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F1 owner CVC votes to keep Ecclestone in charge
F1's owners have voted to keep Bernie Ecclestone at the helm of the sport, despite reports German prosecutors have decided to charge him with bribery.
The bribery case surrounds a payment of $44 million to now-jailed German banker Gerhard Gribkowsky some years ago, and suspicions the 82-year-old Briton wanted CVC to buy the sport's commercial rights because he would be retained as chief executive.
Ecclestone, however, argues that Gribkowsky simply blackmailed him, threatening to reveal potentially costly secrets about his tax affairs.
And he told the Sunday Times newspaper that, at the end of last week in Geneva, CVC chiefs met to discuss the ramifications of the German charges....
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13y ago from GrandPrix.com
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