News Details

F1 boss explains payment to banker

Formula One boss Bernie Ecclestone told a court on Tuesday that a multi-million dollar payment to a jailed German banker was designed to buy the man's silence. Given detailed evidence for the first time in his bribery trial, Ecclestone repeated earlier statements that the payment to former BayernLB chief risk officer Gerhard Gribkowsky was an insurance policy after the German put him under pressure over his tax affairs. "I was a little sarcastic when I asked would 50 million help you?," Ecclestone said of a conversation with Gribkowsky. "It was the cheapest insurance policy I have ever seen," added the Briton, a billionaire who is a familiar face to millions of motor...
Full Story »
10y ago from SuperSport.com 0
Share

You May Also Be Interested In...

CVC boss says Ecclestone drove hard bargain over F1...

Bernie Ecclestonewith Donald Mackenzie Formula 1 supremo Bernie...
10y ago from GrandPrix247.com

CVC’s chief Donald Mackenzie backs Ecclestone in...

CVC's chief Donald Mackenzie backs Ecclestone in courtPosted On 10 Jul...
10y ago from ThisIsF1.com

Ecclestone's bribery trial extended

Bernie Ecclestone Formula 1 chief executive Bernie Ecclestone's Munich...
10y ago from GrandPrix247.com

CVC's Mackenzie backs Ecclestone in court

F1 owner CVC's chief Donald Mackenzie on Wednesday gave Bernie Ecclestone...
10y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

What to expect from KTM in the MotoGP 2025 season

Ahead of the 2025 MotoGP season there has been concern over the future of...
10h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Andretti Global shows off new liveries for 2025...

Andretti Global has revealed a trio of new liveries for the team’s cars...

Penske President Tim Cindric to reduce leadership role

Team Penske announced on Friday afternoon that long-time President Tim...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal's humble jibes to Erling Haaland are 'good for...

Arsenal's 'banter' towards Manchester City's Erling Haaland in Sunday's...
14m ago from SportsMole.co.uk

Arsenal can emulate 1998 Premier League title heroes...

Arsenal's 5-1 win over Manchester City will give the Gunners 'massive...
4h ago from SportsMole.co.uk

Rating every Premier League club's January transfer...

Unlike this time last year, the January transfer window was a busy one for...
5h ago from CaughtOffside.com

Arsenal January transfer window review: Kroenke blame...

Arsenal's failure to bring in any new signings in January 'rubber-stamped'...
4h ago from SportsMole.co.uk

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.