Formula 1

Bernie Ecclestone.

Bernie Ecclestone responds to rumours of Formula One exit

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Things looked to be changing in the head offices of Formula One after owners CVC Capital Partners agreed to sell the organisation to Liberty Media back in September.

Early 2017 will see the American firm complete their $4.4 billion takeover once the deal is approved by the FIA, regulators and Liberty's shareholders.

The upcoming takeover has ignited speculation regarding the future of F1's chief executive Bernie Ecclestone, after former Mercedes and Ferrari boss Ross Brawn looked likely to replace him in the hot seat.

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Though Ecclestone's position under the American firm still remains unclear, he did hint, via an interview with F1's official website, that he will continue in his role after ruling out any future changes to the organisation.

He said: "Well, I can assure them that as far as the company is concerned, it stays as it is - there will be no change.

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"There can be different shareholders - and the shareholders that are now coming on board are probably going to be more commercial than CVC were. That is about it."

Formula One's new owners said that Ecclestone would retain in his position as CEO, with the 86-year-old also claiming that the American firm had asked him to remain in charge for three more years.

However, Brawn has admitted that he would "certainly be attracted" to a return but ruled out speculation claiming he has already signed up to potentially become Ecclestone's replacement.

F1 Grand Prix of USA - Qualifying

"Primarily I was approached by Liberty Media to give them an overview of Formula One from my perspective so I've done some consultancy but that's really the extent of it so far," Brawn said.

"I'm just helping them understand how Formula One works, how the teams work, the perspective of a team. Obviously they've got a relationship with CVC, but they wanted to understand how the team works, views on how FOne can change in the future."

Though Liberty could turn to Brawn as their new leader of Formula One, it looks more likely that Ecclestone will still be in the hot seat come 2017.

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