26-01-2017 22:17 via uk.news.yahoo.com

Ecclestone selling shares in Formula One

By Alan Baldwin LONDON (Reuters) - Bernie Ecclestone is set to make a quick $29 million (23 million pounds) from Liberty Media's takeover of Formula One after being deposed as the sport's commercial supremo this week. Liberty completed their $8 billion takeover on Monday and a subsequent filing to the U.S. Securities and Exchange Commission (SEC) showed 86-year-old Ecclestone was offloading 950,599 shares. The Series C Liberty Formula One common stock shares were trading at around $30.73 on Thur
Read more »