Todt backs Ecclestone amid corruption charge
He has every right to his job and he does it very well - Jean Todt
May 31 (GMM) FIA president Jean Todt has backed Bernie Ecclestone, as German prosecutors prepare to charge the F1 chief executive for corruption.
It has been suggested Ecclestone will be stepped down by the sport's owners CVC if he is charged or convicted.
"He is also employed by CVC, so it is their decision," the Frenchman added.
Todt might be standing firm with Ecclestone due to the turmoil the 82-year-old's departure would create.
Paul Stoddart, the former Minardi owner, told Bloomberg it could take years for Ecclestone's successor to "get up to speed".
"CVC is between a rock and a hard place," he said. "If Bernie Ecclestone was forced to stand down, the Concorde Agreement would be throw into complete turmoil."
For the moment, Ecclestone's legal troubles in Germany are believed to be holding up CVC's plans to float F1 on the stock market.
"Although the IPO market is better than it was a year ago, the company still has a few issues to sort out," CVC's Donald Mackenzie admitted to PA Sport news agency.
"So it may happen this year, it may be next year, but we're not in a big rush."
Share Or Save This Story
The season is still very long - Rosberg
Jules Bianchi's father speaks of family's continued hopes
Sauber under no illusions about constructors' position
Red Bull confident of winning fuel flow appeal
From the Guardian: Daytona date is just reward for 'adrenaline junkie' Katherine Legge
Teams should solve their financial problems - Mateschitz
Alpine may be F1’s best ‘worst team’ of all time
Alonso showed championship credentials in first F1 race - ex-Minardi boss
Top 10 Minardi F1 drivers ranked: Alonso, Webber, Badoer and more
Adrian Newey hopes Aston Martin upgrades keep Fernando Alonso "in the cockpit for another season"
Could Max Verstappen mount a title challenge? "We still have too many issues"
"Slowed down overnight": Rivals show sympathy for AMG frustration
Video: Noah Gragson retaliates against Cody Ware; Todd Gilliland vs. 23XI at Sonoma
How Arvid Lindblad has shown that he's found his feet in F1
Why F1's engine-upgrade picture is becoming ever more ludicrous
George Russell claimed a much-needed win in Austria, but could Max Verstappen - or Kimi Antonelli - have won?
What were Antonelli’s chances of starting on the front row in Austria without his yellow-flag blunder?
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
Top Comments