Formula 1 teams are to be allowed to purchase offers in the game interestingly taking after a takeover by US monster Liberty Media.
The principal phase of a buyout was finished on Wednesday, with Liberty taking 18.7% in an arrangement that qualities F1 at $8bn (£6.25bn). He added: “Bernie’s been central to every development of Formula 1 for the past 40-odd years. He will be intrinsic to the new owners establishing themselves and being able to lead the sport successfully in the future.”
The full takeover, which will see Liberty with a controlling 35.3% stake, is expected to be finished by mid 2017.
Freedom said teams “will be given the chance to take an interest in the venture”, including that some had communicated interest.
The main Mercedes, Ferrari, Red Bull and McLaren teams are viewed as the well on the way to accept up the open door.
Bernie Ecclestone, the present boss of F1, is to stay on board as CEO.
“The opportunity is to grow and develop this sport for the benefit of the fans, teams, partners and our shareholders by increasing promotion and marketing of Formula 1 as a sport and brand,” he said.
“Enhancing the distribution of content, especially in digital – currently a very small percentage of revenue.”
A McLaren spokesman said: “It is obviously a significant development, which has only just occurred, but from what we already understand we are confident that it will be a positive step for Formula 1.”
Ecclestone, 85, will work close by the new director, US media head honcho Chase Carey, who is a long-term lieutenant of media big shot Rupert Murdoch.
This is on account of nations in western majority rules systems think that its harder to legitimize the colossal race expenses requested by Ecclestone, contrasted and nations with dictator administrations, for example, Bahrain, Russia, Azerbaijan, who are all presumed to pay in any event $40m every year for their races.
Carey said new markets were “open doors” and he needed to “grow the game in spots like the Americas and Asia”.
Be that as it may, he included races in Europe were “the home and establishment” of F1 and “of basic significance”.
Carey said the point of the takeover was to grow the game and expand its range. He said: “Building the sport in Europe, building on that foundation, has got to be second to none. We do want to take advantage of the global footprint of this sport, we want to focus on it.”
