A sale of Formula 1 to Liberty Media is to go ahead next week, Liberty Media would transfer the first tranche of payment in the $8.5 billion deal on Tuesday.
Formula One’s biggest shareholders are private equity firm CVC Capital Partners with a 35.5 percent stake and U.S. fund manager Waddell & Reed with 20.9 percent.
Ecclestone holds 5.3 percent of Formula one and his Bambino Trust has another 8.5 percent.