Handball In Africa Suspended Gold Coast Fined For Salary Cap Breach KCF To Monitor Riders' Biological Passports Singapore Concedes Loss To Japan ASADA Hits Back Over Player Welfare French Sports Minister Wants Ligue 1 Reduced Bill Pulver Defends Australian Rugby Osborne In Talks To Bring NFL To London WICB Seeks Meeting With BCCI F1 CEO Invited To Las Vegas To Discuss GP
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/July 19, 2013/Leagues and Governing Bodies
Formula One Owners Decide Not To Force Resignation Of CEO Bernie Ecclestone
Published July 19, 2013
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
SURVIVING THE STORM: The BBC's Andrew Benson wrote Ecclestone "has ruled Formula 1 for nearly 40 years with a combination of astuteness, cunning, sharp practice and sheer intellectual power arguably unmatched across business and sporting worlds." Can "he survive?" In the normal business world, the answer would be "no." Any CEO who is the subject of such serious criminal charges "cannot hope to hold on to his position." But this is not the normal business world, "and Ecclestone is most certainly not a normal businessman." Why? Probably "because of his remarkable achievements, his all-pervading influence in F1 and, since the sport began trading as a commodity, his success in making money for his bosses." That last attribute may yet keep him in a job, "as long as he can survive the bribery case in Munich" (BBC, 7/17).