F1 »

King exit to kickstart F1 rumours

Once rumoured as a possible replacement for Bernie Ecclestone at the head of F1, Justin King has revealed that he is to leave his current role in July.....
Justin King's announcement that he is to stand down from his role as CEO of Sainsbury's is likely to stir old rumours that he could be headed for F1.

King, whose son Jordan currently races in F3, was being linked to motorsport's top flight less than a year ago when bribery claims against Bernie Ecclestone began to cast doubt on the 83-year old's long-standing reign, but speculation died off when he declared that he would be staying with Sainsbury's for the foreseeable future.

Now, however, King has revealed that he will be leaving the supermarket giant in early July, after ten years at the head of the company that have resulted in the brand becoming a market leader worth around £6.8bn.

"This was not an easy decision for me to make and, in truth, it will never feel like the right time to leave a company like Sainsbury's," he told the BBC.

Dismissing suggestions that he could be tempted to move over to head up the Marks and Spencer brand, King's name has already returned to F1 speculation, amid claims that he could be primed to replace Ecclestone as the man trusted to run the sport by rights holder CVC.

Waiting on the outcome of one bribery trial, bought by German media company Constantin Medien through the High Court in London, and facing other similar charges that could result in legal battles in both Germany and Switzerland, Ecclestone this month stood down from his position on the board of Delta Topco, the company running F1.

He remains in control of the sport on a 'day-to-day basis', while being subject to 'increased monitoring and control from the board'.



Related Pictures

Click on relevant pic to enlarge
29.07.2012- Race, Bernie Ecclestone (GBR), President and CEO of Formula One Management
27.11.2016 - Race, Roger Federer (SUI) tennis player and Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM
27.11.2016 - Manor Racing goup photo, Esteban Ocon (FRA) Manor Racing MRT05, Jordan King (GBR) Manor Racing, Test Driver and Pascal Wehrlein (GER) Manor Racing MRT05
27.11.2016 - Jordan King (GBR) Manor Racing MRT05, Test Driver
27.11.2016 - Esteban Ocon (FRA) Manor Racing MRT05, Jordan King (GBR) Manor Racing MRT05, Test Driver and Pascal Wehrlein (GER) Manor Racing MRT05
26.11.2016 - Qualifying, Bernie Ecclestone (GBR), President and CEO of FOM office
26.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM and Flavio Briatore (ITA)
26.11.2016 - Free Practice 3, Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Free Practice 3, (L-R) Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Piero Ferrari (ITA) Vice-President Ferrari
26.11.2016 - Bernie Ecclestone (GBR), President and CEO of FOM, Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Christian Horner (GBR), Red Bull Racing, Sporting Director
26.11.2016 - Free Practice 3, Fabiana Flosi (BRA), Wife of Bernie Ecclestone
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Bernie Ecclestone (GBR), President and CEO of FOM and Christian Horner (GBR), Red Bull Racing, Sporting Director
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Bernie Ecclestone (GBR), President and CEO of FOM and Christian Horner (GBR), Red Bull Racing, Sporting Director
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Flavio Briatore (ITA) and Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Flavio Briatore (ITA), Fabiana Flosi (BRA), Wife of Bernie Ecclestone and Bernie Ecclestone (GBR), President and CEO of FOM

Start the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2016 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.