The CVC Group has responded to today’s news of Bernie Ecclestone’s indictment in Germany over the Gribkowsky affair.
Tonight it issued a short statement in essence acknowledging that the process is underway. It also made it clear that Ecclestone has six weeks to respond – the implication being that while it will “monitor” the situation, it won’t be taking any short term action.
The statement read as follows:
The Board of Formula One Group notes the following developments in Munich:
Mr Ecclestone, CEO of Formula One Group has now received a bill of indictment, in English, from the Munich Regional Court.
Mr Ecclestone has 6 weeks to provide a response to this bill of indictment, prior to a decision being made by the Court on opening proceedings.
The Board will continue to monitor developments in this situation accordingly.
Adam Cooper F1 
LdM has said several times that Ecclestone must stand down if he is charged. If Ferrari feel that their brand is being damaged they’ll pressure CVC to get rid of Ecclestone even if CVC wants to keep him. What LdM says in the next few weeks may determine Ecclestone’s future.
I think Bernie will still be in the paddock, not only for the 6 weeks while responding to the indictment but even if he goes to trial. His position will be I’m innocent until proven guilty. You do raise a good point about “commercial image” damage for F1, teams, brands etc.
Max was considered a pariah with his scandal and had to be told to stay out of the paddock…..will the same be said to Bernie?
Doesn’t look good for him, a defense of “I was blackmailed it was not a bribe”