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Bernie Ecclestone could step down from F1 role

23 January 2017

Bernie Ecclestone, chief executive for the Formula One Group, could be set to step down from his role, as new owner Liberty Media seeks to develop Formula 1.

According to the BBC, Ecclestone is expected to step aside from his role as chief executive of the Formula One Group this week.

The news comes following the World Motorsport Council’s decision to unanimously approve the sale of Delta Topco – which owns the Formula One Group – to Liberty Media.

Liberty has already made Chase Carey, former 21st Century Fox vice chairman, chairman of the Formula One Group.

It was initially believed that Ecclestone would have been kept on by Liberty for three years, however reports now suggest he will be moved aside in order to welcome in a revamp of the sport.

 

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