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Ecclestone steps down from Formula 1 board

– Bernie Ecclestone will step down as a director of Formula 1's management board with immediate effect, but the 83-year-old is to remain involved in the general running of the sport for the forseeable future. Earlier on Thursday, German prosecutors announced that Ecclestone will face a court hearing in April relating to allegations that he bribed banker Gerhard Gribkowsky during the sale of Formula 1 back in 2006. Although current Formula 1 owners CVC Capital Partners have permitted Ecclestone to continue in his day-to-day role, it has been decided that, for the duration of the trial, he will be absent from the board. A statement issued by Delta Topco Ltd read: "Mr Ecclestone...
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1y ago from GPUpdate.net 0
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