Sports Day : F1 sale set to cross the line

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Live reporting

By Jamie Lillywhite
F1 sale set to cross the line
Formula 1

Credit: Getty Images
We could be on the verge of a huge change in Formula 1.
The owner of Virgin Media is set to take control of the sport in an $8.5bn (£6.5bn) deal.
John Malone's Liberty Media is expected to make the first of two payments on Tuesday, according to a German magazine.
Auto Motor und Sport said the deal had been confirmed by F1 chief executive Bernie Ecclestone.
The sale would allow US private equity firm CVC Capital Partners, which has a 35% stake, to exit F1.

Source: BBC Sport News

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