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Ecclestone denies bribery as trial begins in Munich

Bernie Ecclestone and his legal team have denied all charges of bribery during the first day of his Munich trial on Thursday. The 83-year-old is accused of paying jailed banker Gerhard Gribkowsky £26 million ($44m) to ensure Formula 1 was sold to a preferred bidder, CVC Capital Partners, which was favoured by Ecclestone. The trial is expected to last until September, with hearings taking place during two days a week to allow Ecclestone time to continue running the sport, despite him standing down from the board earlier this year. Ecclestone's lawyers opened the hearing with a statement denying any wrongdoing. "The alleged bribery never happened. The prosecution's claims are based...
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4mo ago from TheF1Times.com 0
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