News Details
Ecclestone says Gribkowsky payment an 'insurance policy'
Bernie Ecclestone on Tuesday told his corruption trial in Munich that he made a $44 million payment to avoid bankruptcy.
Prosecutors allege the F1 chief executive paid Gerhard Gribkowsky so the banker would agree to sell the sport's commercial rights to his preferred buyer and retain power.
But Ecclestone, 83, said he paid the millions because Gribkowsky was alluding to alerting the British tax authorities about his personal affairs.
First, the diminutive Briton testified on Tuesday, Gribkowsky was pressuring him to invest a whopping $250 million in a joint real estate business.
"I told him that I was not interested," Ecclestone said.
But then Ecclestone, who said Gribkowsky's...
Full Story »
Full Story »
10y ago from GrandPrix.com
0
You May Also Be Interested In...
F1 boss says Gribkowsky payment an ‘insurance...
F1 boss says Gribkowsky payment an ‘insurance policy'Posted On 15...
10y ago from ThisIsF1.com
Ecclestone: I was a sarcastic when I asked would 50...
Bernie Ecclestone in court
Formula 1 boss Bernie Ecclestone told a...
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
F1 boss explains payment to banker
Formula One boss Bernie Ecclestone told a court on Tuesday that a...
10y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati to block Aprilia request for Jorge Martin...
Ducati boss Davide Tardozzi says the manufacturer will decline...
10h ago from MotorsportWeek.c...
Alex Marquez hits back at ‘disrespectful’...
Alex Marquez has hit back at claims he has “too much respect” for...
4d ago from MotorsportWeek.c...
Marco Bezzecchi takes responsibility for crashing out...
Marco Bezzecchi admits he made "a bad mistake" on the first lap...
3d ago from MotorsportWeek.c...
Marc Marquez identifies surprise name as his main...
Marc Marquez identified a surprise name he believes is his main MotoGP...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Lundgaard speeds to top of the charts in IndyCar’s...
The drivers of the NTT IndyCar Series sped around The Thermal Club course...
2h ago from MotorsportWeek.c...
Alex Palou fastest in Thermal practice as...
Three weeks after the season-opening round in St. Petersburg, the NTT...
20h ago from MotorsportWeek.c...
Waiting for IndyCar tech updates? Some are already...
No description available...
2d ago from Motorsport.com
Alexander Rossi: IndyCar’s hybrid helps the series...
The IndyCar hybrid powertrain continues to be a talking point around the...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Elfyn Evans weathers the storm
Elfyn Evans and Scott Martin survived the six-stage mud bath that was...
2h ago from MotorsportWeek.c...
Evans now leads toughest Safari Rally by two minutes...
No description available...
2h ago from Motorsport.com
Zebra avoidance triggers costly puncture for Rovanpera...
No description available...
9h ago from Motorsport.com
TotalEnergies steps in as new WRC fuel supplier for...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“Always will be the truth” - Eddie Nketiah shares...
No description available...
1h ago from SportsKeeda.com
Arsenal could raise £112.8m by selling eight players...
Arsenal could raise over £100m by selling eight players during the summer...
4h ago from SportsMole.co.uk
Arsenal closer to sealing important deal for 'amazing'...
Arsenal are reportedly closer to finalising the details of a new contract...
5h ago from CaughtOffside.com
Comments
Hottest News
F1 2025 Chinese Grand Prix starting grid with penalties...
Oscar Piastri will start on pole for Sunday's... Read More »
3h ago from GPFans.com
F1 News Today: Lewis Hamilton hits out as FIA announce late...
The FIA announced a late demotion at the Chinese... Read More »
14h ago from GPFans.com
Brown happy for all but one rival: 'We like George,...
Zak Brown was clearly satisfied with Oscar... Read More »
47m ago from GPBlog.com
