Bernie Ecclestone has been replaced as the boss of Formula 1, the sport`s new rights owner Liberty Media has confirmed.
A statement released by Liberty on Monday evening confirmed its £6billion takeover is complete and said Ecclestone would be taking up a new role as chairman emeritus, with F1 chairman Chase Carey succeeding him as chief executive.
Ross Brawn, the former Ferrari and Mercedes chief, has been appointed as motor sport managing director after three years away from the sport. Sean Bratches, an American TV sports executive, becomes commercial operations managing director as part of a new-look F1 management structure.
Bernie Ecclestone replaced as F1 chief as Liberty Media takeover completed
24 January 2017
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Long-time F1 chief succeeded by Chase Carey as Liberty Media completes takeover; Ecclestone becomes chairman emeritus and board advisor; Briton "proud of business that I built" over 40 years
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