But he told the BBC: "The minute the court case is over I'll be back on the board again.
"Everybody on the board is more than a million per cent supportive. They just want me to get on with doing what I always do."
However, the holding company Delta Topco's statement explained that while Ecclestone remains chief executive for now, he will be more closely monitored.
Ecclestone responded: "For Formula One Management it's the same as before. There is no change at all.
"It's just that if I wanted to buy something I can't do it without board approval.
"But when it comes to races, circuits, it will be as we've always done. It will be the same thing," he added.