Jan 16, 2014, 9:34 AM EST
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
Dec 21, 2014, 8:00 PM EST
Junior speaks highly, already, of new crew chief Greg Ives.
Dec 21, 2014, 6:30 PM EST
Ex-Sauber driver Adrian Sutil calls out F1 pay-driver situation, although it could just be a case of sour grapes.
Dec 21, 2014, 5:30 PM EST
A number of tweaks are coming for the global sports car racing series.
Dec 21, 2014, 4:58 PM EST
Going back to his dirt track roots, Ricky Stenhouse Jr. finished eighth in the fifth annual Great Clips Battle at the Center in DuQuoin, Ill., on Saturday.
Dec 21, 2014, 4:00 PM EST
The XFINITY Series driver for Richard Childress Racing marries girlfriend Haley Carey.
UPDATED — Highway to Hell(cat): Owner wrecks 707-hp Dodge Challenger SRT Hellcat one hour after buying it
Dec 21, 2014, 2:54 PM EST
With just 40 less horsepower than a 2015 Sprint Cup car, the new Dodge Challenger SRT Hellcat is VERY powerful. One new Hellcat owner, who bought it just one hour earlier, found out the hard way about all that power.
Dec 21, 2014, 2:30 PM EST
The Outlaw takes on the Indianapolis 500 and the Coca-Cola 600 in the same day.
Dec 21, 2014, 1:00 PM EST
Vickers made his full-time return to Sprint Cup action in 2014, which in itself was a victory.
Dec 21, 2014, 12:26 PM EST
Paul Menard had a decent season at times in 2014, but fell short of making the Chase in the final qualifying race.
Dec 20, 2014, 11:42 PM EST
New York State’s Empire Racing took the three fastest spots as ARCA completed a two-day open test at Daytona International Speedway.
Dec 20, 2014, 9:11 PM EST
See NHRA great John Force like you’ve never seen him in this video, shot mainly through the eyes of his grandsons Jacob and Noah.
Dec 20, 2014, 8:16 PM EST
Dr. Dick Berggren will receive yet another prestigious honor in his career. He’ll be inducted into the Maine Motorsports Hall of Fame in April 2015.
Dec 20, 2014, 7:00 PM EST
The staff at New Hampshire Motor Speedway got into the holiday spirit, caroling with a unique NASCAR twist in a newly-released video.
Dec 20, 2014, 6:29 PM EST
Matt Henderson, Henderson Motorsports, and local businesses deliver presents and gifts to family in La Crosse, Wisconsin.
Dec 20, 2014, 5:29 PM EST
Times Square’s ‘ball drop’ will have nothing on Indianapolis as it lowers an Indy Car as the final seconds of 2014 tick off.
Dec 20, 2014, 4:30 PM EST
Michael Tatoian has been able to help bring additional events to the Monster Mile beyond its two NASCAR weekends.
Dec 20, 2014, 4:00 PM EST
Carl Edwards was the most sought-after Sprint Cup free agent in 2014. After more than a decade with Roush Fenway Racing, Edwards announced he will be driving for Joe Gibbs Racing in 2015.
Dec 20, 2014, 3:35 PM EST
Red Bull Straight Rhythm is a one-of-a-kind event, featuring an “unwound” supercross track and head-to-head racing. Tune in to NBC to see how it all played out.
Dec 20, 2014, 2:00 PM EST
BayernLB sues Ecclestone and his family holding for 345 million Euros.
Dec 20, 2014, 1:00 PM EST
Dillon made a big first impression and then quietly learned the ropes in Sprint Cup.
Video from NASCAR America
- NASCAR: Dale Jr. expects even more performance in 2015 0
- UPDATED — Highway to Hell(cat): Owner wrecks 707-hp Dodge Challenger SRT Hellcat one hour after buying it 30
- John Force like you’ve never seen him: ‘Papa John’ the grandfather (video) 0
- Michael Schumacher’s son, Mick Jr., has ‘secret’ F4 test 3
- Report: The Sprint Experience will not return in 2015 4
- Vergne joins Ferrari as a test driver 1
- IndyCar champ Will Power’s hidden talent — breakdancing 0