Formula One is struggling. Drivers are angry about new rules and an arduous decision making process; boss Bernie Ecclestone himself even called the current form of the storied racing series "crap." Despite this, Ecclestone says he's found a potential buyer for the series, to the tune of billions and billions of dollars.

British news outlet The Sun reports that Ecclestone is hinting at a potential £6 billion (roughly $8.55 billion) deal for the 35-percent stake in the racing series currently owned by holding company CVC Capitol Partners.

"I think CVC will make a decision on the sale sooner or later," Ecclestone said. "There are people who want to buy. Actually, two of the people have agreed the price. It's just a question of whether CVC wants to sell or not."

CVC paid £1.2 billion ($1.71 billion at today's exchange rate) to take over the series in 2007. The holding company has since sold off roughly half of its original stake in the series, leaving it with the 35.5-percent stake it holds today. Ecclestone still owns a five-percent stake in the racing series, though he controls CVC's interest as well. In October of 2015, Ecclestone hinted that CVC was looking for a buyer, and that he would sell his own five-percent stake as part of any deal.

If a buyer or group of buyers takes on CVC's and Ecclestone's holdings, it's unclear whether the 85-year-old Ecclestone, who has run F1 for 40 years, will maintain his position in the sport.

This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io