News Details

Ecclestone to pay $100 million to avoid jail and remain F1 boss

Bernie Ecclestone in court Formula 1 chief executive Bernie Ecclestone looks set to avoid jail and retain control of Formula 1, thanks to a negotiated US $100 million settlement with prosecutors in his high-profile corruption case in Germany. Suddeutsche Zeitung, who are reporting the latest development, did not name its sources but said the settlement, negotiated in Munich on Saturday, will terminate the trial altogether and see all charges dropped. Earlier in the week, there was talk of a 25 million compensation payment to the Munich state bank BayernLB. It is believed that, on Friday, the court told witnesses due to testify not to attend until further notice. Official confirmation is...
Full Story »
2y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Ecclestone to keep F1 job after $100m court deal

Ecclestone to keep F1 job after $100m court dealPosted On 02 Aug 2014By :...
2y ago from ThisIsF1.com

Ecclestone offers 25 million to settle bribery case

Bernie Ecclestone in court Bernie Ecclestone is willing to pay 25 million...
2y ago from GrandPrix247.com

Ecclestone to keep F1 job after $100m court deal?

Bernie Ecclestone looks set to avoid jail and retain control of formula...
2y ago from GrandPrix.com

Ecclestone seeks settlement to end bribery trial

Bernie Ecclestone's lawyers say he is willing to pay a £20 million...
2y ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

MotoGP presents updated 2017 calendar

– MotoGP organisers have presented an updated calendar for the 2017...
3h ago from GPUpdate.net

Barros back to the winner’s circle in Brazilian...

Barros gets his leathers back on and takes a race win in the Brazilian...
6h ago from BikeSportNews.com

Lorenzo says Ducati move will ease tension with Rossi

Jorge Lorenzo says he believes that the difficult relationship he has had...
1d ago from Motorsport.com

Lorenzo can win on Ducati race debut, says Ciabatti

Ducati MotoGP sporting director Paolo Ciabatti believes that the team’s...
6h ago from Motorsport.com

Popular On IndyCarToday.com

Rahal signs Servia for Indy 500, view to more

erman Lanigan Racing has signed Oriol Servià to compete in next year's...
5h ago from GPUpdate.net

Rahal signs Servia for Indy 500, maybe more

– Rahal Letterman Lanigan Racing has signed Oriol Servià to...
5h ago from GPUpdate.net

Rahal signs Servia and ace engineer for 2017

Rahal Letterman Lanigan Racing has signed Indy 500-winning race engineer...
18h ago from Motorsport.com

Popular On TotalWRC.com

Hyundai has best line-up for 2017 WRC, claims team boss

Hyundai WRC team principal Michel Nandan says his team will have the...
4h ago from Motorsport.com

Ogier down to two options for 2017 seat

Sebastien Ogier will decide between two options for his World Rally...
1d ago from EuroSport.com

WRC jigsaw nears completion

Ogier and Latvala close to securing 2017 drives
1d ago from WRC.com

Al-Attiyah working on 2017 Volkswagen WRC plan

Nasser Al-Attiyah has confirmed that he is working on taking part in the...
22h ago from Motorsport.com

Popular On GunnersToday.com

Deal Done: Arsenal complete surprise signing of...

Arsenal have won the race to sign former Chelsea youth product Zech...
3h ago from ArsenalFever.com

Bayern Munich taunt Arsenal ahead of Champions League...

Arsenal did something they haven't managed to do in the past five years...

Lucas Perez can be Arsenal's Spanish Jamie Vardy… he...

Lucas Perez can be Arsenal's Spanish Jamie Vardy… he finally announced...
3h ago from DailyMail.co.uk

(Video) Steven Gerrard reveals which current Arsenal...

Liverpool legend Steven Gerrard was watching Arsenal dismantle FC Basel...
6h ago from CaughtOffside.com

Comments

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.