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Bernie corruption: Merc to exit?

2013-06-03 10:18

BERNIE CORRUPTION CASE: F1 could lose Mercedes due to Bernie Ecclestone's corruption scandal. Image - AFP

Mercedes could exit Formula 1 due to the sport's chief executive Bernie Ecclestone's corruption scandal.

DPA news agency reports that, when negotiating its new Concorde Agreement terms with Ecclestone, Mercedes parent Daimler inserted an exit clause relating to corruption.

CONTRACT CLAUSE

Ecclestone is expected to face bribery charges by Munich prosecutors over his R443-million payment to jailed former banker Gerhard Gribkowsky.

Christine Hohmann-Dennhardt, a member of Daimler's board of management for integrity and legal affairs, confirmed the existence of the F1 contract clause: "We would utilise the contract terms when it is necessary."

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