News Details

F1 boss Ecclestone pays to end trial

A German court has agreed to end the bribery trial of Formula 1 boss Bernie Ecclestone in exchange for a $100m (£60m) payment from him. Mr Ecclestone's offer was based on an existing provision in German law. Earlier on Tuesday German prosecutors accepted the offer from the 83-year-old billionaire who dominates motor racing. He went on trial in April, accused of paying a German banker 33m euros (£26m; $44m) to ensure that a company he favoured could buy a stake in F1. He denies wrongdoing. The ruling means he walks free from the district court in Munich and can continue running the sport. It also means Mr Ecclestone is found neither guilty nor innocent. His personal wealth is put at $4.2bn...
Full Story »
10y ago from BBC.co.uk 0
Share

You May Also Be Interested In...

Ecclestone make $100m payment, confirms court

A German court says Bernie Ecclestone has made the $100 million payment...
10y ago from F1Pulse.com

Ecclestone pays up

Bernie Ecclestone's legal troubles are behind him as a German court has...
10y ago from PlanetF1.com

Ecclestone settled case for good of F1 says lawyer

Bernie Ecclestone ended his bribery trial with a record $100 million...
10y ago from GrandPrix.com

Lawyer says Ecclestone paid $100 million for good of F1

Lawyer Sven Thomas with his client Bernie Ecclestone Formula 1 supremo...
10y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Scott Redding reflects on ‘mega' Phillip Island...

Scott Redding reflected on his "mega" Phillip Island WorldSBK...

Neil Hodgson: Pramac Yamaha MotoGP acquiring Jack...

TNT Sports pundit Neil Hodgson says Pramac Yamaha acquiring the services...
11h ago from MotorsportWeek.c...

Pierer Mobility Group restructuring plan approved by...

The Pierer Mobility Group's restructuring plan to ensure KTM's survival...

Popular On IndyCarToday.com

Dale Coyne announces askROI as full season sponsor

Dale Coyne Racing announced on Wednesday that AI-driven business askROI...

Zak Brown outlines investment that could maximize...

McLaren Racing CEO Zak Brown has released a public letter covering...

Team Penske quickest in final IndyCar test day

The NTT IndyCar Series held its second and final preseason open test day...

Pit lane speed adjustments made for 2025 IndyCar season

The NTT IndyCar Series has announced a few changes for the upcoming 2025...

Popular On TotalWRC.com

WRC drivers follow F1 in statement to FIA president

World Rally Championship drivers have penned a strongly-worded statement...

Elfyn Evans wins Rally Sweden by a whisker

Super Sunday on Rally Sweden was just that! After 300km of hard racing,...

Elfyn Evans under pressure on Rally Sweden –...

Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...

Popular On GunnersToday.com

Nottingham Forest v Arsenal – live blog

Join us for live blog coverage of our Premier League clash with Nottingham...
1h ago from Arseblog.com

Mikel Arteta asks big-name transfer guru to replace...

Arsenal manager Mikel Arteta has reportedly approached Paris Saint-Germain...
1h ago from CaughtOffside.com

Barcelona 'aim to use Ferran Torres' in 'spectacular...

Barcelona are allegedly lining a blockbuster summer move for Atletico...
3h 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.