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 »
2y 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...
2y ago from GrandPrix.com

Indian GP problems money related says Ecclestone

Indian GP problems money related says Ecclestone 12 March, 2014 Bernie...
2y 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...
2y ago from GrandPrix247.com

Ecclestone may sell F1 stake

Ecclestone faces a court case in Germany next month Sutton Images...
2y ago from espnF1.com

Elsewhere On The Network

Popular On MGPToday.com

Dovizioso “not obsessed” with breaking MotoGP...

Andrea Dovizioso says that taking a first win in MotoGP since 2009 would...
3h ago from Motorsport.com

Moto2: Who the hell is Luca Marini?

It’s not always the step up in racing to be a member of one of the...

MotoGP: Final video of Rossi series released

Monster Energy have released the final video in their five-part series...

Bradl to exit MotoGP at the end of 2016

– Stefan Bradl has confirmed that he will leave MotoGP at the end...
6h ago from GPUpdate.net

Popular On IndyCarToday.com

Target to end its Ganassi IndyCar sponsorship

Target is withdrawing from IndyCar at season’s end, after 27 years on...
4h ago from Motorsport.com

Robin Miller's Mailbag for July 27, presented by Honda...

Page 1 of 8 Welcome to the Robin Miller Mailbag as presented by Honda...
5h ago from Racer.com

INDYCAR: Target out after 2016

One of the longest serving sponsors in IndyCar racing is on the way out,...
4h ago from Racer.com

INDYCAR: Andretti Indy Lights drivers to test at...

Andretti Autosport's three Indy Lights drivers will all take part in the...
2h ago from Racer.com

Popular On TotalWRC.com

Title-chasing trio head Finland WRC 2 battle

Title-chasing trio headFinland WRC 2 battle The high-speed roads of Neste...
6h ago from WRC.com

Rautiainen on Finland’s unique co-driving test

Rautiainen on Finland’sunique co-driving test Co-driving great Timo...
9h ago from WRC.com

Future star Nordgren joins Juniors in Finland

Newcomer takes on the Junior regulars in Finland
8h ago from WRC.com

Hyundai solves Sordo crash cause

Nandan confident suspension issue is sorted
1d ago from WRC.com

Popular On GunnersToday.com

Wenger confirms hunt for experienced defender is on

Arsene Wenger has stated his desire for ‘experience’ as he looks to...
36m ago from AllArsenal.com

Reports: Arsenal target Valencia centre-half as BFG...

Various reports say that Arsenal have targeted Valencia centre-half...
1h ago from News.ArseBlog.com

Five Arsenal stars set for the Emirates exit door this...

Five Arsenal stars set for the Emirates exit door this summer…...
46m ago from FootballFancast....

Ten Premier League clubs join EFL Trophy competition

Ten Premier League clubs have joined the EFL Trophy competition, while...
7h ago from SportsMole.co.uk

Comments

Hottest News

Allison and Ferrari part ways with immediate effect

The Briton's place at the team had been in doubt... Read More »
11h ago from Motorsport.com

For old time’s sake

Felipe Massa recently paid a friendly visit to... Read More »
3h ago from F1i.com

Recent News

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.