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Ecclestone to stay in F1 following takeover
– Formula 1 CEO Bernie Ecclestone says he has been asked to remain in the sport for the next three years, amid Liberty Media's proposed takeover of CVC Capital Partner's shares.Liberty Media, an American entertainment company, has been inching towards a deal with CVC Capital Partners, which holds a sizeable stake in the sport.The news had triggered speculation over Ecclestone's future in a sport which he has been involved with for over half a century, and guided as its Chief Executive for almost four decades.However, Ecclestone said on Wednesday that he expects to stay on in some capacity once a takeover is completed."They want me to be here for three years," Ecclestone,...
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9y ago from GPUpdate.net
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