News Details

Ecclestone indictment challenges London High Court ruling

Formula One boss Bernie Ecclestone's chances of triumph in his bribery trial, which begins on Thursday, have been given a boost from the most unlikely of sources according to an article in the Guardian written by Christian Sylt.German prosecutors have charged Ecclestone with paying part of a £26.2m ($44m) bribe to former banker Gerhard Gribkowsky to steer the sale of F1 to the private equity firm CVC in 2006 as it had agreed to retain him as boss of the sport. Gribkowsky was chief risk officer of German bank BayernLB which owed a 47.2% stake in F1's parent company SLEC and received £484.7m ($814m) for selling it to CVC.Last year Ecclestone was sued in London's High Court for...
Full Story »
5mo ago from Pitpass.com 0
Share

You May Also Be Interested In...

F1 trademark row to resuaface?

As Bernie Ecclestone's bribery trial gets underway in Munich a previous...
5mo ago from Pitpass.com

Female lawyer to help Ecclestone run F1

Bernie Ecclestone will lean heavily on the help of a 44-year-old woman...
6mo ago from GrandPrix.com

Ecclestone admits public perception is that he is...

Bernie Ecclestone Formula 1 supremo Bernie Ecclestone has admitted that...
6mo ago from GrandPrix247.com

Female lawyer to help Ecclestone run Formula 1

Sacha Woodward-Hill Bernie Ecclestone will lean heavily on the help of a...
6mo 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.