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Ecclestone to face bribery charges
– Bernie Ecclestone, President and CEO of Formula One Management (FOM), will be tried on bribery charges relating to an alleged corrupt payment, a German court ruled on Thursday morning. Judges in Munich had been debating as to whether the 83-year-old should face trial over the secret transfer of $44m (£27m) to German banker Gerhard Gribkowsky, who was involved in organising Formula 1's sale. According to sources, Ecclestone will step down from the board of current Formula 1 owners CVC Capital Partners while the trial progresses, but is to remain in charge of the day-to-day running of the sport. Ecclestone already faces a £90 million civil claim in London's High Court, initiated by...
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11y ago from GPUpdate.net
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