Last Update 23:16
Sunday, 01 August 2021

Formula One boss Ecclestone says has been asked to stay on

Reuters , Wednesday 7 Sep 2016
Formula One chief Bernie Ecclestone arrives in the track before the third free practice. (Reuters)
Formula One chief Bernie Ecclestone arrives in the track before the third free practice. (Reuters)
Share/Bookmark
Share/Bookmark

Formula One's commercial supremo Bernie Ecclestone says he has been asked to stay on for three years after an imminent takeover of the sport is completed by U.S. cable TV mogul John Malone's Liberty Media.

"They want me to be here for three years," the 85-year-old, who over the decades has built the sport into a business with annual turnover of around $1.9 billion, told Reuters on Wednesday.

Media reports have suggested the first part of a broader deal between outgoing rights holders CVC and Liberty Media could be announced on Wednesday.

However Ecclestone and CVC chairman Donald Mackenzie voiced some scepticism about the time frame at last weekend's Italian Grand Prix.

(For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.)

 

 

Short link:

 

Latest

© 2010 Ahram Online.