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Formula One Is Bought But Bernie Stays For Same Old, Same Old


The good news? Formula One has new owners.

The bad news? Bernie Ecclestone appears to be staying.

Formula One was officially purchased by Liberty Media [and, essentially, its owner, John Malone]. Liberty [which also owns Major League Baseball team, Atlanta raves] will be purchasing 18.7% initially [for 4.4 billion American dollars] in what will eventually become an outright acquisition.

Meanwhile, in the most anticipated anti-climactic news associated with the purchase, current F1 chief crusty barnacle, Bernie Ecclestone, is expected to be retained.

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