News Details

F1 boss Ecclestone pays to end trial

A German court has agreed to end the bribery trial of Formula 1 boss Bernie Ecclestone in exchange for a $100m (£60m) payment from him. Mr Ecclestone's offer was based on an existing provision in German law. Earlier on Tuesday German prosecutors accepted the offer from the 83-year-old billionaire who dominates motor racing. He went on trial in April, accused of paying a German banker 33m euros (£26m; $44m) to ensure that a company he favoured could buy a stake in F1. He denies wrongdoing. The ruling means he walks free from the district court in Munich and can continue running the sport. It also means Mr Ecclestone is found neither guilty nor innocent. His personal wealth is put at $4.2bn...
Full Story »
6mo ago from BBC.co.uk 0
Share

You May Also Be Interested In...

Ecclestone make $100m payment, confirms court

A German court says Bernie Ecclestone has made the $100 million payment...
6mo ago from F1Pulse.com

Ecclestone pays up

Bernie Ecclestone's legal troubles are behind him as a German court has...
6mo ago from PlanetF1.com

Ecclestone settled case for good of F1 says lawyer

Bernie Ecclestone ended his bribery trial with a record $100 million...
6mo ago from GrandPrix.com

Lawyer says Ecclestone paid $100 million for good of F1

Lawyer Sven Thomas with his client Bernie Ecclestone Formula 1 supremo...
6mo ago from GrandPrix247.com

Elsewhere On The Network

Popular On MotoGPToday.com

Hayden 'realistic' ahead of new season

Nicky Hayden knows that his Drive M7 Aspar Honda team have their work...
13h ago from SuperSport.com

Iannone leaves Sepang impressed with GP15

Andrea Iannone continues to make progress with the new Ducati GP15 and...
15h ago from MotorcycleNews.c...

MotoGP: Intrigue, gossip and rumour

A little of what went on behind the scenes at Sepang
2d ago from BikeSportNews.com

Nicky Hayden on who could be the next US MotoGP star

You spent much of the off-season riding dirt bikes. Following last...
7h ago from MotoGP.com

Popular On TotalWRC.com

Mikkelsen: I won't hide behind anyone in Mexico

Andreas Mikkelsen says he 'will not be hiding behind anyone in Mexico'...
14h 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...
15h ago from Crash.net

Rally Guanajuato Mexico: Fighting talk

Sebastien Ogier. Volkswagen Polo R: “The past two rallies in Mexico...
11h ago from WRC.com

M-Sport column: Back in WRC, back to form

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

Popular On GunnersToday.com

Ex-Gunner Edu: Why I'm NOT surprised by Alexis...

NO SURPRISES: Edu expected Sanchez's fine form [GETTY] "English...
6h ago from DailyStar.co.uk

Former ‘Invincible' could be set for MP role

Arsenal legend Sol Campbell has hinted at a career in politics after...
54m ago from AllArsenal.com

Arsenal's Kieran Gibbs reinforces a fact many have...

Arsenal defender Kieran Gibbs has reiterated that the club is on a good...
6h ago from AllArsenal.com

Arsenal Legend Could Be Set For Career In Politics

Sol Campbell won two league titles and three FA Cups during a five-year...
8h 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.