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Bank rejects Ecclestone's compensation offer

Bernie Ecclestone with Gerhard Gribkowsky Formula 1 supremo Bernie Ecclestone's legal troubles are not yet over. Before he ended his corruption trial in Munich by agreeing to pay $100 million to the Bavarian state, it emerged that Ecclestone was also willing to compensate the state-controlled bank BayernLB to the tune of 25 million. It was reported that the compensation offer to the bank, a former shareholder of Formula 1′s commercial rights, was valid only until last Friday. One of Ecclestone's lawyers said at the time that the 25 million offer was not an admission of guilt, nor compensation for any alleged damage done to BayernLB through the disputed $44 million payment to jailed...
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6mo ago from GrandPrix247.com 0
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