News Details

'Bernie afraid of losing grip on F1'

Munich prosecutors believe F1 boss Bernie Ecclestone allegedly bribed a German banker because he was afraid of losing his grip on the racing series. The charges released Monday allege Ecclestone paid banker Gerhard Gribkowsky about $44 million so the Formula One Group would be sold to a buyer acceptable to Ecclestone. Gribkowsky was in charge of selling BayernLB's 47 percent stake in F1 to CVC Capital Partners in 2005. He has already been found guilty of corruption, tax evasion and breach of trust and is serving an 8½-year prison sentence. Ecclestone's trial is set to start April 24 in Munich. Ecclestone acknowledged during Gribkowsky's trial that he made the payment to avoid being...
Full Story »
2y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Ecclestone was afraid of losing grip as Formula 1 big...

Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP...
2y ago from GrandPrix247.com

Ericsson losing half a second in weight

Marcus Ericsson has revealed he is losing half a second per lap to...
2y ago from Crash.net

April starts with a bang for Formula One

Everybody expected April to be a crucial time for Formula One. It was the...
2y ago from F1Pulse.com

Bernie quietens talk of team buy-in

The F1 teams won't be getting their hands on the sport any time soon as...
2y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Combined times: Phillip Island MotoGP test

– MotoGP gathered at Phillip Island, picturesque home of the...
1d ago from GPUpdate.net

Vinales hits out at Marquez for following him on long...

Maverick Vinales has hit out at MotoGP rival Marc Marquez for following...
2d ago from Motorsport.com

Lorenzo: Ducati felt winglet loss more at Phillip...

Ducati recruit Jorge Lorenzo says the absence of MotoGP’s now-banned...
1d ago from Motorsport.com

Honda has made MotoGP engine breakthrough - Marquez

Marc Marquez believes Honda made a breakthrough with its MotoGP engine...
2d ago from Motorsport.com

Popular On IndyCarToday.com

Bourdais - Reopening tech will widen divide

Sebastien Bourdais warns that IndyCar's move to open additional areas of...
1d ago from Racer.com

Team Murray owner pays tribute to KV Racing

Tributes have flowed for former Verizon IndyCar Series team, KV Racing...
1d ago from SpeedCafe.com

KV Racing officially ends IndyCar program

KV Racing has issued statements for the first time confirming the squad...
2d ago from SpeedCafe.com

Smaller IndyCar teams under pressure, Coyne warns

Dale Coyne warns that affordability needs to factor into every decision...
2d ago from Racer.com

Popular On TotalWRC.com

WRC Gallery - Rally Sweden

WRC Gallery - Rally Sweden The Swedish winter delivered a spectacular...
10h ago from WRC.com

Rally Sweden Analysis- Toyota surprise while Neuville...

Rally Sweden was a fairytale event for Jari-Matti Latvala and the brand...

FIA to clampdown on excessive WRC stage speeds

WRC stages deemed to be too fast will not be tolerated this season, FIA...
3d ago from Motorsport.com

Citroën: 'We have work to do'

Citroën: 'We have work to do' Citroën Racing boss Yves Matton has...
2d ago from WRC.com

Popular On GunnersToday.com

Arsenal or Sutton to host Lincoln City

The draw for the last eight of the Emirates FA Cup was made on Sunday...
1h ago from Arsenal.com

JEREMY CROSS COLUMN: Wagner's perspective, Cowley the...

GETTY David Wagner was part of Jurgen Klopp's coaching team at Dortmund...
3h ago from DailyStar.co.uk

Tottenham outdo Arsenal with damning and unwanted...

Arsenal and Arsene Wenger may well be receiving plenty of grief again...
7h ago from CaughtOffside.com

EXCLUSIVE: I want to sign for Arsenal... this is my...

GETTY Achille Degan thinks he has the character to play for Arsenal He...
6h ago from DailyStar.co.uk

Comments

Hottest News

Hamilton on new Mercedes: 'It looks like a boat'

Three time Formula One world champion Lewis... Read More »
9h ago from F1Hub.net

Hamilton objects to 'disgusting' shoey trend

Lewis Hamilton has made it very clear that he's... Read More »
4h ago from F1i.com

Wolff: Alonso would have been exciting, but...

Toto Wolff has admitted that as a race fan he... Read More »
1h ago from Pitpass.com

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.