Bernie Ecclestone has slammed reports his return to formula one’s executive board has been denied.
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Ferrari could become the first F1 team to actually own a stake in the sport, the Telegraph reports.
F1 business journalists Christian Sylt and Caroline Reid reveal that, as a non-executive director of the sport’s holding company Delta Topco, departing Ferrari president held an option to buy into F1 to the tune of about $25 million.
Bernie Ecclestone is going straight back to work after agreeing a $100 million deal to end his bribery trial in Munich.
Amid high controversy and suggestions F1’s major stakeholders and his employer CVC might not be happy with Tuesday’s news, it was confirmed that the outcome of the court proceedings is that the 83-year-old is a “free man”.