News Details
CVC votes to keep Ecclestone at the F1 helm despite charges
20 May, 2013 Bernie Ecclestone
Formula 1′s owners CVC have voted to keep Bernie Ecclestone at the helm of the sport, despite reports that German prosecutors have decided to charge him with bribery.
The bribery case surrounds a payment of $44 million to now-jailed German banker Gerhard Gribkowsky some years ago, and suspicions the 82-year-old Briton wanted CVC to buy the sport's commercial rights because he would be retained as chief executive.
Ecclestone, however, argues that Gribkowsky simply blackmailed him, threatening to reveal potentially costly secrets about his tax affairs.
And he told the Sunday Times newspaper that, at the end of last week in Geneva, CVC chiefs met to...
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11y ago from YallaF1.com
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