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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...
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8mo ago from GrandPrix247.com 0
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