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Sainsburys boss to replace Ecclestone?
Speculation that Sainsburys CEO Justin King is being lined up to replace Bernie Ecclestone at Formula One Management has once again flared up after the billionaire refused to deny the rumours. Formula One's owner, CVC, is reportedly lining up possible candidates to replace Ecclestone who, at the age of 82, will likely have to retire in the coming years. He is also under investigation by German authorities for his involvement in the sale of the sport in 2006 to CVC, which has already seen german banker Gerhard Gribkowsky arrested and jailed. When asked about King being his successor, Ecclestone said: "I've no idea whether the boss of a company like Sainsbury's could do my job. Maybe he...
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11y ago from TheF1Times.com
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