CVC Capital Partners, the private equity firm that holds the commercial rights of Formula One, has confirmed it has been informed of Bernie Ecclestone's indictment on bribery charges.
Ecclestone announced on Wednesday that he had been charged by a German court in the case that relates to the sale of a F1 stake to banker Gerhard Gribkowsky of Bayern Landesbank eight years ago.
Gribkowsky was jailed for, among other things, a bribe of $44million (£28m) that he received from Ecclestone during the deal in 2005.
Ecclestone vowed to "defend it properly" adding that "it will be an interesting case".
CVC has also responded and revealed Ecclestone has six weeks to respond.
The statement read: "The Board of Formula One Group notes the following developments in Munich:
"Mr Ecclestone, CEO of Formula One Group has now received a bill of indictment, in English, from the Munich Regional Court.
"Mr Ecclestone has 6 weeks to provide a response to this bill of indictment, prior to a decision being made by the Court on opening proceedings.
"The Board will continue to monitor developments in this situation accordingly."