Ecclestone trims role at F1 pending German bribery trial
Published on Jan 17, 2014 7:06 AM
BERLIN (AFP) - Formula One commercial boss Bernie Ecclestone said on Thursday he would diminish his role in the group's operations pending the outcome of a bribery trial set to start in April.
The mop-topped 83-year-old motor-racing magnate was charged last July in relation to a US$44 million (S$56 million) payment he made to former German banker Gerhard Gribkowsky, which was linked to the sale of the Formula One championship rights in 2006.
"According to current plans, the trial is set to start at the end of April," the regional court in the southern German city of Munich said in a statement.
The diminutive tycoon, who turned Formula One racing into one of the world's most profitable sports events, has repeatedly denied he did anything wrong.
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