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Ecclestone to resign as F1 chief for duration of trial in Germany

January 16, 2014, 18:29 UTC+3 LONDON
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Bernie Ecclestone

Bernie Ecclestone

© EPA/ANDY RAIN

LONDON, January 16. /ITAR-TASS/. Formula One chief executive Bernie Ecclestone said he would resign from his post for the duration of the trial in Germany where he is facing corruption charges, Sky News television said on Thursday, January 16.

It quoted its sources as saying that Ecclestone would step down from the board of directors of the company that runs Formula One but would continue overseeing the races as an informal leader.

Sky News said Ecclestone’s future in Formula One would depend on the outcome of the trial in Germany, thus suggesting that the chief executive could return to the board of directors if the court acquitted him

A Munich court has ordered an inquiry with regard to Ecclestone who is suspected of giving a bribe. Official charges were brought against him in the middle of June after a local court had sentenced banker Gerhard Gribkowsky to 8.5 years in prison for having taken a bribe of 44 million U.S. dollars from Ecclestone in connection with the sale of a share in Formula One.

Now, German prosecutors have accused Ecclestone of bribing Gribkowsky.

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