Mercedes could quit F1 over Ecclestone bribe scandal

Bernie Ecclestone with Gerhard Gribkowsky,

Bernie Ecclestone with Gerhard Gribkowsky,

Mercedes is not denying that they may pull out of Formula One over the Bernie Ecclestone corruption scandal.

DPA news agency reports that, when negotiating its new Concorde Agreement terms with Ecclestone, Mercedes parent Daimler inserted an exit clause relating to corruption.

F1 chief executive Ecclestone is expected to face bribery charges by Munich prosecutors over his $44 million payment to jailed former banker Gerhard Gribkowsky.

Christine Hohmann-Dennhardt, a member of Daimler’s board of management for integrity and legal affairs, confirmed the existence of the F1 contract clause.

“We would utilise the contract terms when it is necessary,” she is quoted as saying.

Subbed by AJN.

(GMM)

  • Please do quit Mercedes, but Mercedes word is not worth anything!

    Mercedes acts all high and mighty but they are caught up in a cheating scandal of their own right now.

    Mercedes words are no longer credible. They have been saying this for a year now and look at them, still here and now caught cheating in the worst of ways no less.

    Please leave Formula One Mercedes.