Formula One chief executive Bernie Ecclestone says he expects the sport to have new ownership by the end of the year and that three parties are currently interested. It was reported over the summer that CVC Capital Partners, the private equity firm which has owned F1 for the last 10 years, was in talks with a US-Qatari bid to sell its 35.5 per cent controlling stake, while Ecclestone confirmed he would sell his five per cent stake as part of any deal. And when asked on Tuesday about those negotiations, the 84-year-old told the Camp Beckenbauer Global Summit in Austria: 'There has been a lot of interest and I would say there are three parties at the moment, where I would be surprised if one of them did not buy them (the shares) shortly.'Formula One chief executive Bernie Ecclestone predicts that the sport could have new ownership by the end of 2015CVC Capital Partners has owned F1 for the last decade and was reportedly in talks with a US-Qatari bid to sell its 35.5 per cent controlling stakeEcclestone confirmed that he would sell his own five per cent stake
The situation would appear to leave Ecclestone's future as the kingpin of _ in doubt.