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
MotoGP Sepang shakedown test: Schedule, riders and how...
No description available...
9h ago from Motorsport.com
Aprilia confirms Jorge Martin will miss Sepang MotoGP...
No description available...
13h ago from Motorsport.com
Why KTM thinks it "hasn't done enough yet"...
No description available...
11h ago from Motorsport.com
Pedro Acosta on MotoGP silly season rumours: “Those...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
D.C. race "would be massive opportunity for...
No description available...
5h ago from Motorsport.com
Ryan Briscoe to coach RLL drivers, fueling speculation...
Rahal Letterman Lanigan Racing has announced that it has brought on two...
1d ago from MotorsportWeek.c...
Wienie 500 returns for second year in build-up to Indy...
Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...
2d ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
7h ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
1d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
2d ago from Motorsport.com
Oliver Solberg crowned the youngest ever Rallye Monte...
Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Havertz, Gyokeres score as Arsenal complete perfect CL...
Kai Havertz and Viktor Gyokeres both got on the scoresheet as Arsenal...
49m ago from SkySports.com
Kai Havertz back among the goals as Arsenal muscle...
enal’s challenge for the Premier League title <a...
49m ago from TheGuardian.com
'He is absolutely garbage', 'He needs to go' - Fans...
Fans slammed the performance of midfielder Martin Odegaard in Arsenal's...
29m ago from SportsKeeda.com
'2026 and we are putting him there', 'Funniest guy' -...
Arsenal fans are unimpressed with manager Mikel Arteta’s decision to...
2h ago from SportsKeeda.com
Comments
Hottest News
F1: Shakedown Times: Day 3 (Wednesday)
Today's unofficial times from Barcelona. Read More »
4h ago from Pitpass.com
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 3
The third day of on-track action for F1 in 2026... Read More »
14h ago from RacingNews365.com
Red Bull extreme design reveals radical 2026 F1 approach
Red Bull did not return to action at Barcelona on... Read More »
3h ago from RacingNews365.com
