News Details
Ecclestone offer rejected by German bank
German bank BayernLB has turned down a £20 million settlement offer from F1 supremo Bernie Ecclestone. The bank claims Ecclestone undervalued F1 when it was sold back in 2006. “BayernLB has rejected Mr Ecclestone's settlement offer,” a spokesman for BayernLB told Reuters on Friday. Eccelstone's lawyer in Munich has declined to comment. The news comes after a court in Munich agreed a settlement of around £60 million to end his bribery trial this week. The 83-year-old had been on trial since April. He was accused of paying German banker Gerhard Gribkowsky £26m to help ensure a stake in F1 was sold to a company he favoured. Ecclestone has always denied the charges and while he admitted...
Full Story »
Full Story »
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...
11y ago from ThisIsF1.com
Ecclestone hails ‘capitalist’ court settlement
Ecclestone hails ‘capitalist' court settlementPosted On 06 Aug...
11y ago from ThisIsF1.com
Ecclestone trial set to end after settlement
– Formula 1 supremo Bernie Ecclestone has agreed a settlement worth...
11y ago from GPUpdate.net
Ecclestone trial to end after settlement
– Bernie Ecclestone's bribery trial will come to an end after the...
11y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta leads MotoGP standings after opener –...
No description available...
19h ago from Motorsport.com
How Raul Fernandez is chasing his next MotoGP contract
No description available...
1d ago from Motorsport.com
No new Yamaha MotoGP engine until after French GP,...
No description available...
2d ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Pit stop mishap hinders Mick Schumacher in oval debut
No description available...
17h ago from Motorsport.com
Complete IndyCar championship standings after Phoenix
No description available...
1d ago from Motorsport.com
Single-car pole qualifying announced for inaugural...
The NTT IndyCar Series has made an adjustment to the qualifying...
15h ago from MotorsportWeek.c...
Phoenix delivers with action-packed IndyCar return
For the first time since 2018, the NTT IndyCar series contested an event...
14h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
3d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
5d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Romano confirms Arsenal plan of completing 52 million...
Arsenal are preparing to complete the permanent signing of defender Piero...
45m ago from CaughtOffside.com
Ex-Chelsea and Liverpool star Joe Cole predicts...
Joe Cole has predicted a UEFA Champions League final between Arsenal and...
55m ago from SportsKeeda.com
FA Cup fifth round: talking points from the...
Dowman and Rio Ngumoha staked their claim for more game time while Fulham...
1h ago from TheGuardian.com
Resting and coping
Morning all. Welcome to a brand new week. I don't know if this is at all...
2h ago from Arseblog.com
Comments
Hottest News
F1MATHS: Telemetry shows where Mercedes' enormous advantage...
The first qualifying session of the 2026 Formula... Read More »
2h ago from F1Technical.net
F1 ‘set to cancel’ Bahrain and Saudi Arabian Grands Prix
F1 could be ‘set to cancel’ the upcoming... Read More »
1h ago from GPFans.com
Fernando Alonso says it is optimistic to expect Aston...
Fernando Alonso has cast doubt on Aston... Read More »
1h ago from GrandPrix247.com
