Ecclestone confirms McNally set to retire

F1’s advertising supremo Paddy McNally is retiring, Bernie Ecclestone has confirmed.

Late last year, the sport’s chief executive Ecclestone appointed David Campbell to "help" 72-year-old McNally with running the trackside advertising company Allsport and the Paddock Club.

"Paddy thinks someone younger should take over," confirmed 80-year-old Ecclestone to the Daily Mail. "He is one of the founding fathers of the modern grand prix set-up."

McNally is also one of the richest men in Britain.