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No plan to replace Ecclestone, insist shareholders
Formula One Group's main shareholder, investment group CVC, is continuing to take a 'wait and see' approach to the current legal crisis affecting the sort's CEO Bernie Ecclestone, who has been formally indicted by German prosecutors over the payment of an alleged bribe in connection with the 2006 $1.7bn sale of F1 to the private equity firm.Last week CVC issued an official press release saying that it would "continue to monitor developments in this situation" and this week a source within CVC told Britain's Daily Telegraph newspaper that "our actions show that we support Bernie."Ecclestone's legal team has six weeks to respond to the indictment, and his lawyer has...
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