Maintenance. We are currently updating the site. Please check back shortly
Members login
  • TrustLaw
  • Members Portal
Subscribe Donate

Ecclestone's F1 powers curbed as bribery trial looms

Source: Reuters - Thu, 16 Jan 2014 13:42 GMT
Author: Reuters
cor-gov
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

LONDON, Jan 16 (Reuters) - Formula One chief executive Bernie Ecclestone will continue to run the motor racing business despite a forthcoming bribery trial but will face greater control from the company board, Formula One said in a statement on Thursday.

Ecclestone, who denies wrongdoing, will step down as a Formula One director pending the conclusion of a trial scheduled to start in Germany in late April, but will run the business on a day-to-day basis.

"The approval and signing of significant contracts and other material business arrangements shall now be the responsibility of the Chairman, Peter Brabeck-Letmathe, and Deputy Chairman, Donald Mackenzie," the statement added.

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus
Most Popular
TOPICAL CONTENT
Topical content
LATEST SLIDESHOW

Latest slideshow

See allSee all
FEATURED JOBS
Featured jobs