Former Formula 1 boss Bernie Ecclestone has admitted that he no longer has any influence on management of the sport, despite being given the title of "chairman emeritus" by its new ownership group.Ecclestone, 86, was removed by Liberty Media as CEO in January in favor of Libert's Chase Carey (pictured...

The FIA – Formula 1's governing body – has hit back at what it describes as "malicious" claims it had a conflict of interest regarding the sale of the sport to Liberty Media.In its role of regulator, the FIA had to approve any sale of F1, and duly gave the...

The FIA has given its approval for the sale of Formula 1 from CVC Capital Partners to Liberty Media following a meeting in Geneva.An extraordinary meeting of the World Motor Sport Council (WMSC) took place on Wednesday to discuss the change in ownership, with Liberty Media set to become majority...

Sport newsThe transaction will see the transfer of 100% of the shares in Delta Topco to Liberty Media Group, one of the tracking stocks of Liberty Media Corporation.During the meeting, the representatives of the prospective new owner made a detailed presentation of their strategy. The members of the World Motor...

Liberty Media reports that it has cleared another hurdle in the process of its takeover of a majority shareholding in Formula 1.Colorado-based Liberty Media announced earlier this week that it it had raised $1.55 billion from investors to purchase the majority of shares from CVC Capital Partners. However, the deal...

Liberty Media has announced it has entered into agreements with third party investors to commit $1.55 billion toward its acquisition of Formula 1.A group of investors – named by Liberty as Coatue Management, the D. E. Shaw group, JANA Partners, Ruane, Cunniff & Goldfarb Inc., Soroban Capital Partners, SPO Advisory...

The planned purchase of Formula 1 by Liberty Media could face an investigation by Britain's Competition and Markets Authority (CMA).In September, Liberty Media agreed to become F1's biggest shareholder through the purchase of shares from a consortium of sellers led by majority shareholder CVC Capital Partners. The U.S.-based company will...

Formula 1's commercial chief Bernie Ecclestone reckons Ross Brawn would be better suited to a role inside governing body the FIA, rather than with F1's new owner Liberty Media.Speculation has linked the former Ferrari technical director and Mercedes team boss to a job running the sporting and commercial aspects of...

Red Bull Racing team principal Christian Horner feels it "sensible" of incoming new owners Liberty Media to allow the teams the possibility of taking a stake in Formula 1.The American media, communications and entertainment conglomerate is to become F1's largest shareholder in early 2017 with a 35.3% stake following an...

Sport newsThe FIA was obviously not party to the negotiations surrounding the intended sale. As such, the Federation awaits further information regarding the proposed terms of the transaction and welcomes the opportunity to discuss with all parties the possible consequences of this agreement on the promotion of the FIA’s flagship...