News Details
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.
But Ecclestone, 83, said he paid the millions because Gribkowsky was alluding to alerting the British tax authorities about his personal affairs.
First, the diminutive Briton testified on Tuesday, Gribkowsky was pressuring him to invest a whopping $250 million in a joint real estate business.
"I told him that I was not interested," Ecclestone said.
But then Ecclestone, who said Gribkowsky's...
Full Story »
Full Story »
11y ago from GrandPrix.com
0
You May Also Be Interested In...
F1 boss says Gribkowsky payment an ‘insurance...
F1 boss says Gribkowsky payment an ‘insurance policy'Posted On 15...
11y ago from ThisIsF1.com
Ecclestone: I was a sarcastic when I asked would 50...
Bernie Ecclestone in court
Formula 1 boss Bernie Ecclestone told a...
11y ago from GrandPrix247.com
CVC’s chief Donald Mackenzie backs Ecclestone in...
CVC's chief Donald Mackenzie backs Ecclestone in courtPosted On 10 Jul...
11y ago from ThisIsF1.com
F1 boss explains payment to banker
Formula One boss Bernie Ecclestone told a court on Tuesday that a...
11y ago from SuperSport.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini: 'You get scared at Balaton; changes...
No description available...
5h ago from Motorsport.com
Honda confirms Luca Marini to remain a factory rider...
Honda Racing Corporation has confirmed Luca Marini will remain as its...
9h ago from MotorsportWeek.c...
MotoGP riders reveal first laps of new Balaton Park...
No description available...
10h ago from Motorsport.com
Johann Zarco extends LCR Honda stay through 2027...
Johann Zarco will be staying with LCR Honda after agreeing to a two-year...
9h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Louis Foster narrowly secures IndyCar Rookie of the...
After a season-long battle with two other rookies in the NTT IndyCar...
6h ago from MotorsportWeek.c...
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
17h ago from Motorsport.com
Penske’s Josef Newgarden wins wild 2025 IndyCar...
No description available...
20h ago from Motorsport.com
Louis Foster secures 2025 IndyCar Rookie of the Year...
No description available...
19h ago from Motorsport.com
Popular On TotalWRC.com
Sebastian Ogier wants WRC title by “winning...
No description available...
3h ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
19h ago from Motorsport.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
1d ago from Motorsport.com
Sebastian Ogier and Vincent Landais win inaugural...
After dropping over half a minute on the opening day to winning Rally del...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Report: Arsenal pull off double deal on deadline day...
Arsenal outcasts Albert Sambi Lokonga and Fabio Vieira are now joining...
56m ago from CaughtOffside.com
2 Arsenal stars closing in on move to surprise...
Bundesliga side Hamburg are reportedly set to sign Arsenal stars Albert...
4h ago from SportsKeeda.com
What I learned from interviewing this former Arsenal...
It doesn’t really surprise me to see Emi Martinez looking for a move to...
5h ago from CaughtOffside.com
Exclusive: Arsenal expert on how 'sensational signing'...
Arsenal FC journalist Charles Watts has had his say on the seemingly...
7h ago from CaughtOffside.com
Comments
Hottest News
Former Fernando Alonso F1 team-mate arrested
One of Fernando Alonso's former team-mates has... Read More »
5h ago from RacingNews365.com
Lewis Hamilton offered lifeline after late FIA penalty...
As soon as Lewis Hamilton’s penalty was... Read More »
26m ago from GPFans.com
McLaren identify cause of painful Lando Norris retirement
McLaren has accepted fault for Lando Norris'... Read More »
10h ago from RacingNews365.com
