CVC Says F1 Board Monitoring Ecclestone Situation

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The CVC Group – the company behind F1 – has responded to Wednesday’s news of ’s indictment in Germany.

Wednesday night it issued a short statement in essence acknowledging that the process is under way, and making it clear that Ecclestone has six weeks to respond.

The statement read as follows:

The Board of Formula One Group notes the following developments in Munich:

Mr Ecclestone, CEO of Formula One Group has now received a bill of indictment, in English, from the Munich Regional Court.

Mr Ecclestone has 6 weeks to provide a response to this bill of indictment, prior to a decision being made by the Court on opening proceedings.

The Board will continue to monitor developments in this situation accordingly.