Bernie Ecclestone has revealed he has held talks that could see him buy back Formula One.

Bernie Ecclestone is to step down as a director of Formula One’s holding company until court proceedings against the billionaire businessman are concluded.

Plans for a stock market flotation of Formula One motor racing remain stalled, its top shareholder said yesterday, as F1’s chief executive Bernie Ecclestone faces legal action that could break his long grip on the sport.

Bernie Ecclestone has rubbished rumours he is to ’move upstairs’ in the wake of a turbulent time for the Formula One supremo.

Almost half of Britons have no idea what the euro is worth is relation to the pound, according to a survey today.