News Details
Bank rejects Ecclestone's compensation offer
Bernie Ecclestone with Gerhard Gribkowsky
Formula 1 supremo Bernie Ecclestone's legal troubles are not yet over.
Before he ended his corruption trial in Munich by agreeing to pay $100 million to the Bavarian state, it emerged that Ecclestone was also willing to compensate the state-controlled bank BayernLB to the tune of 25 million.
It was reported that the compensation offer to the bank, a former shareholder of Formula 1′s commercial rights, was valid only until last Friday.
One of Ecclestone's lawyers said at the time that the 25 million offer was not an admission of guilt, nor compensation for any alleged damage done to BayernLB through the disputed $44 million payment to jailed...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
German Bank Rejects $33m Offer from F1 boss Bernie...
German Bank Rejects $33m Offer from F1 boss Bernie EcclestonePosted On 08...
11y ago from ThisIsF1.com
Ecclestone offer rejected by German bank
German bank BayernLB has turned down a £20 million settlement offer from...
11y ago from Crash.net
German bank rejects Bernie's offer
Bernie Ecclestone's legal woes may not be over after Munich-based bank...
11y ago from PlanetF1.com
German bank rejects £33m Ecclestone settlement offer
Getty Images Enlarge German bank BayernLB has rejected a settlement...
11y ago from espnF1.com
Elsewhere On The Network
Popular On MGPToday.com
Senior Honda MotoGP executive exits as HRC restructure...
No description available...
15h ago from Motorsport.com
All the records Marc Marquez can break in MotoGP 2026
No description available...
18h ago from Motorsport.com
MotoGP to set minimum salary for riders from 2027
No description available...
1d ago from Motorsport.com
Honda stuck at "similar potential" to 2025...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
PREMA confirmed to miss opening IndyCar round
PREMA will not be present for this weekend’s season-opening round of...
12h ago from MotorsportWeek.c...
Marcus Ericsson going into 2026 season with “chip on...
No description available...
11h ago from Motorsport.com
Ed Carpenter Racing enter technical partnership with...
No description available...
11h ago from Motorsport.com
Ticket design for 110th Indianapolis 500 unveiled
The ticket design for this upcoming May’s 110th running of the...
12h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
16h ago from Motorsport.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Liverpool, Arsenal, Man Utd scouts busy as 18-year-old...
Liverpool, Arsenal and Manchester United are interested in signing the...
7h ago from CaughtOffside.com
Arsenal could renew interest in 250k-a-week 'machine',...
Leon Goretzka continues to be linked with a move away from Bayern Munich...
11h ago from CaughtOffside.com
Pitch Points: Bodø/Glimt give us hope for the future;...
world of soccer throws up no shortage of questions. Today, Graham Ruthven...
10h ago from TheGuardian.com
Martin Odegaard warned his place in starting XI no...
Arsenal’s emphatic 4-1 victory over Tottenham has not only reignited...
22h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton and Ferrari F1 under threat at Australian GP...
Lewis Hamilton's Ferrari F1 team may have been on... Read More »
7h ago from GPFans.com
Aston Martin handed 'no miracle cure' warning after Honda...
After days of investigation, RacingNews365... Read More »
9h ago from RacingNews365.com
Is Honda really at fault? Adrian Newey could be the real...
The past week has been an unwelcome throwback to... Read More »
18h ago from GPFans.com
