Bernie Ecclestone and his legal team have denied all charges of bribery during the first day of his Munich trial on Thursday. The 83-year-old is accused of paying jailed banker Gerhard Gribkowsky £26 million ($44m) to ensure Formula 1 was sold to a preferred bidder, CVC Capital Partners, which was favoured by Ecclestone. The trial is expected to last until September, with hearings taking place during two days a week to allow Ecclestone time to continue running the sport, despite him standing down from the board earlier this year. Ecclestone's lawyers opened the hearing with a statement denying any wrongdoing. "The alleged bribery never happened. The prosecution's claims are based...
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