FT – Formula One chief Ecclestone set to hear of German court date
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“Formula One is expecting German prosecutors to announce formal court proceedings against Bernie Ecclestone as soon as Thursday, a move that is expected to trigger the chief executive standing down as a director.
Peter Brabeck, chairman of the F1 board, will almost certainly convene a meeting of directors immediately, at which the board is expected to agree a plan thought to have been suggested by Mr Ecclestone himself that he stand down as a director but carry on as chief executive.”
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