Bernie Ecclestone guilty of fraud; Rich Energy CEO launches takeover bid

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It's been an extremely busy day of F1 news, though not much of it concerns what's happened on the track...

Former F1 supremo Bernie Ecclestone was in court on Thursday, while Rich Energy CEO William Storey was also in the headlines for a different reason.

Former F1 boss Bernie Ecclestone was in court on Thursday charged with fraud, after failing to disclose £400m worth of assets to British authorities. The club is up for sale and Storey has been pictured at the club’s Bearwood Park training facility, though Reading themselves released a statement on Thursday afternoon to clarify that no takeover deal has been completed yet.Andretti’s bid to reach Formula 1 has been approved by the FIA, but while it has yet to go through FOM, the team had a preliminary deal in place to run with Renault power until such a time Cadillac are ready to compete in the sport properly.

“You must not forget: I brought Perez into the team back then,” Marko stated to OE24 in Austria when asked about his public criticism of the Mexican. McLaren have flown up the Formula 1 pecking order after almost scrapping the concept of the MCL60 to start again after seeing how the car was shaping up in Bahrain testing, with huge upgrade packages brought throughout the season.

 

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