News Details

Ecclestone says Gribkowsky payment an 'insurance policy'

Bernie Ecclestone on Tuesday told his corruption trial in Munich that he made a $44 million payment to avoid bankruptcy. Prosecutors allege the F1 chief executive paid Gerhard Gribkowsky so the banker would agree to sell the sport's commercial rights to his preferred buyer and retain power. But Ecclestone, 83, said he paid the millions because Gribkowsky was alluding to alerting the British tax authorities about his personal affairs. First, the diminutive Briton testified on Tuesday, Gribkowsky was pressuring him to invest a whopping $250 million in a joint real estate business. "I told him that I was not interested," Ecclestone said. But then Ecclestone, who said Gribkowsky's...
Full Story »
10mo ago from GrandPrix.com 0
Share

You May Also Be Interested In...

F1 boss says Gribkowsky payment an ‘insurance...

F1 boss says Gribkowsky payment an ‘insurance policy'Posted On 15...
10mo ago from ThisIsF1.com

Ecclestone: I was a sarcastic when I asked would 50...

Bernie Ecclestone in court Formula 1  boss Bernie Ecclestone told a...
10mo ago from GrandPrix247.com

CVC’s chief Donald Mackenzie backs Ecclestone in...

CVC's chief Donald Mackenzie backs Ecclestone in courtPosted On 10 Jul...
10mo ago from ThisIsF1.com

F1 boss explains payment to banker

Formula One boss Bernie Ecclestone told a court on Tuesday that a...
10mo ago from SuperSport.com

Elsewhere On The Network

Popular On MotoGPToday.com

No ‘setup mistakes’ at Mugello MotoGP - Rossi

Movistar Yamaha’s Valentino Rossi says there must be no setup mistakes...
2h ago from BikeSportNews.com

Dovizioso: “I believe that we can be competitive”

Andrea Dovizioso feels that he can challenge for the win at Mugello after...
3h ago from MotoGP.com

Lorenzo: “I‘m feeling stronger and I‘m in a...

Jorge Lorenzo acknowledges the importance of his back-to-back wins as a...
3h ago from MotoGP.com

Rossi: It will be a great race!

For the first time since 2008, Valentino Rossi starts his home Italian...
3h ago from Crash.net

Popular On IndyCarToday.com

Montoya presented with $2.4 million Indy cheque

Team Penske driver Juan Pablo Montoya has been presented with a $2.4...
1d ago from SpeedCafe.com

Video: Indianapolis 500 highlights

No description available...
2d ago from GPUpdate.net

Conor Daly to sub for Hinchcliffe in Detroit

Conor Daly has been named as replacement for the injured James...
13h ago from SpeedCafe.com

Popular On TotalWRC.com

Matton: Meeke no longer has to prove himself

After last month’s breakthrough success in Argentina, Meeke was again...
1h ago from WRC.com

Evans brothers settle Canberra dispute

Australian Rally Championship front-runners Simon and Eli Evans have...
7h ago from Motorsport.com

New-look Portugal gets thumbs-up

New route and spectator zones worked well
20h ago from WRC.com

WRC Competitor Denied Medical Intervention After...

The Fnckmatié World Rally Team has claimed that their driver Lorenzo...
18h ago from TheCheckeredFlag...

Popular On GunnersToday.com

Arsene Wenger 'not in transfer mode' as Arsenal boss...

Arsene Wenger has denied reports linking Arsenal with a move for Real...
2h ago from TalkSport.com

Wenger frustrated by draw

The result should be enough to secure third place for the Gunners,...
2h ago from Football365.com

Arsenal To Face Premier League Competition For Bastian...

It has been reported that Manchester United are yet to make a serious...
6h ago from Nastytackle.com

Arsenal considering £3m move for Villarreal striker

Arsenal are keeping an eye on Villarreal star Gerard Moreno as they plan...

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.