Formula One’s $8.5bn sale to Liberty Media is to begin next week, with the first of two payments to be made on Tuesday (6 September), according to reports.
Boss Bernie Ecclestone confirmed the deal to German trade magazine auto motor und sport during the Italian Grand Prix at Monza on Saturday (3 September).
What role Ecclestone plays at the company following the buy-out is unclear. He is quoted as saying: "I will do what I have always done. What role I play is my decision."
Sky as well as
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Formula One’s sale to Liberty Media to go ahead
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