Long-time Formula One supremo Bernie Ecclestone says his reign at the helm of the sport is over.
In an interview with German magazine Auto Motor und Sport , the 86-year-old announced he had been deposed as chief executive - as Liberty Media prepares to complete the takeover of F1.
"I was stripped off my job today. I'm simply gone. It's official. I do not run the enterprise any more," Ecclestone was quoted as saying on Monday.
"My position has been taken by Chase Carey [who Liberty have appointed as the chairman of F1]."
Ecclestone said his new role was "like an honorary president", adding: "I have this title without knowing what it means."
When Liberty agreed a deal to take over F1 last September, Ecclestone said he had been asked to stay on as chief executive for a further three years.
However, after almost 40 years in control of F1, the Englishman now looks to have been eased aside.
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