FORMULA One commercial rights holder Bernie Ecclestone made it clear yesterday that a potential takeover of the sport by a Hong Kong-based conglomerate would not be welcome.

Formula One commercial rights holder Bernie Ecclestone today made it clear a potential takeover of the sport by a Hong Kong-based conglomerate would not be welcome.

The conglomerate that owns Superdrug and mobile phone operator 3 was today reported to be preparing a $1bn (€828m) bid to buy Formula 1.