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 »
4mo 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...
4mo 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...
4mo ago from GrandPrix247.com

Prosecutors dismiss Ecclestone blackmail victim claim

Bernie Ecclestone with Gerhard Gribkowsky The pre-trial documents...
4mo 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...
4mo ago from GrandPrix247.com

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.