The battle for ownership of F1 explained

The battle for ownership of F1 explained

Formula 1 is likely to have a new owner imminently, but who will it be, what is motivating the sudden battle to buy it and what are the implications?

Following widespread speculation at Spa-Francorchamps about possible bids for a majority slice of Formula 1's commercial rights, various parties, including F1 tsar Bernie Ecclestone, indicated to Autosport at Monza that a multi-stage deal for control of commercial rights holder Formula One Management was imminent - with the first transaction possibly completed by the end of this week.

More intriguing were suggestions from sources close to the 85-year-old that he reckoned the Italian Grand Prix could mark his last official appearance at an F1 race, with American cable TV broadcasting executive Chase Carey (61) slated to slide into motorsport's hottest seat in time for the Singapore night race. Whether this all pans out only time will tell, but clearly F1's commercial potential is being duly and diligently examined.

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