News Details

Ecclestone regrets paying $44m to jailed banker

Bernie Ecclestone has revealed that he regrets making a $44m payment, which German prosecutors believe was a bribe, according to an article in the Express by Christian Sylt.The payment was made by Ecclestone and his family's Bambino trust to Gerhard Gribkowsky, former chief risk officer at German bank BayernLB. Gribkowsky was responsible for selling BayernLB's 47.2% stake in F1 in 2006 and German prosecutors believe he was bribed to sell to the private equity firm CVC as it had agreed to retain Ecclestone as the sport's chief executive.In 2012 Gribkowsky was sentenced to eight and a half years in prison in Munich for receiving the alleged bribe and next month Ecclestone is due to be put on...
Full Story »
1y ago from Pitpass.com 0
Share

You May Also Be Interested In...

India GP problems money related says Ecclestone

The promoter of India's beleaguered formula one race breached its...
1y ago from GrandPrix.com

Indian GP problems money related says Ecclestone

Indian GP problems money related says Ecclestone 12 March, 2014 Bernie...
1y ago from GrandPrix247.com

Ecclestone prepared to sell his Formula 1 shares in...

Bernie Ecclestone has revealed that he will sell his 5.3 % stake in...
1y ago from GrandPrix247.com

Ecclestone may sell F1 stake

Ecclestone faces a court case in Germany next month Sutton Images...
1y ago from espnF1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Finland’s Kymi Ring to bid for MotoGP, shun F1

Finland could be added to the MotoGP World Championship schedule as early...
1h ago from Crash.net

Rossi off to best start since 2009

It's six years since Valentino Rossi last led the world championship...
19h ago from MotorcycleNews.c...

Title contenders look forward to Jerez

The Spanish Grand Prix at Jerez looks set to be one of the key milestones...
19h ago from MotorcycleNews.c...

Marquez on track with his fans

The MotoGP world champion lets off steam on track with some of his most...
21h ago from MotoGP.com

Popular On IndyCarToday.com

IndyCar: Age and experience leading the way so far in...

Don't miss a thing at the Honda Indy Grand Prix of Alabama. Get the new...
14h ago from Racer.com

IndyCar: Honda teams seek 'sweet spot'

Don't miss a thing at the Honda Indy Grand Prix of Alabama. Get the new...
20h ago from Racer.com

Regalia will not race with Comtec at Aragon

Facu Regalia will not be racing in the opening round of the Formula...
1d ago from Motorsport.com

Three IndyCar teams fined after Long Beach

KV, Foyt and CFH hit with penalties. INDYCAR announced the following...
2d ago from Motorsport.com

Popular On TotalWRC.com

Citroen Lead The Way After Day 2 In Argentina

The rough stages that made up day 2 of the 2015 XION Rally Argentina,...

Latvala won't try to catch Meeke

After suffering a transmission fault on his Volkswagen Polo R WRC and...
3h ago from EuroSport.com

Meeke with good lead in Argentina

Kris Meeke completes the first full day of Rally Argentina with a...
13h ago from Crash.net

SS3: Latvala slashes Meeke's lead

SS3: Latvala slashesMeeke's lead Jari-Matti Latvala climbed into second...
19h ago from WRC.com

Popular On GunnersToday.com

Tottenham surprise contenders to sign Barcelona winger...

Tottenham Hotspur are interested in signing Barcelona winger Pedro in the...
1h ago from CaughtOffside.com

Olivier Giroud surprised by Arsene Wenger's touchline...

Olivier Giroud has admitted that he was surprised by Arsene Wenger's...
3h ago from SportsMole.co.uk

Arsenal vs Chelsea: match preview of the Premier...

Where can I watch the game and when does it start? The Premier League...
3h ago from Telegraph.co.uk

Arsenal transfer news and rumours: Paris Saint-Germain...

Arsenal Arsenal are facing a battle to sign the Chelsea goalkeeper Petr...
2h ago from Telegraph.co.uk

Comments

comments powered by Disqus

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.