News Details

German bank rejects Bernie's offer

Bernie Ecclestone's legal woes may not be over after Munich-based bank BayernLB rejected his 25 million euro settlement offer. Last week he avoided the possibility of a jail term in Germany when he paid $100 million for his bribery case to be dropped. The case related to allegations that the Brit had bribed former banker Gerhard Gribkowsky to facilitate the sale of F1 to CVC in 2006. The state prosecutor revealed that Ecclestone's advanced age, 83, as well as other circumstances supported the acceptance of a settlement. However, his troubles may not be over. On Friday, German bank BayernLB, who allege Ecclestone undervalued F1's worth in the sale of its shares to CVC, rejected his offer of...
Full Story »
2y ago from PlanetF1.com 0
Share

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...
2y ago from ThisIsF1.com

Ecclestone offer rejected by German bank

German bank BayernLB has turned down a £20 million settlement offer from...
2y ago from Crash.net

Ecclestone set for $100-million settlement

Formula One tycoon Bernie Ecclestone is heading for a $100 million...
2y ago from SuperSport.com

Ecclestone trial set to end after settlement

– Formula 1 supremo Bernie Ecclestone has agreed a settlement worth...
2y ago from GPUpdate.net

Elsewhere On The Network

Popular On MGPToday.com

‘With wings, we could win at Qatar’ says Lorenzo

Jorge Lorenzo is confident after a good test at Phillip Island and may yet...
2d ago from BikeSportNews.com

Vinales pace excites Yamaha

New Movistar Yamaha rider Maverick Vinales has shown sizzling pace, much...
1d ago from SuperSport.com

Bradley Smith on aggression, power and how good a...

Smith is at the beginning of a two-year MotoGP project with Red Bull KTM....
2d ago from BikeSportNews.com

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

Maverick Vinales has hit out at MotoGP rival Marc Marquez for following...
1w ago from Motorsport.com

Popular On IndyCarToday.com

Montoya has 'fun' in Risi Ferrari at Sebring

While Risi Competizione spent Friday getting ready for the upcoming Mobil...
9h ago from Racer.com

IMSA: Montoya to sample Risi Ferrari on Friday

Team Penske driver Juan Montoya will get a taste of the Risi Competizione...
1d ago from Racer.com

Hunter-Reay wins protracted suit against Gentilozzi

Above: Ryan Hunter-Reay races on the streets of Toronto in 2005. IndyCar...
1d ago from Racer.com

SPM, Lincoln Tech announce mentor program

Lincoln Technical Institute, a national leader in specialized automotive...
14h ago from Racer.com

Popular On TotalWRC.com

Mexico City: Zocalo beats to WRC rhythm

Mexico City:Zocalo beats to WRC rhythm The FIA World Rally Championship...
21h ago from WRC.com

The best WRC city stages

The best WRC city stages The WRC is more rugged wilderness than urban...
1d ago from WRC.com

Hesto leads eSports WRC

German driver Hesto leads Championship after the opening round
2d ago from WRC.com

Olbia return for Rally Italia Sardegna

Two classic stages make their WRC comeback
2d ago from WRC.com

Popular On GunnersToday.com

Huge Man United Ibrahimovic concern, Arsenal scouting...

Zlatan Ibrahimovic is stalling on extending his Manchester United stay,...
1h ago from Express.co.uk

John Terry: Jose Mourinho didn’t want to do this to...

GETTY Jose Mourinho first managed Chelsea between June 2004 and September...
2h ago from DailyStar.co.uk

Injured Arsenal star officially reveals crucial update...

Santi Cazorla has officially confirmed that he has suffered another...
2h ago from ArsenalFever.com

Premier League stats: Which goalkeepers have kept the...

Premier League stats: Which goalkeeper has the most clean sheets in...
3h ago from Express.co.uk

Comments

Hottest News

Is the MCL32 as 'bad ass' as it looks?

The new McLaren-Honda MCL32 looks mighty... Read More »
1h ago from F1i.com

McLaren-Honda Launches 2017 F1 Cars – Orange MCL32

McLaren-Honda F1 team launched 2017 F1 challenger... Read More »
22h ago from ThisIsF1.com

Williams reveals the FW40

The Williams Mercedes FW40 was revealed online... Read More »
51m 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.