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Ecclestone era over if convicted, admits CVC
Bernie Ecclestone would be removed as the head of F1 should the High Court find against him, the sport's majority shareholder has confirmed.The 83-year old is one of four defendants in the ongoing civil trial brought by Constantin Medien, accused of selling F1 to asset management giant CVC at a cut-price. Ecclestone is facing a $100m damages claim, amid allegations that he bribed bank official Gerhard Gribkowsky to undervalue the stake held by BayernLB in order to attract CVC, a buyer known to be in favour of keeping him at the head of the sport.While the Briton denies the charges against him, CVC co-founder Donald Mackenzie told the court that his company would have no hesitation in...
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