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 »
10mo 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...
10mo ago from GrandPrix247.com

Ericsson losing half a second in weight

Marcus Ericsson has revealed he is losing half a second per lap to...
10mo 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...
10mo 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...
10mo ago from PlanetF1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Michelin: Elbow style to stay in 2016

MotoGP riders will continue dragging their elbows through corners,...
23m ago from Crash.net

Improving GP15 impresses Iannone

Ducati's new GP15 has already received rave reviews since its launch,...
3h ago from SuperSport.com

Rossi: New Ducati fast , tyre rule unfair

After witnessing the new GP15's initial laps at last week's Sepang MotoGP...
1d ago from Crash.net

'Catalunya Moto' exhibition opens to the public

The exhibition, which runs from March 3 until October 25, celebrates the...
13h ago from MotoGP.com

Popular On IndyCarToday.com

Ed Jones and Carlin Racing Shine at Soggy Barber Test

Indy Lights Presented by Cooper Tires made the prudent decision to...

IndyCar: Teams take delivery of aero kits ahead of...

Teams aligned with either Chevrolet or Honda have taken delivery of the...
9h ago from Racer.com

IndyCar vs. action motorsports – a retraction

RACER.com has removed a story that appeared yesterday (Friday 02/27)...
1d ago from Racer.com

Testing IndyCar's aero kits with Tony Kanaan

Tony Kanaan spoke in an interview with Motorsport.com about his time...
1d ago from Motorsport.com

Popular On TotalWRC.com

Slow starters could clean up in Mexico

Mexico is the first of a run of six loose-surface rallies, and the first...
14h ago from WRC.com

Hyundai Motorsport runs upgraded engine in Mexico

Hyundai Motorsport has brought its upgraded engine with a new fuel...
15h ago from Crash.net

Kiwi upbeat ahead of Mexico debut

The Kiwi completed the recce at Rally Guanajuato Mexico (5 - 8 March)...
15h ago from WRC.com

Paddon fully focused for Rally Mexico

Hayden Paddon says he is focusing on his best performance on unfamiliar...
22h ago from Crash.net

Popular On GunnersToday.com

Valencia Determined To Keep Hold Of Arsenal Target...

Reports are out claiming that Valencia president Amadeo Salva is...
3h ago from Nastytackle.com

Arsenal & Man United Target Worth £30m, According To...

Arsenal want to sign Roberto Firmino this summer. Hoffenheim coach Markus...
5h ago from CaughtOffside.com

Arsene Wenger: I was going to sell Francis Coquelin...

GETTY Francis Coquelin suffered a blow to his nose after a clash with...
7h ago from Express.co.uk

Stephan El Shaarawy set for San Siro exit?

Arsenal and Tottenham Hotspur have been alerted to the availability of AC...
10h ago from SportsMole.co.uk

Comments

comments powered by Disqus

Hottest News

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.