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 »
7mo 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...
7mo ago from ThisIsF1.com

Ecclestone offer rejected by German bank

German bank BayernLB has turned down a £20 million settlement offer from...
7mo ago from Crash.net

German bank rejects Bernie's offer

Bernie Ecclestone's legal woes may not be over after Munich-based bank...
7mo ago from PlanetF1.com

German bank rejects £33m Ecclestone settlement offer

Getty Images Enlarge German bank BayernLB has rejected a settlement...
7mo ago from espnF1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Ducati now limited to 22 litres of fuel

Ducati's strong start to 201t has seen the Italian manufacturer lose the...
15h ago from MotorcycleNews.c...

Fortune doesn’t always favour the brave

Sunday’s opening MotoGP race in Qatar was memorable in so many ways....
13h ago from MotoGP.com

Smith pleased with Qatar outcome

Bradley Smith had a strong first race of the season with the Tech3 Yamaha...
14h ago from MotorcycleNews.c...

Strong Honda debut for Crutchlow

Cal Crutchlow finished the Qatar Grand Prix where he aimed to as the...
12h ago from MotorcycleNews.c...

Popular On IndyCarToday.com

Honda's IndyCar aero kit dilemma

Just one event into 2015 and it appears that Chevrolet has a clear edge...
1d ago from Motorsport.com

Fan suffers fractured skull from debris at St Pete

A race fan attending Sunday's IndyCar season opener at St Petersburg on...
1d ago from Crash.net

Montoya snatches St Pete win from Power

Juan Pablo Montoya claimed the first win of the 2015 Verizon IndyCar...
3d ago from Crash.net

A lot of debris raises a lot of questions following...

The new aero kits had an unintended consequence Sunday ... A lot of...
3d ago from Motorsport.com

Popular On TotalWRC.com

Al Qassimi lines up Argentina debut

Al Qassimi, who brings Abu Dhabi support to Citroën Racing, will join...
17h ago from WRC.com

Wilson: I'll never forget Tanak's 'splashdown'

In the latest exclusive M-Sport World Rally Team column on Crash.net for...
1d ago from Crash.net

ERC: Circuit of Ireland is big in my heart, says Breen

Craig Breen says it would be a dream come true if he could add his name...
1d ago from Crash.net

Toyota reveals its junior line-up

Personally, I am having a great time following the progress of Toyota...

Popular On GunnersToday.com

Nuri Sahin: 'I almost joined Arsenal in 2005'

Borussia Dortmund midfielder Nuri Sahin has revealed that he came close...
2h ago from SportsMole.co.uk

Chelsea & Arsenal stars feature heavily in statistical...

As the Premier League season draws to a close with only eight games left...
5h ago from CaughtOffside.com

Revealed! The Premier League's 'most loyal clubs'

Apart from success, fans seem to love nothing more than loyalty from...
14h ago from TalkSport.com

Best XI of the international break – Featuring...

There were a number of standout performers during the most recent...
6h 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.