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Jan 17, 2014 - 06:03 AM
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Ecclestone steps down from F1 board
Posted by: Admin on Jan 17, 2014 - 06:03 AM
Formula 1 News
Ecclestone steps down from F1 board


Bernie Ecclestone's demise may now have begun, as the F1 chief executive stepped down from the sport's board.

The news on Thursday followed hot on the heels of confirmation that Munich prosecutors are indeed sending the 83-year-old Briton's involvement in the Gerhard Gribkowsky bribery scandal to trial this year.


 

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So the F1 holding company, Delta Topco, announced that Ecclestone "will step down as a director with immediate effect" until "the case has been resolved".

The statement said Ecclestone will continue to run F1 "on a day to day basis", but only "subject to increased monitoring and control by the board".

"Mr Ecclestone has agreed to these arrangements," it added.

Germany's SID news agency said the trial will begin in late April, but Red Bull's Dr Helmut Marko said it would not be unusual if a verdict is not known for "three or four years".



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