News Details

German bank rejects £33m Ecclestone settlement offer

Getty Images Enlarge German bank BayernLB has rejected a settlement offer of $33 million (£19 million) from Bernie Ecclestone. Earlier this week a Munich court dropped a bribery case against Ecclestone in exchange for a $100 million (£59 million) payment. BayernLB claims Ecclestone undervalued F1 when it was sold in 2006, with the court case which begun in April centred on accusations he paid German banker Gerhard Gribkowsky $44 million (£26 million) to ensure F1 was sold to a company he favoured. Ecclestone had always denied the charges. "BayernLB has rejected Mr Ecclestone's settlement offer," a spokesman for the bank told Reuters on Friday. The bank's next step remains to...
Full Story »
2y ago from espnF1.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

German bank rejects Bernie's offer

Bernie Ecclestone's legal woes may not be over after Munich-based bank...
2y ago from PlanetF1.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

Elsewhere On The Network

Popular On MGPToday.com

KTM and Yamaha differences ‘black and white’ for...

Espargaro and Smith both finished their first MotoGP race with KTM in...
6h ago from BikeSportNews.com

‘First and last’ MotoGP crash of 2017 hopes Iannone

Iannone was susprised by a lack of pace by Marquez, clipped his rear and...
7h ago from BikeSportNews.com

Zarco vows to learn after starring debut

– Tech 3 rider Johann Zarco has vowed to learn from his race-ending...
2h ago from GPUpdate.net

Vinales wins season-opening Qatar MotoGP

Spain's Maverick Vinales on a Yamaha won the season-opening Qatar MotoGP...
1d ago from SuperSport.com

Popular On IndyCarToday.com

Yacaman pursuing Indy 500 seat

Gustavo Yacaman is working to make his leap to the Verizon IndyCar Series...
20h ago from Racer.com

Video: Onboard with Rahal at Barber

Ride onboard with Graham Rahal at the Barber Motorsports Park, ahead of...
11h ago from GPUpdate.net

Video: Mario Andretti drives CMS road course

Mario Andretti took some hot laps around Charlotte Motor Speedway's road...
3d ago from Racer.com

James Hinchcliffe Onboard Lap in Mercedes-AMG C 63 DTM

Following on from Robert Wickens taking on James Hinchcliffe's Indycar,...

Popular On TotalWRC.com

Pre-Event Test Videos #2 Tour de Corse 2017

Pre-Event Test Videos #2 (Fan Footage) Che Guevara Energy Drink Tour de...
3h ago from WRC.com

Getting Excited for Dirt 4!

In all honesty, we're a bit late to this party since news about Dirt 4...
21h ago from WorldRallyBlog.c...

Germany rings the changes

New stages and a new service base in 2017
4d ago from WRC.com

Regroup exclusive: Seb Marshall

Regroup exclusive: Seb Marshall In the latest edition of the Regroup...
2d ago from WRC.com

Popular On GunnersToday.com

Chelsea 'make Alexis Sanchez top transfer target'

Chelsea are reportedly planning to make a shock swoop for Arsenal forward...
3h ago from SportsMole.co.uk

England team: Premier League youngsters in starting...

NGLAND have included youngsters from the Premier League's big boys for...
3h ago from DailyStar.co.uk

Champions League's 50 greatest games of all time...

The 50 greatest Champions League games of all time... Sportsmail...
9h ago from DailyMail.co.uk

Comments

Hottest News

'Replace Kimi with Giovinazzi!', says ex-Scuderia boss

Antonio Giovinazzi's performance last weekend in... Read More »
7h ago from F1i.com

Mercedes not commenting on McLaren-Honda engine rumours

Niki Lauda has dodged speculation Mercedes could... Read More »
4h ago from ThisIsF1.com

F1i's technical snapshot - Australian Grand Prix

  FERRARI’S STRUCTURAL ORIGINALITY Sebastian... Read More »
3h ago from F1i.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.