>> Bernie Ecclestone used to joke that retirement would come on the day of his funeral.>> I'm confident the sun is shining.>> Instead, it was an American businessman ushering him to the door. Formula One's new US-based owner, Liberty Media, completing its takeover of the sport's commercial rights on Monday.
And with it ending Ecclestone's 40 years at the helm. The 86 year old replaced his chief executive by Chase Carey, who will oversee a new management team. Ecclestone, handed the newly created title of Chairman Emeritus, recognizing his contribution to the sport but removing him from its day to day running.
>> More famous than many of the drivers who have come and gone, what he'll be most remembered for is transforming a once disjointed sport into a $1 billion enterprise.