News Details
Ecclestone offer rejected by German bank
German bank BayernLB has turned down a £20 million settlement offer from F1 supremo Bernie Ecclestone. The bank claims Ecclestone undervalued F1 when it was sold back in 2006. “BayernLB has rejected Mr Ecclestone's settlement offer,” a spokesman for BayernLB told Reuters on Friday. Eccelstone's lawyer in Munich has declined to comment. The news comes after a court in Munich agreed a settlement of around £60 million to end his bribery trial this week. The 83-year-old had been on trial since April. He was accused of paying German banker Gerhard Gribkowsky £26m to help ensure a stake in F1 was sold to a company he favoured. Ecclestone has always denied the charges and while he admitted...
Full Story »
Full Story »
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 hails ‘capitalist’ court settlement
Ecclestone hails ‘capitalist' court settlementPosted On 06 Aug...
11y ago from ThisIsF1.com
Ecclestone trial set to end after settlement
– Formula 1 supremo Bernie Ecclestone has agreed a settlement worth...
11y ago from GPUpdate.net
Ecclestone trial to end after settlement
– Bernie Ecclestone's bribery trial will come to an end after the...
11y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
14h ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
1d ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
2d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
1d ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
1d ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
1d ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg survives with healthy...
No description available...
5h ago from Motorsport.com
Solberg steals the show on Saturday
Oliver Solberg and Elliot Edmondson continued where they left off on...
5h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg in control, as Elfyn...
No description available...
13h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg moves clear of the...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal interested in signing Brazilian league...
Arsenal look unlikely to sign any senior players soon, but the club do...
1h ago from FreshArsenal.com
Report: Arsenal ‘in talks' to sign Real Madrid...
Arsenal are stepping up their long-term recruitment planning, with sources...
1h ago from FreshArsenal.com
Jermaine Jenas warns Arsenal about 3 Manchester United...
Former Tottenham Hotspur midfielder Jermaine Jenas has warned Arsenal that...
5h ago from SportsKeeda.com
Talks held: Arsenal planning transfer move for £43m...
Arsenal are reportedly discussing a potential future transfer move for...
6h ago from CaughtOffside.com
Comments
Hottest News
Charles Leclerc suffers very unfortunate mishap during...
There's low-hanging fruit, and then... Read More »
3h ago from GPFans.com
Lewis Hamilton left stunned after first Ferrari 2026 F1 laps
Ferrari unveiled to the world its new car for the... Read More »
12h ago from RacingNews365.com
Lewis Hamilton stunned after Ferrari test as Charles...
Check out the biggest stories from Saturday,... Read More »
3h ago from RacingNews365.com
