In seven weeks from now F1’s commercial boss Bernie Ecclestone will appear in court in Munich charged with bribery and today he has admitted that his legal challenges are distracting him from his day to day role as the CEO of Formula 1. He has also said that he is actively looking for someone to share the work load and ultimately to succeed him.
Speaking to the Financial Times, Ecclestone, 83, struck a markedly less defiant tone than he has in recent weeks when he said,
“I’ve been spending time on this [civil] case and to spend time on Munich I am not able to give what I normally would do, 24/7, to the business. I’ve been looking, over the last few years, for somebody who can join me to assist with what I have to do. I will eventually be in a position, if I decide to retire – or unfortunately become dead – to have someone to step into my shoes.”
He was also clearly still bothered by the comments of the Judge in the recently concluded civil action brought by Constantin Medien, which found in Ecclestone’s favour in that he had not conspired to lower the value of the business at the point of sale, but concluded that he was not “a reliable or truthful witness”.