David Campbell’s short-lived role in Formula One netted him about $10 million, it has emerged.
Famous for transforming London’s O2 Arena, Campbell was appointed by Bernie Ecclestone last year to succeed trackside advertising company Allsport and the Paddock Club’s retiring Paddy McNally. But earlier this year, a source was quoted by the Independent: “Bernie wanted to take the business in a different way, and that wasn’t the basis on which we hired David.”
The Telegraph now reports that Campbell has however retained a 0.1 per cent stake in F1’s Delta Topco parent company.
Journalists Christian Sylt and Caroline Reid cited a source close to the situation as confirming that even though Campbell worked in F1 for less than a year, he is allowed to keep his stake, which is worth about $10 million.
“There is no suggestion that Mr Campbell waited until he had secured the shares until he resigned,” Sylt and Reid wrote.