Bernie expects F1 to be sold ‘this year’

Date published: October 7 2015 - Editor

Formula 1 chief executive Bernie Ecclestone has said that he expects F1 to have new owners by the end of the year.

Investment fund CVC Capital Partners is currently F1's controlling shareholder with a 35.5 percent stake, but according to Ecclestone, who holds a five percent stake, this could change in the coming months.

"There has been a lot of interest and there are three [interested parties] at the moment," he said.

"I will be surprised if one of them does not buy them (the shares) shortly."

Asked when he expected this to occur, Ecclestone responded: "This year."

It is believed that one of the interested parties is Stephen Ross, the owner of NFL side Miami Dolphins, who has the backing of Qatar Sports Investments, the same group that owns football club Paris St-Germain.

CVC have had the controlling stake in F1 since 2006, a move which cost the group somewhere in the region of $2bn.