Ecclestone expects F1 to be sold

The rumours regarding the future ownership of Formula One have been rumbling on for several months.

Back in June it was reported that Miami Dolphins American football team owner Stephen Ross hoped to buy a stake in Formula One.

The 75-year-old who is also aiming to bring a Major League Soccer team to Miami by working with former England football international David Beckham, is reported to have a net worth of US$ 6.5 billion.

He is said to be working with investors from Qatar Sports Investments, who own Paris St-Germain football club, to buy CVC Capital Partners 35.5% stake in the holding company that owns F1, a deal which could be worth around $8billion.

At that point there were no formal announcements, with due diligence still being undertaken and that was how it remained, until now.

Ecclestone has previously confirmed that he would sell his 5% stake as part of any deal.

‘There has been a lot of interest and I would say there are three parties at the moment, where I would be surprised if one of them did not buy them (the shares) shortly.’ Ecclestone said at the Camp Beckenbauer Global Summit as quoted by Sky Sports.

Whilst Sky Sports suggest that Ecclestone’s future within the sport would be ‘in doubt’ following any sale, the BBC have said the 84-year-old would remain as commercial chief.