Formula One chief Bernie Ecclestone was embroiled in a bribery trial in Germany where he was accused of bribing German banker Gerhard Gribkowsky in 2006, however, a segment of German law allows wealthy defendants the option to buy their way out of the trial and that is exactly what Ecclestone has chosen to do – […]
Formula One chief Bernie Ecclestone will hand over temporary control of the international racing series to his legal affairs adviser, Sacha Woodward-Hill, while he travels to Munich, Germany, to battle bribery charges brought against him originating in 2005. If Ecclestone is found guilty by the conclusion of the four-month trial, European law would require that […]
Embattled Formula One chief Bernie Ecclestone dodged another legal bullet challenging his authority over the world’s most popular auto racing series when a German judge decreed that, while he did toss a $45 million bribe to German businessman Gerhard Gribowsky, the bribe did not devalue F1 and was merely a payoff intended to keep Gribowsky […]
Bernie Ecclestone, the commercial rights holder for Formula One racing for the last four decades, has stepped down from the F1 Board of Trustees after being indicted in the bribery of a German banker, Gerhard Gribowsky, in Munich. Gribowsky was paid the sum of $45 million supposedly to ensure that he would have the choice […]