Liberty Media has announced the completion of its takeover of Formula 1, with Bernie Ecclestone being replaced as the sport's chief executive by Chase Carey (pictured at left, above, with Ecclestone).Following Ecclestone's comments earlier on Monday that he had been dismissed as CEO, confirmation came from Liberty as it announced...

Force India deputy team principal Bob Fernley is hoping new owner Liberty Media will create growth in Formula 1, as he took a final potshot at CVC.American media, communications and entertainments giant Liberty completed the initial phase of becoming F1's majority shareholder on Wednesday, with the $8 billion deal to...

Speculation about the prospective sale of F1 shares took another turn with the UK's Sky News reporting that China Media Capital is looking to invest around $1.5 billion in an offer being assembled by Stephen Ross, owner of the NFL's Miami Dolphins.According to Sky, Ross’s consortium is seeking a 90-day...

Donald Mackenzie (LEFT), the co-chairman of Formula 1's commercial rights holder CVC Capital Partners, has stated the private equity firm is not interested in selling its majority holding.A U.S.-Qatari consortium emerged last month as a potential purchaser as a potential purchaser of CVC's 35.5 percent stake in F1, led by...

Britain's Financial Times reports that Paul Walsh, former CEO of consumer goods conglomerate Diageo, is being lined up to become chairman of the Formula 1 board, which the newspaper says "could signal the beginning of the end of Bernie Ecclestone's control of the sport."A board meeting is being scheduled for...