Bernie Ecclestone, the British business magnate and former chief executive of the Formula One Group, has recently made headlines for his legal troubles. Ecclestone, aged 92, pleaded guilty to fraud at Southwark Crown Court for failing to declare over £400 million held in a trust in Singapore to the Government. As a result, he received a 17-month suspended sentence and agreed to repay nearly £653 million to HM Revenue & Customs.
Ecclestone is best known for his long-standing association with Formula One, where he played a key role in shaping the sport's commercial landscape. He was instrumental in transforming Formula One into a global phenomenon and held significant control over its commercial rights. Ecclestone's career in motorsport spanned several decades, during which he became a prominent and controversial figure in the industry. His legal issues have brought further attention to his legacy and impact on the world of Formula One.