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

Laverty pragmatic as he loses out on Aprilia MotoGP...

Michael Laverty is disappointed he isn’t going to be able to show his...
9h ago from BikeSportNews.com

Rossi smashes another record

Current MotoGP World Championship leader Valentino Rossi has broken Angel...
1d ago from MotoGP.com

Honda chasing 700th GP victory

The Japanese manufacturer currently has 698 GP victories across all...
22h ago from MotoGP.com

Q&A with Mahindra Racing CEO Mufaddal Choonia

Mahindra Racing’s CEO looks back on the season so far and discusses the...
22h ago from MotoGP.com

Popular On IndyCarToday.com

Mid-Ohio: Race results

Perfect timing hands local hero Rahal victory in Ohio Race results 1....
8h ago from Crash.net

Rahal scores blistering win as Montoya stumbles

Hometown hero Graham Rahal has scorched to the finest win of his career...
9h ago from SpeedCafe.com

Hunter-Reay tops warm-up despite spinning out

Sunday morning's warm-up session at the Mid-Ohio Sports Car Course saw...
15h ago from Crash.net

Rahal Uses Strategy to Win at Mid-Ohio

Graham Rahal used strategy and a timely caution to vault into the lead in...
10h ago from OpenWheelWorld.n...

Popular On TotalWRC.com

Lefebvre excluded from Rally Finland

Frenchman's DS 3 used illegal ECU software
10h ago from WRC.com

Mission accomplished for Hyundai Motorsport with...

Hyundai Motorsport has finished this weekend’s Rally Finland, round 8 of...
15h ago from Motorsport.com

Another podium finish for Mads Østberg!

Like in Mexico and Argentina, Mads Østberg and Jonas Andersson finished...
13h ago from Motorsport.com

Ostberg: Pre-event test "key" to podium

Citroen's Mads Ostberg believes preparation was the “key” to his...
10h ago from Crash.net

Popular On GunnersToday.com

Arsenal star set for new deal amid £6m interest from...

Arsenal star Nacho Monreal is set to be handed a new deal despite earlier...

Mariner: Mourinho, Wenger need to grow up

r Arsenal man Paul Mariner contends that Jose Mourinho and Arsene Wenger...
5h ago from ESPNFC.co.uk

[Image gallery] Arsenal stars pose with the Community...

Wembley is proving to be a happy hunting ground for us after we defeated...
1h ago from AllArsenal.com

Nicol: Celebrating with selfies?

SPN FC crew react to Roy Keane's comments that Arsenal are too concerned...
5h ago from ESPNFC.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.