Ecclestone to face bribery charges
16 January 2014 – Bernie Ecclestone, President and CEO of Formula One Management (FOM), will be tried on bribery charges relating to an alleged corrupt payment, a German court ruled on Thursday morning.
Judges in Munich had been debating as to whether the 83-year-old should face trial over the secret transfer of $44m (£27m) to German banker Gerhard Gribkowsky, who was involved in organising Formula 1's sale.
Sources also claim that Ecclestone will step down from the board of current Formula 1 owners CVC Capital Partners for the duration of the trial, but he is set to remain in charge of the day-to-day running of the sport.
A court statement said dates for the trial have not yet been set, but it is expected to start at the end of April.
Ecclestone already faces a £90 million civil claim in London's High Court, initiated by German media company Constantin Medien. The firm has argued that it was financially damaged when the sport was sold in 2006.