News Details

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...
Full Story »
10mo ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

German Bank Rejects $33m Offer from F1 boss Bernie...

German Bank Rejects $33m Offer from F1 boss Bernie EcclestonePosted On 08...
10mo ago from ThisIsF1.com

Ecclestone offer rejected by German bank

German bank BayernLB has turned down a £20 million settlement offer from...
10mo ago from Crash.net

German bank rejects Bernie's offer

Bernie Ecclestone's legal woes may not be over after Munich-based bank...
10mo ago from PlanetF1.com

German bank rejects £33m Ecclestone settlement offer

Getty Images Enlarge German bank BayernLB has rejected a settlement...
10mo ago from espnF1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Lorenzo "came very close" to leaving Yamaha

Two-time MotoGP world champion Jorge Lorenzo admitted he "came very...
19h ago from Motorsport.com

’Still problems to be solved’ for Marquez

Reigning MotoGP World Champion Marc Marquez got some of his mojo back...
18h ago from BikeSportNews.com

Marquez: “There are still some things to solve”

A run of difficult races was broken for Marquez in Assen in dramatic...
18h ago from MotoGP.com

Sachsenring ready for fireworks in MotoGP title battle

Valentino Rossi heads to the Sachsenring for the GoPro Motorrad Grand...
1d ago from MotoGP.com

Popular On IndyCarToday.com

Wilson secures IndyCar drive for remainder of 2015

Justin Wilson will return to the IndyCar series after securing a drive for...
13h ago from Motorsport.com

Wilson to finish IndyCar year with Andretti

Experienced IndyCar driver Justin Wilson has been pitched into the...
6h ago from SpeedCafe.com

Mann handed two new outings with Dale Coyne

Dale Coyne Racing has confirmed that British driver Pippa Mann will...
10h ago from Crash.net

Wilson joins Andretti for remaining races

– Justin Wilson will race for Andretti Autosport across the...
13h ago from GPUpdate.net

Popular On TotalWRC.com

Toyota confirms Tommi Makinen, doesn't mention TMG

Fans probably should not be too interested in politics and they also...
14h ago from WorldRallyBlog.c...

Picture special: Neuville's miracle roll

The Belgian was sixth, and had his team-mate Hayden Paddon in his sights,...
15h ago from WRC.com

Toyota's WRC project, are you OK?

Please allow me to pull out the basic facts, or at least what looks like...

Mäkinen heads up Toyota WRC programme

The team will be run under the name Toyota Gazoo Racing, which operates...
21h ago from WRC.com

Popular On GunnersToday.com

Report: Arsenal Linked With £50million Bid For...

In what must be one of the most ambitious rumours of the summer, Arsenal...
3h ago from FreshArsenal.com

Torino Expecting Second Man Utd Bid For Arsenal Target...

It has been revealed that Torino expect Manchester United to try again...
3h ago from Nastytackle.com

Mesut Ozil will get Arsenal No 10 role in bid to bring...

Mesut Ozil will get Arsenal No 10 role in bid to bring out his best......
7h ago from DailyMail.co.uk

@Arsenal has 6 million Twitter followers

Arsenal has become the first Premier League club to reach six million...
12h ago from Arsenal.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.