A day after our rant about Mr.E and The Guardian publishes a report that, if confirmed, spells the end of Ecclestone's incredible 40 year reign over Formula One.
CVC Capital Partners , according to an insider who spoke with the paper, will sell off much of its 35.5% controlling interest in the sport.
Decision makers at the City-based private equity firm have decided that Ecclestone, the sport’s chief executive and commercial rights holder, must go even if he wins his court case in Munich, where he is fighting bribery charges.
They are convinced that Ecclestone, who will be 84 in October, will continue to be an embarrassment, with HM Revenue and Customs likely to ask further questions about his complex tax affairs, which formed the basis of a Panorama investigation.*
In the last weeks Ecclestone has declared social media irrelevant, wished upon the demise of smaller teams and said "bye-bye" to the Italian GP after 2015.
Of course, having followed F1 long enough, I will hedge on Bernie's vampiristic ability to transcend time and hire the very cream of the lawyer crop and make a deal. Certainly he's made many people very much money along the way and that buys a lot of looks the other way.
You can read the complete article on the Guardian HERE
*the Panorama show is a must see, yo might want fuse Chrome with the Hola plug in