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 »
Full Story »
10y ago from GrandPrix247.com
0
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...
10y ago from ThisIsF1.com
Ecclestone offer rejected by German bank
German bank BayernLB has turned down a £20 million settlement offer from...
10y ago from Crash.net
German bank rejects Bernie's offer
Bernie Ecclestone's legal woes may not be over after Munich-based bank...
10y ago from PlanetF1.com
German bank rejects £33m Ecclestone settlement offer
Getty Images Enlarge German bank BayernLB has rejected a settlement...
10y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
EU approves Liberty Media's purchase of MotoGP and...
Liberty Media has received unconditional approval from the European...
2h ago from MotorsportWeek.c...
Liberty Media given “unconditional” green light...
No description available...
2h ago from Motorsport.com
Fabio Di Giannantonio ecstatic with ‘dream' and...
Fabio Di Giannantonio secured his second Grand Prix podium of the 2025...
3h ago from MotorsportWeek.c...
The winners and losers from MotoGP's Italian Grand Prix
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers from IndyCar’s Road America...
No description available...
18h ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
20h ago from MotorsportWeek.c...
Santino Ferrucci hangs on for Road America podium,...
No description available...
19h ago from Motorsport.com
Ferrucci survives early race ‘mayhem’ to earn...
Santino Ferrucci finished third in Sunday’s race from Road America,...
19h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
5d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal have new first choice striker target,...
Arsenal have been trying to sign a striker for several windows, and the...
4h ago from FreshArsenal.com
Arsecast Extra Episode 645 – 23.06.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
5h ago from Arseblog.com
“He is guaranteed goals” - William Gallas tells...
Pundit William Gallas has urged Arsenal to snub their latest transfer...
8h ago from SportsKeeda.com
The summer of chaff
Morning all. After a couple of weeks of travelling it's time to get my...
10h ago from Arseblog.com
Comments
Hottest News
Sebastien Buemi reveals Formula E contract extension talks
Sebastien Buemi had been linked with an exit from... Read More »
1h ago from RacingNews365.com
Lewis Hamilton reveals constant Ferrari engineers 'battle'...
Lewis Hamilton finds himself still searching for... Read More »
1h ago from RacingNews365.com
Liberty Media acquisition of MotoGP cleared by European...
Formula 1 owners, Liberty Media received... Read More »
2h ago from GrandPrix247.com
