Formula One F1 - U.S. Grand Prix - Circuit of the Americas, Austin, Texas, U.S., 22/10/16. Bernie Ecclestone, Chief Executive of the Formula One Group, speaks to the media following the qualifying session. REUTERS/Adrees Latif
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.
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