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
Jul 26, 2014, 3:12 PM EDT
The Hoonigan man dominates in the North Carolina dirt, while Nelson Piquet Jr. increases his lead in the GRC championship.
Jul 26, 2014, 2:59 PM EDT
INDIANAPOLIS – She readily admits the odds may be long, but Danica Patrick is not giving up on earning a win this season — and potentially making the Chase for the Sprint Cup.
Jul 26, 2014, 2:53 PM EDT
Regarded as one of the most physically demanding dirt bike races in the world, the Red Bull Hare Scramble is an endurocross event unlike any other. Watch it on NBC at 3:00 PM E.T.
Jul 26, 2014, 2:40 PM EDT
Coming off last week’s win, is Eli Tomac ready to reel off a few more victories before the end of the season?
Jul 26, 2014, 2:30 PM EDT
The sport continues to grow with races in Mexico and Azerbaijan, but will they prove to be hits?
Jul 26, 2014, 2:00 PM EDT
Red Bull team principal tells the media to be more positive.
Jul 26, 2014, 1:50 PM EDT
CLICK HERE for stream links to the fifth round of the 2014 Red Bull GRC season.
Jul 26, 2014, 1:45 PM EDT
Starting his qualifying lap just before time ran out in the final round, Busch earns the pole for today’s Lilly Diabetes 250 with a lap of 179.888 mph.
Jul 26, 2014, 1:30 PM EDT
Vijay Mallya very happy with the form of Sergio Perez and Nico Hulkenberg in 2014.
Jul 26, 2014, 1:00 PM EDT
Finn challenged the decision not to run again in Q1, and was proven right when Jules Bianchi knocked him out of qualifying.
Jul 26, 2014, 12:50 PM EDT
INDIANAPOLIS – When Sunday’s 21st running of the Brickyard 400 is in the rearview mirror, we’re once again likely to hear significant griping about “did you see all the empty seats at Indy?”
Jul 26, 2014, 12:35 PM EDT
Petty: “Our main deal is not to run NASCAR. Anything we do to tear NASCAR down is cutting our own throats.”
Jul 26, 2014, 12:30 PM EDT
Hamilton calls on Mercedes to improve the reliability of his car following yet another problem during qualifying for the Hungarian Grand Prix.
Jul 26, 2014, 11:30 AM EDT
Williams driver continuing his run of good form despite the car not suiting the Hungaroring circuit.
Jul 26, 2014, 11:20 AM EDT
Four-time Brickyard 400 champion leads an abbreviated “Happy Hour” with a lap of 189.298 mph.
Jul 26, 2014, 11:00 AM EDT
Defending world champion matches his best qualifying result of the season in Hungary.
Jul 26, 2014, 10:35 AM EDT
Ferrari driver delighted to qualify so well at the Hungaroring, and is now focusing on a good start in tomorrow’s race.
Jul 26, 2014, 9:45 AM EDT
German driver would have preferred a straight fight with Lewis Hamilton, but delighted all the same to bag pole in Hungary.
Jul 26, 2014, 9:10 AM EDT
Crazy qualifying session in Hungary ends with Rosberg at the front once again.
- Danica Patrick: ‘If I’m in a position to win, I feel perfectly ready’ 0
- Perception of sparse Brickyard 400 crowd not necessarily reality 2
- Hamilton: “As a team, we need to do better” 0
- Jimmie Johnson tops shortened final practice at Indy (UPDATED) 0
- Rosberg nails final Q3 lap to take fifth pole in six races 1