Formula E boss Alejandro Agag has played down suggestions that he is set to help run Formula 1 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."
The Formula 1 calendar continues next weekend with the Singapore Grand Prix.
