Formula One might be sold this year to one of three interested buyers, according to the sport’s boss Bernie Ecclestone. The 84-year-old has not identified the potential buyers but said he had been asked to remain as commercial chief, a role he has held since 1978, the BBC reported on Tuesday. Stephen Ross, the owner of NFL side Miami Dolphins, has been working with investors from Qatar to buy a stake in the sport. Investment fund CVC Capital Partners is F1’s controlling shareholder.

“There has been a lot of interest and there are three interested parties at the moment. I will be surprised if one of them does not buy them shortly,” Ecclestone said. Asked when he expects to see a new owner in F1, he replied: “This year.” 

Ecclestone has a 5.3 percent stake in F1 while CVC owns 35.5 percent after initially gaining control of the sport in 2006 for around $2 billion. Mercedes team boss Toto Wolff said the same conference that it is important to have a “sustainable shareholder with a long-term perspective and vision”.


    The IANS was founded by Indian American publisher Gopal Raju as the India Abroad News Service. It was later renamed the Indo-Asian News Service.

    Related Posts

    WWE News: Reason Why R-Truth is Absent From Raw

    R-Truth is considered to be one of the funniest WWE superstars of all time who has always been used as a mid-card talent. Except...

    WWE Rumour: New Romantic Angle to Begin on Raw

    Nia Jax has been absent from WWE TV ever since the Survivor Series PPV has passed. Being an active entity in the Raw women’s division,...

    WWE News: Rich Swann Suspended After Getting Arrested by Florida Police

    At this time, a troublesome event has broken out around a talented wrestler in the WWE that might keep his career under serious jeopardy. The...

    WWE: What To Expect From This Week’s Raw: December 11th, 2017

    Following Survivor Series PPV, it will be the Royal Rumble event for RAW with a big gap within. It might be the reason why...
    Ranji Trophy 2017-18, Gautam Gambhir, Delhi, Vidarbha, Aditya Sarwate

    Ranji Trophy 2017/18: Delhi Thumps Madhya Pradesh; Vidarbha Crush Kerala in Quarter-final

    On the final day of the quarter-final round of the Ranji Trophy 2017-18, Delhi clinched the match by seven wickets against Madhya Pradesh after...