(GMM) A trio of F1-owning banks appear primed to make 'management' changes.
Having won power in a settlement with 'impresario' Bernie Ecclestone, a spokesman for Bayerische Landesbank confirmed the speculation in a Bloomberg report.
''(They) are ... about to sort out how they want to run their business,'' motorsport director for BMW - among a group threatening to leave F1 - added.
But Sir Frank Williams allayed fears that Ecclestone, 74, is likely to be removed as chief executive. ''I expect they'll want Bernie to represent them,'' he insisted.
Bernie, meanwhile, earlier told UK's 'Independent' newspaper that the banks 'don't get on' with one another.
He said: ''There is a level of mistrust.''
Written: Wed, 27 Apr 2005 11:22:54
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