F1: I'm Staying But Mosley's Going Says Ecclestone

Formula 1

F1: I’m Staying But Mosley’s Going Says Ecclestone

The boss of F1's commercial rights owners CVC has denied reports the company is considering ousting Bernie Ecclestone...

SPEED Staff / GMM | Posted July 13, 2009 GMM Newswire

I'm Staying But Mosley's Going Says Ecclestone (LAT Photo)

The boss of F1's commercial rights owners CVC has denied reports the company is considering ousting Bernie Ecclestone as chief executive.

Managing partner Donald MacKenzie said a meeting last week to discuss the 78-year-old's position did not take place as reported.

"To suggest that his position is in doubt is incorrect," he insisted.

To the Daily Telegraph, Ecclestone also denied the rumors, insisting they must have originated "from a malicious source".

A source, however, said meetings did take place in London regarding Ecclestone in the middle of last week, also involving lawyers from the FOTA teams. The Telegraph said multiple other sources report the same information.

Instead, Ecclestone insists the sport's long-running political feud is nearing its end -- probably on Wednesday, when all parties are hoping to sign a Concorde Agreement.

"I'm sure then he (Max Mosley) will take his holiday and not stand for re-election. He would have no reason to stay," said the Briton.

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