Contacted by Reuters, the 86-year-old Briton declined to comment on the report.
The German publication quoted him as saying: “I was deposed today. I’ve gone. That’s official. I am not running the company anymore. My position has been taken over by Chase Carey.”
Carey, a 62-year-old American who was executive vice-chairman of Rupert Murdoch’s 21st Century Fox, was appointed Formula One chairman in September and has spent the past few months familiarising himself with the glamour sport.
(Reporting by Alan Baldwin, Editing by Ken Ferris)
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