News Details
Ecclestone offer rejected by German bank
German bank BayernLB has turned down a £20 million settlement offer from F1 supremo Bernie Ecclestone. The bank claims Ecclestone undervalued F1 when it was sold back in 2006. “BayernLB has rejected Mr Ecclestone's settlement offer,” a spokesman for BayernLB told Reuters on Friday. Eccelstone's lawyer in Munich has declined to comment. The news comes after a court in Munich agreed a settlement of around £60 million to end his bribery trial this week. The 83-year-old had been on trial since April. He was accused of paying German banker Gerhard Gribkowsky £26m to help ensure a stake in F1 was sold to a company he favoured. Ecclestone has always denied the charges and while he admitted...
Full Story »
Full Story »
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...
9y ago from ThisIsF1.com
Ecclestone hails ‘capitalist’ court settlement
Ecclestone hails ‘capitalist' court settlementPosted On 06 Aug...
9y ago from ThisIsF1.com
Ecclestone trial set to end after settlement
– Formula 1 supremo Bernie Ecclestone has agreed a settlement worth...
9y ago from GPUpdate.net
Ecclestone trial to end after settlement
– Bernie Ecclestone's bribery trial will come to an end after the...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Vinales: Aprilia COTA MotoGP win has ‘different...
Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
44m ago from MotorsportWeek.c...
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
4h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kirkwood: “More durable” tires hindering passing...
No description available...
54m ago from Motorsport.com
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
1h ago from Motorsport.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
1d ago from MotorsportWeek.c...
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
1h ago from Motorsport.com
WRC Croatia: Neuville sets the pace to lead title...
No description available...
7h ago from Motorsport.com
Hyundai enacts contingency plan after WRC Kenya fuel...
No description available...
1d ago from Motorsport.com
WRC 2025 rules limbo creating “critical” situation...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Troy Deeney names strikers who Arsenal should look to...
No description available...
1h ago from SportsKeeda.com
Premier League gameweek 34: Confirmed team news and...
Sports Mole rounds up every Premier League club's confirmed team news...
3h ago from SportsMole.co.uk
'There is a good chance' - Jurgen Klopp explains how...
No description available...
1h ago from SportsKeeda.com
'This behavior has become his stock in trade' -...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
FIA announce crucial top three UPDATE in China after...
The top three drivers for Saturday's sprint race... Read More »
1h ago from GPFans.com
Horner blasts Marko's 'improper' Sainz claims as 'pure...
Christian Horner has dismissed Dr Helmut Marko's... Read More »
44m ago from RacingNews365.com
F1 Sprint Qualifying Results: Chinese Grand Prix 2024 times...
George Russell saved himself from an ignominious... Read More »
11h ago from GPFans.com