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Ecclestone steps down from F1 board

Formula One boss Bernie Ecclestone will keep running the sport despite going on trial for bribery in Germany. Ecclestone did, however, step down Thursday as a member of the board of directors pending the outcome of the trial. The Munich state court decided to send the 83-year-old Ecclestone to trial following his indictment last May. He faces charges of bribery and incitement to breach of trust connected with a $45 million payment to a German banker, Gerhard Gribkowsky. Dates for the trial haven't yet been set but proceedings are currently expected to start at the end of April, a court statement said. Bribery convictions can result in prison sentences ranging from three months to ten years...
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3y ago from F1Pulse.com 0
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