But the HQ thinks it's amazing what being brought up on bribery charges by Munich's state court will do for you...
The major domo of F1 for the last four decades is linked to an alleged $44-million payment to a German banker. Ecclestone maintains his innocence, but has stepped down from the board of the holding company that runs the sport. He will still be in charge of the day-to-day operations...
From Delta Topco Limited: 'After discussion with the Board, Mr Ecclestone has proposed and the Board has agreed that until the case has been concluded, he will step down as a director with immediate effect, thereby relinquishing his board duties and responsibilities until the case has been resolved.
'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 by the Board. Mr Ecclestone has agreed to these arrangements.'
The whole German suit comes from what Ecclestone calls a "shakedown" from German banker Gerhard Gribkowsky over an alleged undervaluation of Formula 1 back in 2006. Gribkowsky is currently serving an eight-and-a-half-year jail sentence for accepting the payment from Ecclestone...
Here's an interview with Ecclestone discussing the fixing of the 2008 Singapore Grand Prix by Flavio Briatore and Renault to let you know just how shady F1 comes across on the whole...
((HT: DW English))
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