News Details

Formula 1 boss Ecclestone faces German bribery trial and possible jail time

t">Bernie Ecclestone in the dock again Formula 1 chief executive Bernie Ecclestone goes on trial for bribery in Germany this week in a case that threatens to end the Briton's long reign as the commercial boss of the motor sport. Prosecutors in Munich have charged Ecclestone, 83, with bribing jailed former German banker Gerhard Gribkowsky to smooth the sale eight years ago of a stake in Formula One to private equity firm CVC. CVC remain the largest shareholder in Formula One, a business that generates annual revenues of over $1.5 billion from its series of grand prix races held around the world. CVC co-chairman Donald Mackenzie has said that he would fire Ecclestone if he was found...
Full Story »
9y ago from GrandPrix247.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...
9y ago from Pitpass.com

Ecclestone admits public perception is that he is...

Bernie Ecclestone Formula 1 supremo Bernie Ecclestone has admitted that...
9y ago from GrandPrix247.com

Ecclestone's part-time trial gets underway

It is no secret that the bribery trial in Munich against Formula One boss...
9y ago from Pitpass.com

Plea bargain could save Ecclestone and keep him in...

Bernie Ecclestone Formula 1 boss Bernie Ecclestone has denied reports he...
9y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Popular On GunnersToday.com

Alan Shearer chooses Premier League winner between Man...

The winner of Sunday's top-of-the-table match between Manchester City and...
53m ago from CaughtOffside.com

Arsenal and Manchester United keen on French defensive...

Arsenal and Manchester United are always on the lookout for prospects who...
23m ago from CaughtOffside.com

Comments

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.