Wednesday, 7 November 2012

Ecclestone’s Legal Trouble: A Deadly Curve for Formula One?

Europe’s most glamorous sport—known for its dashing drivers, high-tech cars and exotic locales—is heading into a hairpin turn.

Prosecutors in Munich are considering whether to charge Formula One Group Chief Executive Bernie Ecclestone for bribery in connection with $44 million he paid to a banker in 2006-07. A decision, which has been hanging over the sport for months, is expected in the coming weeks.

An indictment of the 82-year-old, known in Formula One as “Supremo,” would likely force him out of the sport he has dominated for decades as an owner, manager and public face. More worrisome for Formula One, Mr. Ecclestone’s legal troubles threaten to upend the multibillion-dollar racing circuit’s ties to major sponsors, teams and fans.

Read more on Driver’s Seat.

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