GP2 series set to revert back to old Formula 2 name

©WRI2

With its takeover of Formula 1, Liberty Media also inherited control of the GP2 support series and is now considering relabeling the feeder championship 'Formula 2'.

Reverting to the historic F2 name has always been the FIA's wish, but negotiations between the governing body and Bernie Ecclestone failed to rebrand the series.

Ecclestone's exit from F1 could now clear the path for a swift name change, according to Autosport.

In its takeover, Liberty Media also gained access to the GP3 series, and junior categories are expected to remain under the organisation structure managed by Bruno Michel.

GP2 boss fears feeder series risks being sidelined

The majority of GP2's champions have eventually gone on to race in Formula 1, although winning the series doesn't provide a clear pass to the pinnacle of motorsport.

Davide Valsecchi and Fabio Leimer, who were crowned champions in 2012 and 2013, never became Grand Prix drivers while last year's winner, Pierre Gasly, remains in the wings at Red Bull but has yet to race in F1.

Lewis Hamilton and Nico Rosberg are the only former GP2 champions who went on to win a world title in Formula 1.

GALLERY: F1 drivers' wives and girlfriends

Keep up to date with all the F1 news via Facebook and Twitter

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.