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CVC to ‘monitor’ Ecclestone situation
Confirmation that Bernie Ecclestone has been formally indicted by prosecutors in Germany has been met with a brief and muted response from the board of the Formula One Group.After a seemingly drawn-out process, prosecutors have finally completed their case against the F1 ringmaster, with Ecclestone's legal team being handed a formal indictment on Wednesday (17 July).Charges are linked to the role the Briton played in the sale of F1 shares to investment giant CVC when a major part of the sport was sold off in 2005. Ecclestone is accused of having colluded with disgraced banker Gerhard Gribkowsky to offer the shares at a lower price, failing to realise the true value for employer...
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