Jan 16, 2014, 9:34 AM EDT
During his upcoming bribery trial, Formula One Management CEO Bernie Ecclestone will still run F1, but has revealed he will step down from the board of directors of F1’s holding company.
The trial begins in April, as was determined by a Munich, Germany state court earlier on Thursday. Ecclestone was indicted in July for an alleged $44m bribe to jailed banker Gerhard Gribkowsky eight years ago.
A statement from the board said Ecclestone reassured it that he is “innocent of the charges and intends to vigorously defend the case,” but stepping down was necessary because the board “believes that it is in the best interests of both the F1 business and the sport that Mr. Ecclestone should continue to run the business on a day-to-day basis, but subject to increased monitoring and control.”
CVC Capital Partners, the owners of F1, said in November it was prepared to fire Ecclestone if he was found guilty of any charges, and said in July it could look outside F1 for a replacement. Other Ecclestone-related stories from the last few months or so are linked below:
- Nov. 13: Ecclestone denies latest trial is bad for F1’s image
- Nov. 12: Ecclestone will run F1 “the way I’ve always run it”
- Oct. 30: Ecclestone faces new investigation as High Court trial begins
May 25, 2015, 9:00 AM EDT
The win may have come by accident, but Rosberg etched his place in F1 history on Sunday.
May 25, 2015, 8:00 AM EDT
The Red Bull boys finish fourth and fifth in Monaco to give the team something to smile about after a tough start to the season.
May 25, 2015, 1:04 AM EDT
Sunday’s winners of the NHRA Kansas Nationals were Jack Beckman (Funny Car), Richie Crampton (Top Fuel) and Erica Enders-Stevens (Pro Stock).
May 24, 2015, 8:42 PM EDT
Video recap of Montoya’s win at Indianapolis 500.
May 24, 2015, 7:47 PM EDT
In his second win at the Brickyard, the Team Penske driver delivered a performance that embodies his style.
May 24, 2015, 7:31 PM EDT
The latest Paddock Pass is now online.
May 24, 2015, 7:24 PM EDT
Once again in 2015, it’s Graham Rahal and Rahal Letterman Lanigan Racing best of Honda’s brigade.
May 24, 2015, 7:12 PM EDT
A good, but not great day, occurs for Indianapolis 500 polesitter Scott Dixon.
May 24, 2015, 6:30 PM EDT
Kimball drives from 14th to third, a career-best in the Indianapolis 500.
May 24, 2015, 5:30 PM EDT
Montoya extends IndyCar points lead after Indianapolis 500.
May 24, 2015, 5:11 PM EDT
Power does what he needs in the Indianapolis 500, but comes up short at the finish.
May 24, 2015, 3:38 PM EDT
Montoya completes comeback and wins Indianapolis 500.
May 24, 2015, 3:30 PM EDT
For the first time since the 2013 Brazilian Grand Prix, Williams fails to score any points as Bottas and Massa struggle to P14 and P15.
May 24, 2015, 3:16 PM EDT
Big wreck in the final 25 laps.
May 24, 2015, 2:30 PM EDT
17-year-old crashes hard in the final stages of the Monaco Grand Prix on Sunday.
May 24, 2015, 2:28 PM EDT
Collision in the pits involves three Dale Coyne Racing cars.
May 24, 2015, 1:59 PM EDT
Castroneves leads at Lap 100, but Indy 500 thus far dominated by Dixon, Kanaan and Pagenaud.
May 24, 2015, 1:30 PM EDT
An error on the pit wall cost Hamilton a near-certain victory in Sunday’s Monaco Grand Prix.
May 24, 2015, 1:00 PM EDT
British driver gutted to lose the Monaco Grand Prix following an error by Mercedes on the pit wall.
May 24, 2015, 12:46 PM EDT
Karam and Daly – two of America’s young hopes – out of Indy 500, while Sato, Briscoe and Tagliani also have issues.
- Rosberg joins Hill, Prost and Senna as Monaco three-peat winners after gifted victory 0
- NHRA: Beckman blazes to second Funny Car win of season at Kansas; Crampton, Enders-Stevens also win 2
- Ryan: Juan Pablo Montoya comes full circle at Indianapolis 1
- F1 Paddock Pass: Monaco Grand Prix post-race (VIDEO) 2
- Montoya rallies for second Indianapolis 500 victory (VIDEO) 7
- Hamilton: Impossible to express how I feel after Monaco defeat 4
- Rosberg lucks in to third straight Monaco GP win after Mercedes’ mistake costs Hamilton victory 52