News Details

Ecclestone era drawing to a close?

According to a report in the British media, Bernie Ecclestone's time in charge of Formula One is coming to an end, as his bribery trial starts in a German court. Ecclestone is accused of handing over a bribe to the amount of £27.5m to German banker Gerhard Gribkowsky in order to facilitate the sale of a stake in F1 to a private equity group of his choice. Even though Ecclestone has admitted making the payment, which resulted in Gribkowsky landing behind bars, the F1 supremo has denied any wrongdoing throughout. As a result, the diminutive Briton has ruled out paying a settlement in order to avoid jail-time, but it is reported that the court could order the 83-year-old to pay as much...
Full Story »
4mo ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Ecclesone era drawing to a close?

rt. Ecclestone is accused of handing over a bribe to the amount of...
4mo ago from PlanetF1.com

F1 boss denies bribery at German trial

Formula One chief executive Bernie Ecclestone denied bribery allegations...
4mo ago from SuperSport.com

Ecclestone denies bribery at German trial

Formula One chief executive Bernie Ecclestone denied bribery allegations...
4mo ago from SuperSport.com

Formula 1 boss Ecclestone faces German bribery trial...

t">Bernie Ecclestone in the dock again Formula 1 chief executive...
5mo 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.