Alonso crash saga 'weird' - Villeneuve

'It's a story that leaves me a bit confused,' says former F1 driver Jacques Villeneuve who's joined a number of pundits and fans baffled by Fernando Alonso's crash.

SA-bound R8 to be unleashed at Geneva

Audi's second-generation R8 will make its debut at the 2015 Geneva auto show. The new V10-powered R8 will arrive in South Africa in 2016! GALLERY

Corruption: Todt backs Bernie

2013-06-01 08:10

FRIENDS IN HIGH PLACES: FIA president Jean Todt has backed Bernie Ecclestone (above) as the latter is preparing to be prosecuted for corruption. Image: AFP

PARIS, France - International Automobile Federaton president Jean Todt has backed F1 supremo Bernie Ecclestone, as German prosecutors prepare to charge the F1 chief executive for corruption.

It has been suggested Ecclestone will step down if he is charged or convicted but Todt has been quoted by DPA as saying: "He has every right to his job and he does it very well. He is also employed by CVC (sport's owners), so it is their decision."

'UP TO SPEED'

Todt might be standing firm with Ecclestone due to the turmoil the 82-year-old's departure would create. Paul Stoddart, former Minardi racing team owner, told Bloomberg News it could take years for Ecclestone's successor to "get up to speed".

"CVC is between a rock and a hard place," he said.  "If Bernie Ecclestone were forced to stand down,the Concorde Agreement (the legal backbone of F1) would be thrown into complete turmoil."

Ecclestone's legal troubles in Germany are believed also to be holding up CVC's plans to float F1 on the stock market.

CVC's Donald Mackenzie said: "Although the IPO market is better than it was a year ago,the company still has a few issues to sort out. It might happen this year (2013) or next but we're not in a big rush."


NEXT ON WHEELS24X
Read more on:    jean todt  |  bernie ecclestone  |  paris  |  formula 1

Read Wheels24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Inside Wheels24

Jerez: First glimpse of '15 F1 potential

The F1 world got its first glimpse of the 2015 field as many teams tested new cars, and in some cases new drivers, ahead of the first race of the season in March.

There are new stories on the homepage. Click here to see them.