News Details

Ecclestone make $100m payment, confirms court

A German court says Bernie Ecclestone has made the $100 million payment he agreed to last week, meaning the bribery case against the Formula One boss is formally closed. The Munich state court on Aug. 5 approved an agreement between Ecclestone's lawyers and prosecutors to end the trial. It gave the 83-year-old Englishman a week to pay the money -- $99 million of which goes to the state and the remaining $1 million to a German organization that helps terminally ill children. The court said on Wednesday that the payment was made on time. Ecclestone faced charges of bribery and incitement to breach of trust over a payment to a German banker in charge of selling a stake in F1 in 2005....
Full Story »
2y ago from F1Pulse.com 0
Share

You May Also Be Interested In...

Ecclestone pays up

Bernie Ecclestone's legal troubles are behind him as a German court has...
2y ago from PlanetF1.com

Charity surprised by $1 million Ecclestone payment

Bernie Ecclestone in court Officials of a German children's charity were...
2y ago from GrandPrix247.com

Ecclestone trial to end after settlement

– Bernie Ecclestone's bribery trial will come to an end after the...
2y ago from GPUpdate.net

Ecclestone goes sailing after $100m settlement

Bernie Ecclestone's yacht Petara Formula 1 supremo Bernie Ecclestone's...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Aprilia hails 'extraordinary' Espargaró

– Aprilia has praised an "extraordinary" showing from...
9h ago from GPUpdate.net

Iannone: I must avoid being 'impulsive'

– Andrea Iannone has admitted he must try to rein in his...
3h ago from GPUpdate.net

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

Espargaro and Smith both finished their first MotoGP race with KTM in...
1d ago from BikeSportNews.com

Vinales wins season-opening Qatar MotoGP

Spain's Maverick Vinales on a Yamaha won the season-opening Qatar MotoGP...
2d ago from SuperSport.com

Popular On IndyCarToday.com

IndyCar reveals new images of 2018 design

– IndyCar has revealed new images of the series' planned 2018 car...
2h ago from GPUpdate.net

IndyCar unveils new image of 2018 bodywork kit

IndyCar officials have released an updated image of the universal...

IndyCar unveils 2018 bodywork renderings

The Verizon IndyCar Series has produced the first look of its 2018...
58m ago from Racer.com

Robin Miller's Mailbag for March 29, presented by...

Page 1 of 9 Welcome to the Robin Miller Mailbag as presented by Honda...
6h ago from Racer.com

Popular On TotalWRC.com

Test date set for Polo R5

Development under way on Volkswagen’s WRC 2 car
1d 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...

Pre-Event Test Videos #2 Tour de Corse 2017

Pre-Event Test Videos #2 (Fan Footage) Che Guevara Energy Drink Tour de...
1d ago from WRC.com

Germany rings the changes

New stages and a new service base in 2017
6d ago from WRC.com

Popular On GunnersToday.com

Arsenal legend makes shock claim about Arsene Wenger's...

Arsene Wenger has faced increasing pressure from fans to stand down as...
6h ago from Express.co.uk

Chelsea's five most likely transfers this summer: Odds...

GETTY Chelsea wabt Southampton defender Virgil van Dijk Virgil van Dijk -...
4h ago from Express.co.uk

Comments

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.