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Ecclestone advisor leaves F1

A long-time Bernie Ecclestone advisor walks away from F1
A long-time business partner of Bernie Ecclestone has elected to sever his ties with F1 as a result of the ongoing legal action regarding the sale of the sport.

According to a report in the Sunday Times, Stephen Mullens – who was also Ecclestone's legal advisor – tendered his resignation from seven companies that oversee the commercial aspects of the sport.

The ongoing saga regarding the sale of F1 centres around payments made to banker Gerhard Gribkowsky, who is accused of a breach of trust and tax evasion.

Ecclestone has confirmed that he made a payment to Gribkowsky but insists he isn't concerned about his position, despite the ongoing investigation in Germany.

The commercial rights holder has already been questioned by prosecutors investigating the case.


Tagged as: Bernie Ecclestone

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Tiksop - Unregistered

September 13, 2011 8:53 AM

I had a lot of time for Ecclestone in the beginning, He certainly did F1 a BIG favour and sorted it out into what it is today. BUT as with all things MONEY CORRUPTS, He's GREEDY, Unconcerened for Fans, Unconcerned for teams. Just MONEY MONEY MONEY. Who ever takes over (Ecclestone will fall IMO) must address the cost to countries for putting on the event. As Damon Hill says There's a lot of empty seats on the stands. WE are in tough times and F1 must reflect that.

elijah

September 13, 2011 9:22 AM
Last Edited 538 days ago

It is clear that in Germany, the prosecutors are up for blood over the 2005 sale of the sport,and here in London in another separate court case, the German media group Constatin Medien, a previous part owner of Formula One, alleged Mister Ecclestone and his partners under valued the racing series when it was sold for $1.7 billion. Then there is the shambolic, tainted Sky BBC sell-out. All these deals seem to have a musty smell of something wrong about them. Steven Mullens, Bernie's long-time business partner and legal adviser has left so now Bernie should follow Mullen's example and for the sake of the sport, he should leave Formula One altogether.



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