(GMM -- Dec.20) Despite losing majority control of Formula One's commercial rights, 74-year-old Bernie Ecclestone will not be ushered out of the grand prix door.
Gerhard Gribkowsky, the new chief of the SLEC board, said a trio of F1-owning banks would be 'ill-advised' to exclude the so-called 'F1 supremo' from the future set-up of Formula One.
''In the course of three decades (Bernie) has built up close ties with the industry,'' Gribkowsky - also chairman of Bayerische Landesbank - told German Der Spiegel magazine.
He added: ''You have got to recognise his lifetime achievement.''
Bernie's future role, though, will have limits, according to the SLEC chief. Gribkowsky said the banks will 'no longer (be) pushed' into taking the most risk but having 'no say' in the running of the sport.
Written: Mon, 20 Dec 2004 06:10:03
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