This is the best summary I could come up with:

Former Formula One boss Bernie Ecclestone has pleaded guilty to fraud at Southwark crown court after failing to declare more than £400m of overseas assets to the UK government.

Ecclestone had pleaded not guilty to the charges in August, but changed his plea at a case management hearing on Thursday.

Ecclestone ran Formula One from the late 1970s until January 2017, a position that made him one of the most prominent people in global motorsport.

He was accused of fraud by false representation after allegedly failing to declare the existence of a trust in Singapore.

More to details to follow …

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