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

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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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