Bernie Ecclestone Steps Down From F1 Board

"ADabOfOppo; Gone Plaid (Instructables Can Be Confusable)" (adabofoppo) 01/16/2014 at 09:20 • Filed to: Tips

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http://www.bbc.com/sport/0/formul…

Bernie Ecclestone has stepped down from the board of the company which runs Formula 1 following his indictment on bribery charges in Germany.

But the 83-year-old will continue to run the business on a day-to-day basis, Delta Topco said in a statement.

Ecclestone will go on trial to face allegations he bribed a German banker who is serving a jail sentence for receiving the payment.

He admits paying Gerhard Gribkowsky, but denies bribery.

The board of Delta Topco met on Thursday and were told by Ecclestone that he intends to vigorously defend the case, which will commence in late April.

A statement read: "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.

"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 by the board.

"Mr Ecclestone has agreed to these arrangements."

MooseKnuckles > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) 01/16/2014 at 09:23

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haha got me by about a minute

http://oppositelock.jalopnik.com/ecclestone-ste…

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Sunray09 > ADabOfOppo; Gone Plaid (Instructables Can Be Confusable) 01/16/2014 at 11:18

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Treason Doth Never Prosper for if it prosper None Dare Call It Treason