It’s official! Following months of speculation BBC Sport confirmed on Monday that it has cancelled its Formula One contract with three years to go and will no longer show the sport on TV however the sport will remain on BBC Radio Five Live.

In a statement the head of BBC Sport Barbra Slater commented by saying:

The current financial position of the BBC means some tough and unwanted choices have to be made, A significant chunk of BBC Sport’s savings target will be delivered through the immediate termination of our TV rights agreement for Formula 1, Any decision to have to stop broadcasting a particular sport or sporting event is hugely disappointing and taken reluctantly. There are no easy solutions; all of the options available would be unpopular with audiences.

Formula One will remain on free to air terrestrial television in the UK and Ireland however as Channel 4 have picked up the BBC’s contract until the end of the 2018 season which will see the company continue to show 10 race’s live with extended highlights for the remaining eleven races.

Sky Sports will continue to show all of the races live. What is unclear is the future’s of Suzi Perry, Eddie Jordan and David Coulthard.

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