News Details

Ecclestone to keep F1 job after $100m court deal?

Bernie Ecclestone looks set to avoid jail and retain control of formula one. Germany's Suddeutsche Zeitung is reporting on Saturday that the F1 chief executive has negotiated a US $100 million settlement with prosecutors in his high-profile corruption case in Germany. The newspaper did not name its sources but said the settlement, negotiated in Munich on Saturday, will terminate the trial altogether and see all charges dropped. Earlier in the week, there was talk of a EUR 25 million compensation payment to the Munich state bank BayernLB. It is believed that, on Friday, the court told witnesses due to testify not to attend until further notice. Official confirmation is possible within the...
Full Story »
3mo ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Ecclestone to keep F1 job after $100m court deal

Ecclestone to keep F1 job after $100m court dealPosted On 02 Aug 2014By :...
3mo ago from ThisIsF1.com

Ecclestone defence seeks deal to end bribery trial

Prosecutors and lawyers for Bernie Ecclestone are in talks about a...
3mo ago from F1Pulse.com

F1 to look at rules to stop negativity says Ecclestone

Bernie Ecclestone Formula 1 chief executive Bernie Ecclestone thinks...
4mo ago from GrandPrix247.com

F1 to look at rules to stop negativity says Ecclestone

Bernie Ecclestone thinks formula one needs to act now to prevent a...
4mo ago from GrandPrix.com

Comments

comments powered by Disqus

Hottest News

Don't underestimate Honda's technological muscle - Arai

Honda F1 boss Yasuhisa Arai has warned his rivals... Read More »
3h ago from espnF1.com

Vettel denies driving Ferrari road car at 350kph

Sebastian Vettel's press office has denied claims... Read More »
5h ago from GrandPrix247.com

Kimi not surprised by Vettel visit

Having spent a day in the same garage as new... Read More »
1h ago from PlanetF1.com

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.