News Details
Ecclestone to sell F1 shares
Just days after receiving shares in F1's new parent company under Liberty Media, a number of its most senior past and present managers including Bernie Ecclestone are putting them up for sale. A historic day, which effectively marked Ecclestone's departure from the sport as Liberty finally won control, saw existing shareholders in F1 handed stakes in its new parent company. It is floated in New York and has the unfortunate stock market abbreviation of FWONK. While most shareholders are prevented from selling their stakes for six months following the buy-out, a number of current and former management are exempt including Ecclestone, Sir Martin Sorrell, Sacha Woodward-Hill and Duncan...
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