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
Nov 25, 2014, 8:07 PM EST
A post-season exit survey provides some very interesting fan data on NASCAR’s latest version of its post-season format.
Nov 25, 2014, 7:00 PM EST
The outgoing crew chief for Dale Earnhardt Jr. also talks about his successor needing to make his own mark.
Nov 25, 2014, 5:45 PM EST
The Delaware family court hearing is a separate matter from the ongoing police investigation into allegations of assault against Busch by his ex-girlfriend.
Nov 25, 2014, 5:15 PM EST
Brian Scott gets a new crew chief for 2015’s XFINITY campaign.
Nov 25, 2014, 4:44 PM EST
It may be Thanksgiving week but NASCAR AMERICA is still on tonight at 5 p.m. ET.
Nov 25, 2014, 4:30 PM EST
The ex-Caterham pilot runs 95 laps in the Sauber C33 at Yas Marina Circuit.
Jay Mohr back to host this year’s NASCAR Sprint Cup Awards; Aloe Blacc, Lady Antebellum among performers
Nov 25, 2014, 3:48 PM EST
A star-studded affair to come for NASCAR in Las Vegas.
Nov 25, 2014, 3:00 PM EST
Palmer logs only 37 laps for Force India in Abu Dhabi, but places fourth on the time sheets.
Nov 25, 2014, 2:30 PM EST
Caterham not only stays for test, but banks 100-plus laps on Tuesday in Abu Dhabi.
Nov 25, 2014, 2:00 PM EST
Carlos Sainz Jr. has a good day with Red Bull, as he stakes claim for Toro Rosso seat in 2015.
Nov 25, 2014, 1:30 PM EST
Rosberg pounds out 114 laps – the most of any driver – in Day 1 of testing in Abu Dhabi.
Nov 25, 2014, 1:00 PM EST
IndyCar’s available pool of talent, as always, is larger than the number of remaining seats.
Nov 25, 2014, 12:30 PM EST
The Ford squad enters this week’s World RX finale down four points in their fight for the team championship.
Nov 25, 2014, 12:00 PM EST
McLaren-Honda gets out, with ideally more to come on Wednesday.
Nov 25, 2014, 11:36 AM EST
One Mercedes team on top, one former Mercedes team gets install laps only.
Nov 25, 2014, 11:00 AM EST
Go inside the numbers of this year’s final F1 points standings.
Nov 25, 2014, 10:00 AM EST
GP3 champ to have first F1 run.
Nov 25, 2014, 9:40 AM EST
Ex-Lotus reserve will have his first IndyCar test in December.
Nov 24, 2014, 8:03 PM EST
The two drivers answer the call of the open road.
Nov 24, 2014, 6:26 PM EST
The future NASCAR on NBC analyst talks about how Rick Hendrick and his partnerships with Jeff Gordon and Dale Earnhardt Jr. have impacted his life.
Video from NASCAR America
- Bottas leads as McLaren-Honda delayed on first day of Abu Dhabi test 2
- Steve Letarte reflects on Hendrick Motorsports career in “exit interview” (VIDEO) 3
- Weekend wrap: Lewis Hamilton back on top of the F1 mountain 4
- Maurizio Arrivabene replaces Marco Mattiacci as Ferrari team principal 4
- Abu Dhabi GP Paddock Notebook – Sunday 0
- Hamilton calls second title victory “the greatest day of my life” 3
- Hamilton clinches second F1 world title by winning Abu Dhabi GP 11