News Details

Bank rejects Ecclestone's compensation offer

Bernie Ecclestone with Gerhard Gribkowsky Formula 1 supremo Bernie Ecclestone's legal troubles are not yet over. Before he ended his corruption trial in Munich by agreeing to pay $100 million to the Bavarian state, it emerged that Ecclestone was also willing to compensate the state-controlled bank BayernLB to the tune of 25 million. It was reported that the compensation offer to the bank, a former shareholder of Formula 1′s commercial rights, was valid only until last Friday. One of Ecclestone's lawyers said at the time that the 25 million offer was not an admission of guilt, nor compensation for any alleged damage done to BayernLB through the disputed $44 million payment to jailed...
Full Story »
2y ago from GrandPrix247.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

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 Ecclestone settlement offer

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

Elsewhere On The Network

Popular On MGPToday.com

WorldSBK and BSB now available on Amazon, MotoGP next?

Amazon will now broadcast Eurosport and ITV content, and is in the running...
1d ago from BikeSportNews.com

‘Nicky will be missed by all of us’ - Wayne...

Rainey says Nicky Hayden will be remembered for his work ethic, his...
1d ago from BikeSportNews.com

MotoGP Le Mans: Last-lap crash a mystery for Rossi

Rossi is mystified by the last-lap crash which saw him lose at least 20...
3d ago from BikeSportNews.com

Hayden in critical condition after collision with car...

Ex MotoGP world champion and current Honda World Superbike factory rider...
1w ago from MotoGPFanatic.com

Popular On IndyCarToday.com

Photos: IndyCar's universal 2018 body kit

No description available...
2h ago from GPUpdate.net

IndyCar releases new images of '18 aero

IndyCar’s 2018 universal bodywork is “99 percent” finished...
13h ago from Racer.com

IndyCar reveals new 2018 concept images

ganisers have released several fresh, rendered images of the car that will...
2h ago from GPUpdate.net

OREOVICZ: Five (other) drivers to watch at Indy

Speedcafe.com's IndyCar expert John Oreovicz casts his eye through the...
11h ago from SpeedCafe.com

Popular On TotalWRC.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...
19h ago from TheCheckeredFlag...

2017 Vodafone Rally de Portugal – Analysis:...

Sebastian Ogier used all his skill and guile to take an intelligent win in...
19h ago from TheCheckeredFlag...

Vodafone Rally de Portugal: Debrief part 2

Vodafone Rally de Portugal:Debrief part 2 First in a run of four European...
18h ago from WRC.com

Meeke: More work to do

Citroën driver looks for improvement
1d ago from WRC.com

Popular On GunnersToday.com

Arsenal line-up predicted: Arsene Wenger faces key...

Arsenal line-up predicted to face Chelsea in FA Cup final Thu, May 25,...
51m ago from Express.co.uk

Welbeck - I'm coping well with my return

After missing the first five months of the season, Danny Welbeck would...
41m ago from Arsenal.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.