Apr.11 (GMM) 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.

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