LONDON -- Formula One is being bought by Liberty Media, a U.S. company that invests in entertainment and sports, for $4.4 billion.Liberty Media Corp., which is controlled by 75-year-old tycoon John Malone, has ended years of uncertainty about the ownership of the auto racing series with Wednesdays deal.There will be continuity, with Bernie Ecclestone remaining the chief executive officer of F1. But the 85-year-old Ecclestone will have to work under a new chairman: Chase Carey, the executive vice chairman of Rupert Murdochs entertainment conglomerate 21st Century Fox.Formula One has hundreds of millions of fans, and Carey said in a statement that he sees opportunity to develop it. In an interview, Ecclestone said he is optimistic Liberty has the resources, expertise and outlook to drive the growth of F1 -- particularly in the United States.Liberty said it has initially purchased a minority stake of 18.7 percent for $746 million. A buyout is expected to be completed by March 2017. F1s biggest current shareholder, investment fund CVC Capital Partners, and the other sellers will still own 65 percent of Formula One Group stock, and retain board representation. But CVC, which first invested in F1 in 2005, is ceding control of the sport to Malones Liberty, which has all the voting shares.The company says the deal values Formula One at $8 billion, including debt.Malone, a U.S. cable-industry pioneer, has wide-ranging holdings in sports and entertainment. His Liberty Media also owns Major League Baseball team Atlanta Braves and has a controlling interest in radio company Sirius XM. Malone also controls European telecom company Liberty Global and has investments in U.S. cable company Charter, which recently bought Time Warner Cable, and various cable-TV companies.I hope they do a lot because they are American and have had dealings in television in America for a long time, Ecclestone said of Liberty. They have dealings with a lot of sponsors because of their TV networks and social media which we havent done (as much) in the past.The sport returned to the U.S. in 2012 after a five-year absence, with Austin hosting the race under the current deals.I am very, very happy that they can come in and do things (for the sport), Ecclestone, the long-time F1 commercial chief, told The Associated Press. I have been trying to do things in America for years but not very successfully ... maybe they are the people that can get it done.Asked about challenging NASCARs supremacy in the U.S., Ecclestone said: They are the people that should be concerned, of course.At the time of the sale, CVC had a 35.5 percent stake in F1, followed by U.S. fund manager Waddell & Reed with slightly more than 20 percent. Ecclestone has 5.3 percent stake in F1 but his family Bambino Trust has a further 8.5 percent, rounding up his involvement up to about 14 percent.---Tali Arbel contributed from New York.---Rob Harris can be followed at www.twitter.com/RobHarris and www.facebook.com/RobHarrisReports DeAndre Jordan Jersey . -- Adam Snyder returned to the San Francisco 49ers this season because the offensive lineman thought it was his best opportunity to win a championship. Cheap NBA Jerseys . "Hes going to have hip surgery on Jan. 7, and hell be expected to rehabilitate for four to six months beyond that," Canucks general manager Mike Gillis said Friday in an interview. http://www.cheapmavericksjerseys.com/?tag=cheap-luka-doncic-jersey . A lawyer for MLB, Matthew Menchel, confirmed Wednesday the league dropped its case against Biogenesis of America, its owner Anthony Bosch and several other individuals. 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It wasnt constructed properly, said Erik Stibbe, a Canadian coach.Rio has faced criticism for shoddy construction since April, when a bike path that was hailed as a top legacy project of the Olympics collapsed, killing two people.In another incident caused by strong winds in Rio over the weekend, water flooded TV studios on Copacabana Beach near the volleyball arena. Iron boards were used to block the waves.Australias delegation refused to move into the Olympic Village on the official opening day a week ago, citing electrical problems, gas and water leaks among other issues in the building. Athletes finally checked in on Wednesday, and then a small fire broke out on Friday, forcing an evacuation. There were no injuries.-----Associated Press Sports Writer Stephen Wade contributed to this report. Wholesale Jerseys 2020 Cheap NFL Jerseys Throwback Wholesale Jerseys Wholesale Jerseys China Cheap NFL Hoodies Wholesale Black NFL Jerseys Discount Jerseys ' ' '