London: Formula One supremo Bernie Ecclestone is ready to quit if Rupert Murdoch`s media group succeeds in a bid to take control of the sport, the Sunday Times reported.
Ecclestone, 80, who has previously dismissed the idea of retirement, said in an interview with the newspaper: "I`m old enough to get a pension, so I don`t have to get a job. I`d have to be sure the people (who end up owning F1) are people I would like to work with and whether they would want to work with me."
A source familiar with the situation told Reuters last Tuesday that News Corporation had held early talks with Mexican billionaire Carlos Slim and at least one of the sport`s big car manufacturers about forming a consortium to acquire control.
Separate sources had previously told Reuters that private equity firm CVC, the current owner, was conducting a strategic review and could sell.
A takeover by News Corp has a clear logic but would face many challenges to secure the backing of the sport`s high profile players.