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 »
1mo 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 :...
1mo ago from ThisIsF1.com

Ecclestone offers 25 million to settle bribery case

Bernie Ecclestone in court Bernie Ecclestone is willing to pay 25 million...
1mo 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...
1mo ago from GrandPrix.com

Ecclestone seeks settlement to end bribery trial

Bernie Ecclestone's lawyers say he is willing to pay a £20 million...
1mo ago from Crash.net

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.