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 »
11y 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...
11y 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...
11y ago from GrandPrix247.com
CVC’s chief Donald Mackenzie backs Ecclestone in...
CVC's chief Donald Mackenzie backs Ecclestone in courtPosted On 10 Jul...
11y ago from ThisIsF1.com
F1 boss explains payment to banker
Formula One boss Bernie Ecclestone told a court on Tuesday that a...
11y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
Everything we know about Goiania Circuit –...
No description available...
8h ago from Motorsport.com
Heavy rain and flooding hits Autodromo Ayrton Senna...
No description available...
16h ago from Motorsport.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
1d ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
1d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
1d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
1d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
13h ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
2d ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
4d ago from Motorsport.com
WRC to return to GB in 2027 as Scotland secures...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plot £69m move for 10-goal ace to replace...
Arsenal are interested in signing the AC Milan attacker Raphael Leao at...
5h ago from CaughtOffside.com
Premier League officials appear to confirm Arsenal...
Premier League officials have admitted that Arsenal benefited from two key...
3h ago from SportsKeeda.com
Arsenal, Chelsea, and Newcastle eye 70m move for...
Newcastle United, Arsenal, and Chelsea are all keeping tabs on Christian...
6h ago from CaughtOffside.com
Mikel Arteta targets 50m+ La Liga star to supercharge...
Mikel Arteta's Arsenal are keen on acquiring the services of Real Madrid...
6h ago from CaughtOffside.com
Comments
Hottest News
George Russell linked with $300m move away from Mercedes to...
An astonishing transfer claim has been made about... Read More »
17h ago from GPFans.com
Aston Martin replacing Adrian Newey as team principal the...
Aston Martin's 2026 F1 season is descending into... Read More »
8h ago from GPFans.com
F1 News Today: Max Verstappen told to leave F1 as series...
Max Verstappen's criticism of the new F1 cars has... Read More »
3h ago from GPFans.com
