A sports magnate credited with bringing Formula One to China has been jailed for four years for corruption, according to Chinese media.Yu Zhifei, ex-manager of the Shanghai International Circuit, was convicted of embezzling more than 1m yuan (�69,500; $137,500) during the late 1990s.
The charges related to his time as head of Shanghai Shenhua Football Club.
He is one of a number of the city's top officials arrested and expelled from the Communist Party for corruption.
Read More
