News Details

German bank rejects $33m offer from Ecclestone

A German bank that once held a major stake in Formula One on Friday rejected Bernie Ecclestone's offer of a €25 million ($33 million) settlement in a dispute over the sale of that stake. Earlier this week, a Munich court dropped a bribery case against Ecclestone connected to the sale of Munich-based bank BayernLB's F1 stake in exchange for a $100 million payment. After hearing more than three months of evidence, the court said it had serious doubts the F1 boss could be convicted of bribery and incitement to breach of trust. Separately, BayernLB has been keeping open the option of civil proceedings against the 83-year-old Englishman. The bank did preparatory work on a damages claim...
Full Story »
2y ago from F1Pulse.com 0
Share

You May Also Be Interested In...

German bank rejects £33m Ecclestone settlement offer

Getty Images Enlarge German bank BayernLB has rejected a settlement...
2y ago from espnF1.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

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

Elsewhere On The Network

Popular On MGPToday.com

Hayden's funeral to take place on Monday

– Nicky Hayden's funeral will be held in his home town of...
2d ago from GPUpdate.net

Rossi taken to hospital after motocross crash

Rossi crashed while training on his motocrosser and was taken to Rimini...
3d ago from BikeSportNews.com

Rossi to continue his recovery at home

amaha rider Valentino Rossi has been discharged from hospital, following...
2d ago from GPUpdate.net

No further medical complications for Rossi

– Yamaha says Valentino Rossi is making "positive...
3d ago from GPUpdate.net

Popular On IndyCarToday.com

Despite blowup, Alonso hits the mark at Indy

His race ended like so many others have the past couple years –...
12h ago from Racer.com

Indy win helps 'correct' risky 2012 move - Sato

Takuma Sato says his 2017 Indianapolis 500 victory for Andretti Autosport...
11h ago from Racer.com

Popular On TotalWRC.com

Sainz rolls back the years

Sainz rolls back the years Rallying legend Carlos Sainz turned back the...
2d ago from WRC.com

Østberg tops Fafe jumpers

Østberg tops Fafe jumpers High-flying Mads Østberg was king of the...
1d ago from WRC.com

Carlos Sainz drives Rally Portugal's Fafe stage with...

Two-time World Rally Champion Spaniard back at the wheel of a rally car on...

Lappi positive after Portugal points

Finn rounds off successful World Rally Car debut with Power Stage points
2d ago from WRC.com

Popular On GunnersToday.com

Emirates FA Cup final 2017 mini-movie

Our Emirates FA Cup final victory against Chelsea was a day to savour -...
2h ago from Arsenal.com

Arsenal on verge of making Wenger announcement, key...

Arsenal boss Arsene Wenger is reportedly set to win his boardroom battle...
4h ago from CaughtOffside.com

Gerard Deulofeu Confirms AC Milan Exit

It has been revealed that Everton winger Gerard Deulofeu has confirmed...
9h ago from Nastytackle.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.