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

Sachsenring ready for fireworks in MotoGP title battle

Valentino Rossi heads to the Sachsenring for the GoPro Motorrad Grand...
1d ago from MotoGP.com

Poncharal: Right now, I d keep Smith and Espargaro

If Monster Yamaha Tech 3 team boss Herve Poncharal had to decide his 2016...
21h ago from Crash.net

Toba in the battle for the podium at Aragon

It was a good performance from the Asia Talent Team in the FIM CEV Repsol...
18m ago from MotoGP.com

Corti to replace Bradl for Sachsenring MotoGP

Forward Yamaha’s Stefan Bradl will miss this weekend’s Sachsenring...
20h ago from BikeSportNews.com

Popular On IndyCarToday.com

Power penalised for Fontana incident

– Will Power has been fined $25,000 and placed on probation for the...
4d ago from GPUpdate.net

IndyCar: 'Insane' race spurs critics, supporters

Several leading IndyCar drivers including Juan Pablo Montoya, Will Power...
1w ago from Racer.com

IndyCar Power fined $25k; Vautier $10K, Rahal $5k...

The Verizon IndyCar Series has informed its teams of the penalties...
5d ago from Racer.com

2016 IndyCar season to be longer, Road America may...

IndyCar is expecting a stronger schedule for next season, which will last...
5d ago from Motorsport.com

Popular On TotalWRC.com

Ogier: Tyre error almost tripped me up

Rally Poland victor worried about tyre slip-up
11h ago from WRC.com

To China or not to China, WRC ponders

First of, this could get a little long and a little incoherent… I...
13h ago from WorldRallyBlog.c...

Toyota's WRC project, are you OK?

Please allow me to pull out the basic facts, or at least what looks like...
19h ago from WorldRallyBlog.c...

Idris Elba takes to the stages

Rally the focus of a new television series
1d ago from WRC.com

Popular On GunnersToday.com

Pedro 'to snub Premier League move and fight for his...

Barcelona winger Pedro has reportedly decided against leaving the Camp...
1h ago from SportsMole.co.uk

Arsenal Target Ilkay Gundogan Refuses To Rule Out Move...

It has been reported that Borussia Dortmund midfielder Ilkay Gundogan...
2h ago from Nastytackle.com

Backroom additions continue & Arteta signs new deal

Morning all, we managed to get through yesterday without a single...
1h ago from Arseblog.com

Report: Alexis Sanchez expected to miss start of new...

Arsenal forward Alexis Sanchez will miss the beginning of the Premier...
5h ago from SportsMole.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.