Formula 1 News

CVC responds to Ecclestone’s indictment

Bernie Ecclestone

Formula 1 commercial rights owner, CVC Capital Partners, has issued an official statement in response to news that Bernie Ecclestone has been indicted by a German court over bribery claims.

Formula One Group Press Release

Wednesday 17 July 2013

The Board of Formula One Group* notes the following developments in Munich:

Mr Ecclestone, CEO of Formula One Group has now received a bill of indictment, in English, from the Munich Regional Court.

Mr Ecclestone has 6 weeks to provide a response to this bill of indictment, prior to a decision being made by the Court on opening proceedings.

The Board will continue to monitor developments in this situation accordingly.

* Delta Topco Limited

Clearly, the future of F1’s long-time supremo (does anyone other than Bernie get called a supremo?) hangs on the outcome of this little saga. Ferrari President Luca di Montezemolo is one man you get the feeling would be quite pleased to see the back of Bernie.

Bernie is no stranger to controversy and Andrew Benson from the BBC has taken a look at the life and times of the most powerful man in F1. We think you should read it.

[Pic: Joerg Koch/AP]