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German bank rejects $33m offer from Ecclestone
A German bank that once held a major stake in Formula One on Friday rejected Bernie Ecclestone's offer of a €25 million ($33 million) settlement in a dispute over the sale of that stake. Earlier this week, a Munich court dropped a bribery case against Ecclestone connected to the sale of Munich-based bank BayernLB's F1 stake in exchange for a $100 million payment. After hearing more than three months of evidence, the court said it had serious doubts the F1 boss could be convicted of bribery and incitement to breach of trust. Separately, BayernLB has been keeping open the option of civil proceedings against the 83-year-old Englishman. The bank did preparatory work on a damages claim...
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10y ago from F1Pulse.com
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