On the eve of a trial that could send the sport’s long time boss Bernie Ecclestone to jail, Formula 1 is having to look into its future.
If convicted of bribery in Munich, the Formula 1 chief executive could even be jailed.
But if found guilty and not jailed, he would surely nonetheless fall foul of the sort of strict corporate compliance rules that groups like Mercedes parent Daimler adhere to.
“We hold ourselves to that [code of conduct] also,” Mercedes motorsport top man Toto Wolff said on Wednesday.
For the moment, Ecclestone is presumed innocent. But his predicament – with judges in two countries having already found that he paid a bribe – is forcing Formula 1 to look into its future.
“Of course we are thinking about the future of Formula 1,” Austrian Wolff told the business newspaper Handelsblatt. “We have to.
“After Ecclestone there would be, I suspect, a management team (to run the sport),” he explained.
“It would be a normal management board, as per any other large company,” Wolff added.
However, it has been reported that some of Formula 1’s most powerful participants – like Mercedes, Ferrari and Red Bull – might also push to take over the sport themselves.
However,Wolff insists: “Right now that is not on the agenda.” (GMM)
Subbed by AJN.