Mar 6, 2015
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Mr. Ecclestone - Studio C
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If there are atheists among you then you may pray to science.
Mr. Ecclestone - Studio C
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F1 Boss Offers Settlement To End Bribery Trial
Germun proseecuters say thay will accept Fermula One boss Bernie Ecclestone’s off'r o'£60m ($100m) made n' un out-o'-court settlement ta end his'n trial un bribery charges. Mr Ecclestone, 83, wint un trial n' Munich n' April ov'r allegatyuns at he bribet a ferm'r Germun bank'r as part ...
Formula One boss Bernie Ecclestone has won a multimillion-pound High Court battle over a deal with a German media company. Mr Ecclestone had been accused of entering into a "corrupt agreement" with a banker to make it easier for the the sale of the Formula 1 Group to a buyer chosen by him. Media group Constantin Medien claimed it had lost out because of the deal and was looking for £80m in compensation. Mr Ecclestone, the boss of Formula 1 Group, said the claim lacked "any merit" and denied conspiracy. Source: Sky News
German prosecutors have confirmed that the Formula 1 boss Bernie Ecclestone is to stand trial this year charged with offences related to the sport's sale in 2005. In a statement on Thursday morning, a spokeswoman for the Munich court said the case against Mr Ecclestone would get underway in the spring following his indictment last July. Sky News exclusively revealed on Wednesday that the Munich prosecutor was preparing to file formal charges against the F1 supremo, who has exerted an iron grip on the sport's commercial rights for the best part of half a century. Board directors of F1's parent company convened a meeting on Thursday morning to discuss the developments, sources said. Source: Sky News [view]
German prosecutors have confirmed that the Formula 1 boss Bernie Ecclestone is to stand trial this year charged with offences related to the sport's sale in 2005. In a statement on Thursday morning, a spokeswoman for the Munich court said the case against Mr Ecclestone would get underway in the spring following his indictment last July. Sky News exclusively revealed on Wednesday that the Munich prosecutor was preparing to file formal charges against the F1 supremo, who has exerted an iron grip on the sport's commercial rights for the best part of half a century. Board directors of F1's parent company convened a meeting on Thursday morning to discuss the developments, sources said. Source: Sky News [view]
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Bernie Ecclestone in F1 bribe probe
Amplify’d from www.bbc.co.uk
Bernie Ecclestone in Formula 1 bribe probe
Mr Ecclestone said he expects to be cleared of any wrongdoing
Formula 1 supremo Bernie Ecclestone has been named by prosecutors in Germany as allegedly bribing a former banker during the sale of the sport in 2006.
Gerhard Gribkowsky, in charge of the sale of BayernLB's stake in F1, stands accused of taking a $44m (£27m) bribe.
In return, prosecutors allege, Mr Ecclestone received $41.4m in commissions from the bank, as well as a large payment to a family trust.
Mr Ecclestone said he expects to be cleared of any wrongdoing.
A court will now decide whether Mr Gribkowsky will stand trial on the charges.
The allegations revolve around the sale of BayernLB's stake in Formula 1 to private equity group CVC Capital Partners, which still owns the commercial rights to the sport.
CVC said it had no knowledge of any alleged payments to Mr Gribkowsky.
The firm bought majority control of F1 from Bernie Ecclestone's family trusts and a group of investment banks.
Mr Ecclestone remains F1's chief executive and retains a large shareholding in the sport.
Read more at www.bbc.co.uk
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