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Jun 03

Mercedes could quit over Ecclestone corruption

Mercedes parent Daimler inserted an exit clause relating to corruption

2013-05-12 - Mercedes AMG Petronas F1 Team - Spain - Dr Dieter Zetsche 04Mercedes is not ruling out quitting formula one over the Bernie Ecclestone corruption scandal.

DPA news agency reports that, when negotiating its new Concorde Agreement terms with Ecclestone, Mercedes parent Daimler inserted an exit clause relating to corruption.

F1 chief executive Ecclestone is expected to face bribery charges by Munich prosecutors over his $44 million payment to jailed former banker Gerhard Gribkowsky.

Christine Hohmann-Dennhardt, a member of Daimler’s board of management for integrity and legal affairs, confirmed the existence of the F1 contract clause.

“We would utilise the contract terms when it is necessary,” she is quoted as saying.

source: GMM