Liberty Media F1 takeover could be days away

Formula 1 sale's to Liberty Media is on the verge of being completed, with multiple sources confirming reports that the deal could be confirmed as early as Tuesday.

Liberty Media F1 takeover could be days away
Bernie Ecclestone, with the media
Nico Rosberg, Mercedes AMG F1 W07 Hybrid leads at the start of the race
Race start
Race start
Lewis Hamilton, Mercedes AMG F1 W07 Hybrid
Pasquale Lattuneddu of the FOM with Bernie Ecclestone and Flavio Briatore

A story in respected German publication Auto Motor Und Sport on Saturday revealed that the first of two tranches of payments in the $8.5 billion deal is expected to go through on Tuesday.

If that happens, then it is thought that current shareholders CVC Capital Partners, which owns a 35.5 percent stake, will confirm shortly afterwards it is about to exit the sport.

Liberty Media Corporation has been in talks with CVC for several months but speculation has been growing in recent weeks that the deal was close to finally getting over the finish line.

If it goes ahead, following a two-phase takeover, then the company that runs the sport could be absorbed in to Liberty Media Group which is listed on the New York Stock Exchange.

Should Liberty's takeover happen, then it remains unclear what role F1 supremo Bernie Ecclestone will have.

Although there are suggestions that Liberty's owner John Malone may want other people in charge of the sport, Ecclestone has insisted that the future is in his hands.

He told Auto Motor Und Sport: “I will do what I have always done. What role I play is my decision."

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