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Formula 1 Motor Racing Bought by Liberty Media: Latest Details and Reaction

Liberty Media Corporation confirmed it has agreed to purchase a significant stake in Formula One motor racing as part of a deal that will ultimately lead to the full sale of the sports organisation. Sky News reported on Wednesday the deal was worth a sum of $8 billion (£6 billion), although BBC Sports' Dan Roan revealed only a partial stake would be sold at first: Current owner Bernie Ecclestone has played an executive role at the top level of Formula One for more than 40 years, having ascended into a chief position in the early 1970s. However, the business mogul may not be an absent figure altogether. The Daily Mail's Jonathan McEvoy reported Ecclestone has been offered a new role to remain with Formula One in some ca...

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