News Details

Ecclestone was afraid of losing grip as Formula 1 big boss

Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP weekend Munich prosecutors believe Formula One boss Bernie Ecclestone allegedly bribed a German banker because he was afraid of losing his grip on the racing series. The charges released on Monday allege Ecclestone paid banker Gerhard Gribkowsky about $44 million so the Formula One Group would be sold to a buyer acceptable to Ecclestone. Gribkowsky was in charge of selling BayernLB's 47 percent stake in F1 to CVC Capital Partners in 2005. He has already been found guilty of corruption, tax evasion and breach of trust and is serving an 8½-year prison sentence. Ecclestone's trial is set to start April 24 in Munich....
Full Story »
1y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Ecclestone reveals a group of teams seeking to buy...

Bernie Ecclestone Formula 1 supremo Bernie Ecclestone on Wednesday...
1y ago from GrandPrix247.com

Ecclestone says paid Formula 1 app to be released in...

Ecclestone says paid Formula 1 app to be released in June 10 April, 2014...
1y ago from GrandPrix247.com

Prosecutors dismiss Ecclestone blackmail victim claim

Bernie Ecclestone with Gerhard Gribkowsky The pre-trial documents...
1y ago from GrandPrix247.com

Ecclestone suggests a super GP2 might be the way...

Ecclestone suggests a super GP2 might be the way forward 8 April, 2014...
1y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MotoGPToday.com

MotoGP Silverstone: Kent considering two MotoGP deals

Kent has a brace of MotoGP contracts on his desk, as well as one for Moto2
12h ago from BikeSportNews.com

Lorenzo Determined to Continue Momentum

Jorge Lorenzo has stressed he is taking nothing for granted despite...

Rossi: 'I Need to Go Faster' at Silverstone

Valentino Rossi admits he needs to raise his game to remain in contention...

Riders comment on Kent s proposed MotoGP jump

Moto3 championship leader Danny Kent has said that he expects an...
12h ago from Crash.net

Popular On IndyCarToday.com

Servià to drive Wilson's car at Sonoma

– Oriol Servià will drive Justin Wilson's Andretti car at this...
1h ago from GPUpdate.net

The a Double-edged Sword of Familiarity

"We dodged a bullet"... How many times in the last couple of...

Golden Gate Bridge IndyCar motorcade for Wilson

Marco Andretti will lead a motorcade of IndyCars across San Francisco’s...
1d ago from SpeedCafe.com

Wilson tragedy sparks calls for safety review

Calls for IndyCar to lead the way in better head protection for drivers...
8h ago from SpeedCafe.com

Popular On TotalWRC.com

Loeb says WRC return not in his plans

Sebastien Loeb says that a return to the WRC is not part of his plans,...
17h ago from Motorsport.com

Germany driver report: Part two

Thierry Neuville (Hyundai i20)This was a strong event for Neuville...
16h ago from WRC.com

F1 ace Jenson Button tests Mini and VW Beetle...

Formula 1 star Jenson Button tested rallycross cars at Lydden Hill today...
1d ago from Motorsport.com

Meeke vows to eliminate errors

Citroen's Kris Meeke has vowed to keep working to eliminate the errors...
14h ago from Crash.net

Popular On GunnersToday.com

Wenger Unhappy By Per Mertesacker's Reluctance To Use...

It has been revealed that Arsenal manager Arsene Wenger has been left...
1h ago from Nastytackle.com

Spanish giants plot £45m move for Arsenal and Man...

Real Madrid are believed to be interested in signing Arsenal and...

Arsenal Launching Bid For Bayer Leverkusen Midfielder...

Reports are out claiming that Arsenal are preparing a major bid for Bayer...
4h ago from Nastytackle.com

Roma Reject Aston Villa Bid For Ex-Arsenal Winger...

It has been reported that Aston Villa have failed with a bid for Roma...
5h ago from Nastytackle.com

Comments

comments powered by Disqus

Hottest News

Finally, someone talking sense about Daniil Kvyat

With all the talk about how good plucky teen Max... Read More »
5h ago from Formula1Blog.com

Red Bull driver changes 'a year away'

Red Bull are set to retain the same line-up for... Read More »
2h ago from PlanetF1.com

More of the 'same' in Italy for Lotus

Having achieved their first podium of the season... Read More »
1h ago from PlanetF1.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.