Johannesburg: Formula One chief executive Bernie Ecclestone has revealed that the motor-racing sport is likely to have new ownership by the end of the year.
Bernie Ecclestone. Pic/ AFP
The 84-year-old, who runs F1 Management, also said that three parties have currently expressed their interest in buying controlling interest in F1, Sport24 reported.
Earlier in June, a UK-based daily had claimed that American Stephen Ross, the owner of the Miami Dolphins NFL team, and Qatar Sports Investment had both expressed an interest in buying a 35.5 percent controlling interest in F1, currently held by CVC Capital Partners.
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