F1 supremo Bernie Ecclestone has been reappointed to the board of the company that runs the sport, it was announced this week.

Ecclestone stood down earlier this year after prosecutors in Germany said they would be pressing ahead with the bribery case against the 83-year-old. Ecclestone later agreed a ?60 million settlement deal, although he said he was "a bit of an idiot" for settling because "the judge more or less said I was acquitted."

CVC Capital - the sports owners - also announced that ex-Ferrari president Luca di Montezemolo has been reappointed as well.

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Paul Walsh, former CEO of drinks company Diago, was appointed as a non-executive director.

The full statement read:

"CVC, the controlling shareholder of the Formula One Group, today announces three appointments to the Board of the Formula One Group.

"Luca di Montezemolo and Paul Walsh have been appointed as Non Executive Directors, with effect from 1st January 2015.

"Luca di Montezemolo was previously Chairman of Ferrari, a position he held from 1991 until 2014. Mr di Montezemolo previously served as a Non Executive Director of the Formula One Group between 2012 and 2014 in his prior capacity as the representative of Ferrari.

"Paul Walsh was formerly CEO of Diageo plc, the global leading drinks business, from 2000 to 2013. He is currently Chairman of Compass Group, as well as a Non Executive Director of FedEx Corporation and Unilever plc.

"Bernie Ecclestone has been reappointed to the Board and will continue as CEO of the Formula One Group.

"Peter Brabeck-Letmathe will continue to serve as Chairman of the Board."