Liberty Media has confirmed its initial takeover of Formula 1, with Chase Carey appointed as chairman, and Bernie Ecclestone retaining his position as CEO.A statement issued by Liberty Media declares it has agreed to acquire F1 from a consortium of sellers led by majority shareholder CVC Capital Partners.PRIMER: Liberty Media...

Bernie Ecclestone will remain as Formula 1's chief executive officer, with Chase Carey to be appointed as its new chairman, upon the completion of a deal for ownership of the sport with Liberty Media Corporation.Despite rumors over the course of the recent Italian Grand Prix weekend that Ecclestone was to...

Bernie Ecclestone will step down as a director of Formula 1's management board, but he will continue running the sport. German prosecutors announced on Thursday that Ecclestone will face a court hearing in Munich at the end of April to answer claims that he bribed German banker Gerhard Gribkowsky over...