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
Breakthrough or false dawn? Francesco Bagnaia finds...
No description available...
19h ago from Motorsport.com
MotoGP Sepang test: Honda leads rain-hit Day 2 as...
No description available...
22h ago from Motorsport.com
Yamaha halts Sepang MotoGP running while investigating...
No description available...
1d ago from Motorsport.com
MotoGP Sepang test: Marc Marquez tops Day 1 as Fabio...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
9h ago from MotorsportWeek.c...
"It's fun," says Mick Schumacher after his...
No description available...
11h ago from Motorsport.com
Mick Schumacher found the limit “pretty early” in...
No description available...
9h ago from Motorsport.com
Felix Rosenqvist: Modern IndyCar demands driving...
Felix Rosenqvist has commented about how IndyCar drivers have to push...
19h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
1d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Hey, those things don't apply to *us*!
Morning all. Now we know that it's going to be Man City in the Carabao Cup...
45m ago from Arseblog.com
'We will try' – Pep Guardiola will seek rule...
Manchester City manager Pep Guardiola has made it clear that the club will...
1h ago from CaughtOffside.com
“He looked totally out of place” - Ruud Gullit...
Ruud Gullit has claimed that Chelsea striker Liam Delap was ‘not...
1h ago from SportsKeeda.com
Club chief speaks out on Arsenal talks over signing...
There's been talk in the last few days of Arsenal being offered the...
2h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton split prompts major Angela Cullen decision
The future of Lewis Hamilton's F1 performance... Read More »
1h ago from GPFans.com
Lewis Hamilton major Ferrari announcement delay questioned:...
Lewis Hamilton and Ferrari made the decision to... Read More »
2h ago from RacingNews365.com
Lando Norris claims he will be happy even if he never wins...
Lando Norris has stated that while he is still... Read More »
1h ago from GrandPrix247.com
