News Details

'Bernie afraid of losing grip on F1'

Munich prosecutors believe F1 boss Bernie Ecclestone allegedly bribed a German banker because he was afraid of losing his grip on the racing series. The charges released 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. Ecclestone acknowledged during Gribkowsky's trial that he made the payment to avoid being...
Full Story »
1y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Ecclestone was afraid of losing grip as Formula 1 big...

Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP...
1y ago from GrandPrix247.com

Ericsson losing half a second in weight

Marcus Ericsson has revealed he is losing half a second per lap to...
1y ago from Crash.net

April starts with a bang for Formula One

Everybody expected April to be a crucial time for Formula One. It was the...
1y ago from F1Pulse.com

Bernie quietens talk of team buy-in

The F1 teams won't be getting their hands on the sport any time soon as...
1y ago from PlanetF1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Moto3 #StatAttack: Indianapolis GP

All of the crucial Moto3 stats and figures you need to impress your...
20h ago from MotoGP.com

Rossi smashes another record

Current MotoGP World Championship leader Valentino Rossi has broken Angel...
2d ago from MotoGP.com

Lorenzo visits Brazil ahead of Indianapolis

Jorge Lorenzo attended a Yamaha event in Brazil as ambassador of the new...
21h ago from MotoGP.com

Back to business as Moto2 return to America

Rabat ready to fight after recovering from injury, but can Zarco be...
21h ago from MotoGP.com

Popular On IndyCarToday.com

MILLER: Let's call it 'Sage Gate'

Let's call it "Sage Gate" for lack of a better name but let's...
10h ago from Racer.com

IndyCar: CFH hopes to retain Newgarden

The CFH Racing team has become a regular threat during its first season...
9h ago from Racer.com

Poll results: What type of person should replace...

Here are the results to our latest poll question: What type of individual...
11h ago from Racer.com

Rahal scores blistering win as Montoya stumbles

Hometown hero Graham Rahal has scorched to the finest win of his career...
1d ago from SpeedCafe.com

Popular On TotalWRC.com

First RX content pack hits Dirt Rally

From the press release, published today: From today, owners of DiRT Rally...
10h ago from WorldRallyBlog.c...

Capito hails Latvala, Anttila the Kings of Speed

Volkswagen boss Jost Capito has hailed Jari-Matti Latvala and co-driver...
18h ago from Crash.net

Ogier closes on title number three

Win could come at the next round in Germany
16h ago from WRC.com

Latvala hatched Ouninpohja plan

Friday’s rollercoaster 34.39km stage, regarded as the sport’s biggest...
20h ago from WRC.com

Popular On GunnersToday.com

Jack Wilshere faces three weeks injured as new season...

Arsenal have been dealt a blow with the news that Jack Wilshere will miss...
1h ago from SportsMole.co.uk

Borussia Dortmund Determined To Keep Hold Of Arsenal...

It has been reported that Borussia Dortmund boss Thomas Tuchel insists he...
4h ago from Nastytackle.com

Ismael Bennacer Explains Choosing Arsenal Over Man City

It has been reported that Ismael Bennacer is happy with his move to...
6h ago from Nastytackle.com

Mikel Arteta: Ruthless Arsenal have what it takes to...

GETTY TIME TO KICK ON: Arteta has called on Arsenal to be ruthless this...
5h ago from DailyStar.co.uk

Comments

comments powered by Disqus

Hottest News

Alonso lauds beautifully balanced McLaren

Fernando Alonso says he is excited at what the... Read More »
16h ago from Crash.net

Lewis Hamilton heads into summer break

Defending world champion, Lewis Hamilton took to... Read More »
9h ago from ThisIsF1.com

Sauber F1 eyes Renault engine switch for 2016

Sauber could be set for a change of engine... Read More »
21h ago from ThisIsF1.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.