What's happened
Former Formula One boss admits to failing to declare over \\u00a3400 million in overseas assets
Why it matters
The case is significant due to the high-profile nature of Ecclestone, the large sum of money involved, and the implications for tax evasion and financial transparency.
What the papers say
The Independent emphasizes Ecclestone's guilty plea and the details of the case, while AP News provides additional context on Ecclestone's history and the allegations against him.
How we got here
Ecclestone was due to stand trial next month but made a surprise appearance at Southwark Crown Court in south London to plead guilty.
More on these topics
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Bernard Charles Ecclestone is a British business magnate. He is the former chief executive of the Formula One Group, which manages Formula One and controls the commercial rights to the sport, and part-owns Delta Topco, the previous ultimate parent company
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Formula One is the highest class of international single-seater auto racing sanctioned by the Fédération Internationale de l'Automobile and owned by the Formula One Group.