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

Lorenzo: My first enemy is myself

Jorge Lorenzo admits that the biggest obstacle standing between him and a...
10h ago from Motorsport.com

Ducati to test in Spain as they look for more grip

With Ducati having skipped the post Jerez test the Italian team will...
16h ago from MotorcycleNews.c...

Bautista pleased with Aprilia seamless

Alvaro Bautista gave Aprilia's new seamless gearbox its first public...
14h ago from MotorcycleNews.c...

Mattia Pasini returns for Moto2 test in Aragon

Former 125cc, 250cc, Moto2 and MotoGP rider Mattia Passini is testing in...
13h ago from MotoGP.com

Popular On IndyCarToday.com

Shortened Monaco track good for fans, says Di Grassi

Lucas di Grassi believes that the shortened version of Monaco in use for...
14h ago from Motorsport.com

IndyCar: Series mandates new aero kit component

Related Stories Related Stories IndyCar IndyCar: Ganassi team reveals new...
9h ago from Racer.com

De Silvestro seals IndyCar return with Andretti

– Simona de Silvestro will return to IndyCar with Andretti...
17h ago from GPUpdate.net

IndyCar: Series set to introduce LED position lights

After testing a LED car position system during Spring Training in March...
1d ago from Racer.com

Popular On TotalWRC.com

Endurance to the fore in Sardinia

Italy’s round features longest leg in modern day WRC
11h ago from WRC.com

The Rising Star of Daniel McKenna

The opening round of the 2015 FIA Junior World Rally Championship, Rallye...
14h ago from TheCheckeredFlag...

RX: Guy Wilks joins JRM Racing for Lydden Hill

Two-time British Rally champion Guy Wilks is set to enter the British...
14h ago from Crash.net

Prokop's race against time for Portugal car

Developed by M-Sport, the new car will make its eagerly anticipated debut...
14h ago from WRC.com

Popular On GunnersToday.com

13 ongoing transfer sagas and how they'll end this...

This season has typically seen a number of top players across Europe...
4h ago from CaughtOffside.com

Valencia Closing In On Arsenal Target Zakaria Bakkali

It has been reported that Valencia are in advanced talks to land PSV...
4h ago from Nastytackle.com

EXCLUSIVE: Aaron Ramsey DOUBTFUL for clash with Swansea

BRUISED LEG: Ramsey could miss his side's match against Swansea [GETTY]...
4h ago from DailyStar.co.uk

Report: Arsenal to use Joel Campbell in makeweight to...

Arsenal will reportedly use Joel Campbell as a makeweight in a deal to...
1h 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.