Carmakers, banks agree on future of Formula One

Newswire

FRANKFURT, Dec 19 (Reuters) - Formula One's carmakers and commercial rights holders said on Friday they had agreed on a future structure for Formula One and said that Bernie Ecclestone will continue as Chief Executive of the company. The parties said that Formula One will be listed in the short- to medium-term and that the banks will continue to hold a majority in holding company SLEC. The move brings to an end years of wrangling betweeen the banks, comprising BayernLB, JP Morgan and ...

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