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SBD Global/November 14, 2012/People and Pop Culture

CVC Has Scudamore On List Of Possible Candidates To Succeed Ecclestone

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Premier League CEO RICHARD SCUDAMORE is "understood to be high on a list of potential candidates" to succeed F1 CEO BERNIE ECCLESTONE, according to Charles Sale of the London DAILY MAIL. Ecclestone is 82 and subject to demands from German bank BayernLB for around £250M ($397M) in damages and "threats of prosecution over an alleged bribe." F1's largest shareholder, CVC, said that they are "not yet looking for a replacement" for Ecclestone but have drawn up a list of those they would approach if he is forced to stand down or decided to do so. Scudamore is said to be one of the names on the list. Scudamore's "stock in the sports industry is high" with the EPL on course to collect £5B ($8B) from its global TV rights. But it will need a "considerable offer to tempt Scudamore away, especially with the promise of a multi-million pound bonus for his TV work, payable over three years, to be decided by a remuneration committee next June" (DAILY MAIL, 11/12).
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