Tag Archive: Munich

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 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 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

‘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 04

F1 to ‘welcome’ Ecclestone court settlement – Lauda

“If Bernie stops, it would have been a disaster for formula one”

2014-06-07_0324 Niki Lauda says F1 should “welcome” the news that Bernie Ecclestone looks to have settled the high-profile corruption case that threatened his role at the top of the sport. Read the rest of this entry »

Jul 29

Ecclestone offers EUR 25m to settle bribery case

Bernie Ecclestone is willing to pay EUR 25 million to settle the corruption case, media reports said on Tuesday.

The German news agency DPA said the F1 chief executive’s lawyers made the proposal to pay the money to BayernLB, despite arguing the bank suffered no financial loss. Read the rest of this entry »

Jul 18

Schumacher family stops publication of hospital photos

With Michael Schumacher fighting for recovery in a Swiss clinic, his family has also been fighting on another front.

2012-04-22 - Mercedes AMG Petronas F1 Team - Bahrain Grand Prix - Michael Schumacher 03 EFE news agency reports that the publisher Hubert Burda Media, owner of the German news weekly Bunte, has been legally banned by a Munich court from publishing certain photographs of Schumacher’s wife Corinna. Read the rest of this entry »

Jul 15

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. Read the rest of this entry »

Jul 10

CVC’s Mackenzie backs Ecclestone in court

F1 owner CVC’s chief Donald Mackenzie on Wednesday gave Bernie Ecclestone a boost.

2011-06-09_0303 Mackenzie, CVC’s co-founder and chairman, has not always seen eye-to-eye with F1’s controversial ‘supremo’, and has even warned that Ecclestone risks expulsion over the Gerhard Gribkowsky bribery affair. Read the rest of this entry »

Jul 09

Ecclestone’s bribery trial extended

Bernie Ecclestone’s Munich trial has been extended.

Charlie Whiting -Bernie Ecclestone - photo Getty Images Originally, the F1 chief executive’s corruption hearings were set to continue only until mid-September. But the Austrian news agency APA reports that, on Tuesday, presiding judge Peter Noll presented to court additional dates through mid-October. Read the rest of this entry »

Jul 03

Another witness backs Ecclestone’s bribery defence

Bernie Ecclestone’s run of good form in court continued on Wednesday.

2011-06-09_0303 Already this week, as the F1 supremo’s trial resumed in Munich, the testimony of a former BayernLB official seemed to indicate weaknesses in the prosecution’s claim that he bribed Gerhard Gribkowsky. Read the rest of this entry »

Jul 02

Witness gives Ecclestone good day in court

Bernie Ecclestone’s defence got a boost on Tuesday, as the corruption trial continued in Munich.

2012-11-15_0008 If found guilty of having bribed the jailed former F1 banker Gerhard Gribkowsky, the sport’s chief executive will certainly lose his job, and probably also be jailed. Read the rest of this entry »

Jun 27

FIA approves controversial grid restarts for 2015

The FIA has approved restarting races from the grid after safety car periods from 2015.

2014-06-04_0030 The controversial rule change, undoubtedly designed to spice up the ‘show’, was agreed by the decision-making F1 Commission recently but only rubber-stamped by the World Motor Sport Council in Munich on Thursday. Read the rest of this entry »

Jun 27

Report – Thursday ‘the end’ for struggling teams?

F1’s last chance to slash costs for struggling teams has now passed.

2014-03-30 - Sahara Force India F1 Team - Malaysia -Sergio Perez - Teams The FIA’s World Motor Sport Council met in Munich on Thursday, less than a mere handful of days before the end-of-June deadline for rule changes to be made for 2015 without the near-impossible need for unanimity. Read the rest of this entry »

Jun 26

Ferrari eyeing F1 turbo supplier switch – report

“Ferrari has its historical partners”

IMG_5863 Just like struggling world champions Red Bull, fellow F1 grandee Ferrari is also looking for a way out of its engine problems in 2014. Read the rest of this entry »

Jun 26

F1 official ended Ecclestone testimony ‘in tears’

F1’s chief legal officer ended her day in tears after appearing as a witness during the Bernie Ecclestone bribery trial.

2012-06-07_0273 Earlier this year, it emerged that, with Ecclestone’s powers diminished during the scandal and high-profile trial, 44-year-old Sacha Woodward-Hill would help her boss with the day-to-day running of the sport. Read the rest of this entry »

Jun 25

Gribkowsky told German intelligence of Ecclestone threats

That is the latest bombshell to emerge this week from F1 chief executive Ecclestone’s bribery trial in Munich.

Gerhard Gribkowsky contacted the BND, Germany’s foreign intelligence agency or Bundesnachrichtendienst, when he claimed Bernie Ecclestone was threatening him. Read the rest of this entry »

Jun 19

F1 figures in crucial meetings before Austria GP

Crucial talks about the future of formula one are speeding ahead.

2014-06-14-1001 Between the Canadian and Austrian grands prix, team bosses, FIA president Jean Todt and Bernie Ecclestone reportedly got together for meetings in London. Read the rest of this entry »

Jun 06

Ecclestone offered to pay to prevent trial

Bernie Ecclestone says he offered to pay more than $40 million to stop the Gerhard Gribkowsky bribery affair.

Formula 1 Circuit in Sochi - Bernier Ecclestone 2 Writing in the Independent newspaper, F1 business journalist Christian Sylt said the money Ecclestone used to pay the jailed banker was funded by his commission for the sale of BayernLB’s commercial rights. Read the rest of this entry »

May 29

Good week in court for Ecclestone

Bernie Ecclestone has had a heartening couple of days in court this week.

2012-11-15_0008 The latest witness to appear in Munich for F1 chief executive’s bribery trial was a former colleague of the jailed Gerhard Gribkowsky. Read the rest of this entry »

May 23

Ecclestone hints he could ‘leave F1 tomorrow’

Bernie Ecclestone has hinted he is close to stepping down as F1 supremo.

2011-06-09_0303 Most insiders believe that, with star witness Gerhard Gribkowsky often sounding contradictory or unbelievable, Ecclestone’s Munich corruption trial is going well for the 83-year-old. Read the rest of this entry »

May 22

Ill Ecclestone will not miss Monaco

Bernie Ecclestone will not skip this weekend’s Monaco grand prix.

Bernie Ecclestone portrait On Tuesday, the judge in the F1 supremo’s corruption trial in Munich adjourned the case because Ecclestone, 83, is suffering from a bad cold. Read the rest of this entry »

May 20

Ecclestone illness halts bribery trial

The brakes were applied to Bernie Ecclestone’s corruption trial on Tuesday.

2012-11-15_0008 The F1 chief executive is appearing once or twice per week in Munich for the court proceedings, in which he is charged with bribing the jailed banker Gerhard Gribkowsky. Read the rest of this entry »

May 15

Ecclestone, Gribkowsky ‘battled for F1 control’ – witness

Bernie Ecclestone and Gerhard Gribkowsky clashed over “control” of formula one.

That was the testimony on Wednesday offered in court by investigative author Tom Bower, who in 2011 wrote a biography about the embattled F1 chief executive called “No Angel — the secret life of Bernie Ecclestone”. Read the rest of this entry »

May 14

Ecclestone desperate to cling to F1 power – witness

He said that Ecclestone had once said he would rather “die in a puddle of fuel”

Bernie Ecclestone portrait The man jailed for accepting Bernie Ecclestone’s alleged bribes depicted the F1 ‘supremo’ on Tuesday as someone desperate to cling to power. Read the rest of this entry »

May 13

‘No one’ ready to succeed Ecclestone – Mateschitz

Dietrich Mateschitz claims formula one is staring into the abyss.

2012-02-09 - Red Bull Racing - Adrian Newey - Dietrich Mateschitz On Tuesday, F1’s long-time chief executive and ‘supremo’ Bernie Ecclestone will be back in a Munich courtroom, battling for his future and freedom over the Gerhard Gribkowsky bribery affair. Read the rest of this entry »

May 12

‘Stressful’ time for careworn Ecclestone – Horner

“Bernie is the one who holds everything together”

Bernie Ecclestone cut a careworn figure in the Barcelona paddock at the weekend, as the sport’s chief executive clings to F1 power. Read the rest of this entry »

May 09

Ecclestone meets Gribkowsky at Munich trial

F1’s most familiar face was missing on Friday as the sport practiced in Barcelona.

That is because, more than 1000 kilometres away, F1 chief executive Bernie Ecclestone was in a Munich court, fighting for his future and freedom. Read the rest of this entry »

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