Ecclestone's exit marks end of an era for F1


FILE PHOTO - Formula One chief executive Bernie Ecclestone arrives in court in Munich April 24, 2014. REUTERS/Michaela Rehle/File Photo

LONDON (Reuters) - Bernie Ecclestone used to joke that retirement would come on the day of his funeral but in the end it was an American businessman in a suit who quietly ushered Formula One's 86-year-old ringmaster towards the exit.

Formula One's new U.S.-based owner Liberty Media on Monday completed its takeover of the sport's commercial rights and with it ended one of the longest, most colourful and controversial reigns in global sport.

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