I’m proud of the business that I built over the last 40 years and all that I have achieved with Formula 1, and would like to thank all of the promoters, teams, sponsors and television companies that I have worked with,” Ecclestone said.
“I’m very pleased that the business has been acquired by Liberty and that it intends to invest in the future of F1.”
In an interview with German publication Auto, Motor and Sport on Monday, 86-year-old Ecclestone said his reign in the sport was over.
“I was deposed today. This is official, I do not run the company any more,” he said.

Ecclestone’s 40-year rule of Formula One has come to an end, with Liberty confirming their takeover, although he will remain involved as chairman emeritus.