The President of F1's controlling body FIA Jean Todt said formula one does not need sweeping changes and does not think that Mercedes' utterly dominant form of the last three seasons harmed the sport. Formula 1 saw the begin of a new era with the change of the commercial rights holder. Former majority shareholder CVC Capitals sold its shares to the American media conglomerate Liberty Media. The take-over proceeds in various transactions. On 23th January, the American company acquired 35,5 per cent of the shares with its latest transaction. It provided the media giant with the voting rights. Liberty Media did not hesitate and announced that it parted ways with Bernie Ecclestone and built a...
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