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Ecclestone troubles not good for F1
Bernie Ecclestone insists CVC, the owners of formula one's commercial rights, are "very happy" to keep him in charge of the sport.
That is despite the fact the 82-year-old has been formally charged with bribery by prosecutors in Germany, who allege he blackmailed the now-jailed banker Gerhard Gribkowsky to undersell the rights to CVC.
After news of Ecclestone's indictment broke, CVC issued a terse statement saying it will "monitor" the situation.
"An oath of loyalty sounds different," the major German newspaper Die Welt surmised.
Michael Schmidt, of Auto Motor und Sport, agreed: "It (CVC's statement) does not sound like unconditional support."...
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13y ago from GrandPrix.com
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