News Details

Ecclestone to pay $100 million to avoid jail and remain F1 boss

Bernie Ecclestone in court Formula 1 chief executive Bernie Ecclestone looks set to avoid jail and retain control of Formula 1, thanks to a negotiated US $100 million settlement with prosecutors in his high-profile corruption case in Germany. Suddeutsche Zeitung, who are reporting the latest development, 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 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...
Full Story »
6mo ago from GrandPrix247.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 :...
6mo ago from ThisIsF1.com

Ecclestone offers 25 million to settle bribery case

Bernie Ecclestone in court Bernie Ecclestone is willing to pay 25 million...
7mo ago from GrandPrix247.com

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

Bernie Ecclestone looks set to avoid jail and retain control of formula...
6mo ago from GrandPrix.com

Ecclestone seeks settlement to end bribery trial

Bernie Ecclestone's lawyers say he is willing to pay a £20 million...
7mo ago from Crash.net

Elsewhere On The Network

Popular On MotoGPToday.com

Rossi: New Ducati fast , tyre rule unfair

After witnessing the new GP15's initial laps at last week's Sepang MotoGP...
8h ago from Crash.net

Moto3: New Sepang team unveils 2015 colours

The new Sepang International Circuit (SIC) Moto3 team has unveiled its...
4h ago from Crash.net

Capirossi signs-up for World GP Legends event

Loris Capirossi will be racing alongside the likes of Freddie Spencer,...
7h ago from Crash.net

MotoGP: Intrigue, gossip and rumour

A little of what went on behind the scenes at Sepang
2d ago from BikeSportNews.com

Popular On IndyCarToday.com

Aitken Earns WinterFest Title by One Point in...

Jack Aitken of Team Pelfrey and Weiron Tan of Andretti Autosport were...

Jakes returns to series with Schmidt Peterson

James Jakes will return to action in the Verizon IndyCar Series...
8h ago from Crash.net

Coletti impresses in KV Racing test

KV Racing Technology were quick to praise the performance of 25-year-old...
8h ago from Crash.net

Testing IndyCar's aero kits with Tony Kanaan

Tony Kanaan spoke in an interview with Motorsport.com about his time...
7h ago from Motorsport.com

Popular On TotalWRC.com

Paddon fully focused for Rally Mexico

Hayden Paddon says he is focusing on his best performance on unfamiliar...
4h ago from Crash.net

Mikkelsen: I won't hide behind anyone in Mexico

Andreas Mikkelsen says he 'will not be hiding behind anyone in Mexico'...
1d ago from Crash.net

Latvala to play catch up in Mexico

Jari-Matti Latvala says he has some catching up to do after failing to...
1d ago from Crash.net

Rally Guanajuato Mexico: Fighting talk

Sebastien Ogier. Volkswagen Polo R: “The past two rallies in Mexico...
23h ago from WRC.com

Popular On GunnersToday.com

EPL Preview: QPR v Arsenal, Giroud looking to continue...

The victory against Everton wasn’t as visually comfortable as many...
2h ago from SportsKeeda.com

(Image) Loaned Out Arsenal Star Lukas Podolski Poses...

German international continues to maximise his social media presence,...
4h ago from CaughtOffside.com

Coquelin, Ramsey start: Predicted lineup v QPR

There is a glimmer of hope Francis Coquelin will be fit to feature on...
5h ago from AllArsenal.com

Terms agreed for Arsenal's no.1 midfield target

Arsene Wenger looks set to push through a move for top midfield target...
6h ago from AllArsenal.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.