Formula E boss plays down F1 role rumours

Formula E boss Alejandro Agag has played down suggestions he is set to help run formula one in the wake of the buyout by US media tycoon John Malone.

"It’s not true," the 45-year-old Spaniard, who founded the electric series Formula E and is often closely linked with F1 supremo Bernie Ecclestone, told Marca sports newspaper.

"What is true is that I am close to the new owners because one of their sister companies is the main shareholder of Formula E, but there has been no contact and I’m fine where I am," he added.