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 »
6mo 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...
6mo ago from ThisIsF1.com

Ecclestone offer rejected by German bank

German bank BayernLB has turned down a £20 million settlement offer from...
6mo ago from Crash.net

German bank rejects Bernie's offer

Bernie Ecclestone's legal woes may not be over after Munich-based bank...
6mo ago from PlanetF1.com

German bank rejects £33m Ecclestone settlement offer

Getty Images Enlarge German bank BayernLB has rejected a settlement...
6mo ago from espnF1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Rossi: New Ducati fast , tyre rule unfair

After witnessing the new GP15's initial laps at last week's Sepang MotoGP...
10h ago from Crash.net

Moto3: New Sepang team unveils 2015 colours

The new Sepang International Circuit (SIC) Moto3 team has unveiled its...
7h ago from Crash.net

Capirossi signs-up for World GP Legends event

Loris Capirossi will be racing alongside the likes of Freddie Spencer,...
9h ago from Crash.net

MotoGP: Intrigue, gossip and rumour

A little of what went on behind the scenes at Sepang
3d ago from BikeSportNews.com

Popular On IndyCarToday.com

Testing IndyCar's aero kits with Tony Kanaan

Tony Kanaan spoke in an interview with Motorsport.com about his time...
10h ago from Motorsport.com

Aitken Earns WinterFest Title by One Point in...

Jack Aitken of Team Pelfrey and Weiron Tan of Andretti Autosport were...

Jakes returns to series with Schmidt Peterson

James Jakes will return to action in the Verizon IndyCar Series...
11h ago from Crash.net

Coletti impresses in KV Racing test

KV Racing Technology were quick to praise the performance of 25-year-old...
11h ago from Crash.net

Popular On TotalWRC.com

Paddon fully focused for Rally Mexico

Hayden Paddon says he is focusing on his best performance on unfamiliar...
6h ago from Crash.net

Mikkelsen: I won't hide behind anyone in Mexico

Andreas Mikkelsen says he 'will not be hiding behind anyone in Mexico'...
1d ago from Crash.net

Latvala to play catch up in Mexico

Jari-Matti Latvala says he has some catching up to do after failing to...
1d ago from Crash.net

Rally Guanajuato Mexico: Fighting talk

Sebastien Ogier. Volkswagen Polo R: “The past two rallies in Mexico...
1d ago from WRC.com

Popular On GunnersToday.com

Arsenal's Alisher Usmanov beats Chelsea's Roman...

Arsenal shareholder Alisher Usmanov has been placed ahead of Chelsea...
3h ago from SportsMole.co.uk

EPL Preview: QPR v Arsenal, Giroud looking to continue...

The victory against Everton wasn’t as visually comfortable as many...
4h ago from SportsKeeda.com

(Image) Loaned Out Arsenal Star Lukas Podolski Poses...

German international continues to maximise his social media presence,...
6h ago from CaughtOffside.com

Rat Race for Top 4: Predicting the teams that will get...

On Sunday, Tottenham Hotspur took part in the League Cup final against...
6h ago from SportsKeeda.com

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.