News Details
'Bernie afraid of losing grip on F1'
Munich prosecutors believe F1 boss Bernie Ecclestone allegedly bribed a German banker because he was afraid of losing his grip on the racing series.
The charges released Monday allege Ecclestone paid banker Gerhard Gribkowsky about $44 million so the Formula One Group would be sold to a buyer acceptable to Ecclestone.
Gribkowsky was in charge of selling BayernLB's 47 percent stake in F1 to CVC Capital Partners in 2005. He has already been found guilty of corruption, tax evasion and breach of trust and is serving an 8½-year prison sentence.
Ecclestone's trial is set to start April 24 in Munich. Ecclestone acknowledged during Gribkowsky's trial that he made the payment to avoid being...
Full Story »
Full Story »
11y ago from PlanetF1.com
0
You May Also Be Interested In...
Ecclestone was afraid of losing grip as Formula 1 big...
Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP...
11y ago from GrandPrix247.com
Ericsson losing half a second in weight
Marcus Ericsson has revealed he is losing half a second per lap to...
11y ago from Crash.net
April starts with a bang for Formula One
Everybody expected April to be a crucial time for Formula One. It was the...
11y ago from F1Pulse.com
Bernie quietens talk of team buy-in
The F1 teams won't be getting their hands on the sport any time soon as...
11y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia "struggled to accept" new...
No description available...
5h ago from Motorsport.com
Jorge Lorenzo: “Maverick Vinales has more talent and...
No description available...
6h ago from Motorsport.com
MotoGP shelves ‘leg wing’ ban but will revisit...
No description available...
1d ago from Motorsport.com
Honda to debut 2027 MotoGP bike in Sepang this week
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Simpson hoping Sunoco partnership grows into...
No description available...
1d ago from Motorsport.com
Sunoco makes full-time IndyCar return as primary...
No description available...
4d ago from Motorsport.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
4d ago from MotorsportWeek.c...
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Jon Armstrong joins Josh McErlean in new M-Sport Ford...
No description available...
1h ago from Motorsport.com
Sebastien Loeb admits you “need some luck to win”...
No description available...
1d ago from Motorsport.com
Yohan Rossel and Nikolay Gryazin spearhead Lancia’s...
Team Lancia Corse HF has announced the 2025 WRC2 championship runners-up...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal latest: White 'out for a month' as defensive...
No description available...
9h ago from SkySports.com
Another defensive injury increases January transfer...
Morning all. It's a bit mad to think that after spending so much during...
10h ago from Arseblog.com
Arsecast Extra Episode 671 – 15.12.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
1d ago from Arseblog.com
Ref Watch LIVE! Arsenal's controversial opener, should...
No description available...
1d ago from SkySports.com
Comments
Hottest News
F1 prize money reveals huge multi-million increases in 2025
Competing for the F1 constructors' championship... Read More »
39m ago from RacingNews365.com
F1 boss swaps pitwall for podium in stunning victory
Williams F1 team principal James Vowles swapped... Read More »
1h ago from GPFans.com
How ‘well-managed' F1 regulations exacerbated...
Fred Vasseur has said the F1 rules were good for... Read More »
1h ago from MotorsportWeek.com
