Tag Archive: Bernie Ecclestone

Sep 01

Verstappen was ‘prepared’ for F1 debut criticism

Max Verstappen says he was “prepared” for the waves of criticism about his formula one debut in 2015.

Max Verstappen portrait News that the 16-year-old Dutchman will make history as the sport’s youngest ever race driver for Toro Rosso next year has been controversial. Read the rest of this entry »

Aug 29

Departed backers ended New York race hopes – Ecclestone

Plans for a New York street race were foiled by financial backers that pulled out, Bernie Ecclestone has revealed.

2011-06-26_0247 A second American grand prix, in New Jersey but amid the iconic Manhattan skyline, has appeared on draft calendars for some time but the F1 supremo now admits it is unlikely to happen. Read the rest of this entry »

Aug 27

Honda wants Vettel, Newey for McLaren project – Minardi

Even boss Eric Boullier admits the protracted deliberations are unusual for McLaren.

2014-01-16_0495Gian Carlo Minardi, a former F1 team owner and boss, thinks Sebastian Vettel and Adrian Newey might be convinced to switch to

McLaren. Read the rest of this entry »

Aug 26

FIA not likely to investigate Rosberg crash

The F1 world is split over Nico Rosberg’s actions in the Belgian grand prix.

2014-07-18_0873 - Mercedes AMG Petronas - Germany - Nico Rosberg Jenson Button, Lewis Hamilton’s former McLaren teammate, thinks the incident that left the 2008 world champion almost 30 points behind the sister Mercedes was questionable at best. Read the rest of this entry »

Aug 26

Ecclestone still fighting with German bank

Bernie Ecclestone remains at legal loggerheads with the Munich state bank BayernLB.

2011-07-30 - HRT F1 Team - Hungary - Bernie Ecclestone 01 When the sport’s supremo controversially yet successfully settled with German prosecutors for $100 million, he had at the time also made an offer of $25 million to the aggrieved bank and former F1 shareholder BayernLB. Read the rest of this entry »

Aug 24

Ecclestone returns to F1′s executive board

Bernie Ecclestone has returned to the executive board of F1′s parent company.

2013-06-06_0008 Although he remained F1 chief executive, the 83-year-old had stepped down from Delta Topco amid his corruption trial in Germany. Read the rest of this entry »

Aug 23

Ecclestone sure about Russia, not about New York

“We have a contract”

2014-08-13 - Sochi 3 Bernie Ecclestone insists formula one is definitely going to controversial Russia — but he is much less sure about a race in New York. Read the rest of this entry »

Aug 22

Bank ‘not closed’ to higher Ecclestone settlement

Bernie Ecclestone looks set for new settlement talks.

2012-06-10_0439 After he ended his criminal troubles in Germany recently with a controversial $100 million payment, the F1 supremo’s legal troubles nonetheless went on when the Munich bank BayernLB rejected his EUR 25 million settlement offer. Read the rest of this entry »

Aug 21

New Nurburgring owner misses payment due date

The Nurburgring’s sale has hit a fork in the road.

Nurburgring logo In March, the financially embattled German grand prix host was bought for a reported EUR 77 million by a Dusseldorf based automotive group called Capricorn. Read the rest of this entry »

Aug 21

Ecclestone settled case for good of F1 – lawyer

Bernie Ecclestone ended his bribery trial with a record $100 million payment for the good of formula one.

2012-11-15_0008 That is the claim of the F1 supremo’s lawyer Sven Thomas, who told Forbes he thinks the legal team did a “good job because the other guy got eight and a half years”. Read the rest of this entry »

Aug 14

Ecclestone holidays after paying $100m settlement

Ecclestone is celebrating the end of proceedings by holidaying aboard his huge luxury yacht Petara

2011-06-09_0314 Bernie Ecclestone’s bribery trial and charges have been officially dropped, after the F1 supremo lodged his controversial $100 million settlement with Munich authorities. Read the rest of this entry »

Aug 11

F1 pushing on with Russia GP plans

Russia and formula one are pushing ahead with preparations for the country’s inaugural grand prix.

Autodrome in Sochi There have been doubts about the viability of the Sochi race in recent weeks, particularly after the MH17 disaster. But Russia’s Championat claims that preparations for the Russian grand prix, scheduled for mid October, are ongoing. Read the rest of this entry »

Aug 11

Bank rejects Ecclestone’s compensation offer

Bernie Ecclestone’s legal troubles are not yet over.

2013-06-07_0008 Before he ended his corruption trial in Munich by agreeing to pay $100 million to the Bavarian state, it emerged that the ‘F1 supremo’ was also willing to compensate the state-controlled bank BayernLB to the tune of EUR 25 million. Read the rest of this entry »

Aug 07

German charity ‘surprised’ by $1m Ecclestone payment

SID news agency said the payment is the largest in the charity’s history.

2013-06-07_0008Officials of a German children’s charity were completely surprised when it emerged Bernie Ecclestone would pay them $1 million. Read the rest of this entry »

Aug 06

Ecclestone hails ‘capitalist’ court settlement

“It’s certainly a bit unfortunate to pay so much money”

2011-06-09_0303 Bernie Ecclestone on Wednesday hailed the “capitalist system” that saw him escape a bribery trial by paying the German court a record $100 million settlement. Read the rest of this entry »

Aug 06

Schu manager Weber slams ‘complaining wimp’ drivers

“There are no more Michael Schumachers, Ayrton Sennas, Jacques Villeneuves.”

Willi Weber Schumacher 091220 Willi Weber, famous for making his fortune as Michael Schumacher’s ‘Mr 20 per cent’ manager, has joined those decrying the new face of formula one. Read the rest of this entry »

Aug 06

‘Free man’ Ecclestone goes back to work on F1

Bernie Ecclestone is going straight back to work after agreeing a $100 million deal to end his bribery trial in Munich.

Bernie Ecclestone-11-2010 Amid high controversy and suggestions F1′s major stakeholders and his employer CVC might not be happy with Tuesday’s news, it was confirmed that the outcome of the court proceedings is that the 83-year-old is a “free man”. Read the rest of this entry »

Aug 05

Judge ends Ecclestone trial after $100m deal

If he is able to get $100 million together within a week, all charges will be dropped.

2012-06-07_0345 Bernie Ecclestone walked out of court on Tuesday with the corruption scandal that threatened to end his F1 reign and leave him in jail effectively over. Read the rest of this entry »

Aug 05

No F1 ‘popularity’ crisis meeting for now – report

F1 chiefs have now cancelled until further notice a scheduled meeting of the newly-formed ‘popularity working group’.

2014-07-20 - Williams Martini Racing - Germany - Valterri Bottas 01 teams Originally scheduled for last Thursday, it was called off when Mercedes’ Toto Wolff had to see a doctor after falling ill in the wake of his recent cycling crash. Read the rest of this entry »

Aug 05

Ecclestone corruption ‘acquittal’ set for Tuesday

Bernie Ecclestone is expected to put the corruption scandal behind him on Tuesday and return full-time to formula one.

Formula 1 Circuit in Sochi - Bernier Ecclestone 2 The sport’s chief executive has been caught up in a German court trial in the opening half of most weeks recently as he fends off accusations he bribed Gerhard Gribkowsky. Read the rest of this entry »

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