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Channel 4 to cover F1 from 2016 as BBC terminates contract

Snapshot: BBC announced that they had to 'reluctantly' abandon coverage of the sport.

In other shocking incident, BBC has terminated its contract with F1 to cover the motorsports from the coming seasons. The 2016 season of the most famous form of the racing was already in a lot of negative news following troubles between engine suppliers, constructors' and even some players. And now the recent incident has again brought out the devils in the sports.

The announcement came after the week long speculation from the media as BBC announced that they had to 'reluctantly' abandon coverage of the sport. Barbara Slater, BBC director of sport, said: "The current financial position of the BBC means some tough and unwanted choices have to be made." However, BBC Radio 5 has extended its deal for coverage till 2021. "There are no easy solutions; all of the options available would be unpopular with audiences."

The said decision came to rescue BBC from financial troubles. It has been said that BBC had to save £150 million and £35 million of those savings coming from its sports division. "A significant chunk of BBC Sport's savings target will be delivered through the immediate termination of our TV rights agreement for Formula 1," added Slater. "Any decision to have to stop broadcasting a particular sport or sporting event is hugely disappointing and taken reluctantly.

Meanwhile Channel 4 has confirmed a three-year deal to broadcast F1 in the UK. Channel 4 announced that it will broadcast 10 live races, including practice and qualifying sessions until 2018. It will also broadcast the highlights of all the 21 races from 2016 season. Not only this, Channel 4 will be the first British commercial broadcaster to give live coverage without any advertisement.

"I am sorry that the BBC could not comply with their contract but I am happy that we now have a broadcaster that can broadcast Formula 1 events without commercial intervals during the race," said delighted F1 Supremo Bernie Ecclestone. "I am confident that Channel 4 will achieve not only how the BBC carried out the broadcast in the past but also with a new approach as the World and Formula 1 have moved on."

Jay Hunt, Channel 4 CEO, said: "Channel 4 and Formula 1 are the perfect partnership. We've the same appetite for innovation and we'll be demonstrating that to fans by becoming the first free-to-air commercial broadcaster to show the races ad free."

You can know more about the latest happenings in F1 by clicking here!

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