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F1 owners monitoring Ecclestone situation
Formula One's major shareholder, CVC Capital Partners, says F1's board will not take any immediate action after Bernie Ecclestone was indicted in a bribery case this week. Ecclestone has been served with an indictment by a German court and is currently in the process of preparing a response with his lawyers. The indictment has led to speculation that he would have to stand down as the CEO of the Formula One Group, but CVC issued a statement saying it would "monitor" the situation over the coming weeks. The statement read: "The Board of Formula One Group notes the following developments in Munich: "Mr Ecclestone, CEO of Formula One Group has now received a bill of...
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12y ago from espnF1.com
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