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Formula One: Ecclestone returns to F1 board

Dunya News

The 84-year-old F1 supremo's reappointment was confirmed by F1's official Twitter account.

PARIS, Dec 19, 2014 (AFP) - Formula One s commercial ringmaster Bernie Ecclestone has rejoined the board of the Formula One group which runs the sport after stepping down to fight his bribery case in Germany.

The 84-year-old F1 supremo s reappointment was confirmed by F1 s official Twitter account on Friday.

Ecclestone, who has run Formula One since 1978, was joined on the board - as non-executive directors - by former Ferrari chairman Luca di Montezemolo and Paul Walsh, former CEO of drinks giant Diageo.

In August, Ecclestone settled his bribery case after arranging a controversial $100 million (75-million-euro) payment.

Ecclestone went on trial in April on charges of paying a $44-million bribe to a Bavarian state bank executive for help in maintaining his four-decade grip on F1.

A settlement is allowed in German criminal cases if the prosecution, the aggrieved parties and the court agree.