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Mercedes welcomes Ecclestone's decision to step down
Mercedes has revealed that it is satisfied with Bernie Ecclestone's decision to resign from the board of Formula One according to an article in the City A.M. newspaper by Christian Sylt.It appears to put the brakes on rumours that the German manufacturer could pull out of F1 as a result of Ecclestone's legal predicament.Last week the state court in Munich announced that Ecclestone will be put on trial in April for allegedly paying part of a $44m bribe to German banker Gerhard Gribkowsky so that he would steer the sale of F1 in 2006 to his preferred buyer, the private equity firm CVC.In June 2012 Gribkowsky was sentenced to eight and a half years in prison for receiving the alleged bribe....
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12y ago from Pitpass.com
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