Ross Brawn has escaped a driving ban for speeding at more than 100mph on a dual-carriageway in May.
The Brawn GP boss admitted to driving more than 30mph over the 70mph limit in his Mercedes on the A30 at Sourton, near Okehampton in Devon, the 54-year-old saying he was late for an appointment after being held up by traffic.
Brawn did not appear at Plymouth Magistrates’ Court on Friday and was represented by his lawyer Denis Brennan.
Mr Brennan told the court that Brawn acknowledged he risked a driving ban and that his client accepted guilt for the offence.
''He does accept that on the issue of culpability he drove intentionally at speed,” Brawn's lawyer was quoted as saying by The Daily Telegraph newspaper.
“He is aware that he can expect to be disqualified.
“The traffic was light. He fully co-operated with the police. He apologises.''
Magistrates fined Brawn £700, with £75 costs, and had six points put on his licence.
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