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 »
7mo 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 :...
7mo 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...
7mo 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

Casey Stoner to make motorcycle racing comeback

Former MotoGP World Champion Casey Stoner will make his motorcycle racing...
6h ago from Crash.net

Marquez Leads Repsol Honda 1-2 in FP1 at Losail

Marc Marquez resumed normal service in the opening free practice session...
18h ago from TheCheckeredFlag...

Dovizioso Blames Different Conditions for Lack of Pace

Andrea Dovizioso claims the conditions in Qatar on Thursday had changed...
12h ago from TheCheckeredFlag...

Forward Racing Duo Make Bright Start In Qatar

Forward Racing riders Stefan Bradl and Loris Baz both took the positives...
12h ago from TheCheckeredFlag...

Popular On IndyCarToday.com

2015 Verizon IndyCar Series preview - A driver by...

Page 1 of 8 It's time. The 2015 Verizon IndyCar Series season is upon us...
14h ago from Racer.com

IndyCar: Miles wants series to provide an F1...

Hulman and Company CEO Mark Miles believes that the high race-hosting...
1d ago from Racer.com

IndyCar: Ganassi reveals Karam car livery for St. Pete

Chip Ganassi Racing has revealeed the official livery for Sage Karam's...
1d ago from Racer.com

Indy Lights: Brabham finds Lights and Sparks in the...

Page 1 of 2 It’s great to see Matthew Brabham’s talents aren’t...
1d ago from Racer.com

Popular On TotalWRC.com

Argentina supports flood victims

More than 30cm of rain, a third of the area’s annual rainfall, fell in...
2h ago from WRC.com

Loeb set for another World Rally Car outing

The nine-time World Champion will participate in the Epernay Vins de...
23h ago from WRC.com

Tidemand inks Skoda deal

2013 Junior WRC champion Pontus Tidemand joins Skoda to compete in the...
21h ago from Crash.net

RX: World Rallycross launches UK talent competition

The FIA World Rallycross championship has launched a nationwide talent...
2d ago from Crash.net

Popular On GunnersToday.com

Gabriel - I've always wanted to defend

Gabriel says he was always determined to become a defender. The...
2h ago from Arsenal.com

England predicted XI vs Lithuania, with Arsenal man...

A look at how England could line up against Lithuania in tonight's...
3h ago from CaughtOffside.com

Khedira and Reus summer arrival on? Who's fibbing...

Morning all. International round up. Gabriel was an unused substitute for...

(Video) Arsenal star gets unexpected HUG during...

Arsenal goalkeeper David Ospina was hugged by a pitch invader during his...
7h ago from CaughtOffside.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.