Vital F1 | Ecclestone in the news in Germany
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

Ecclestone in the news in Germany

Many would have thought that Formula One supremo Bernie Ecclestone would have been a little preoccupied of late.

Having previously appeared in the high court in London, news has just broken that he will be tried on bribery charges in Germany over the sale of Formula One.

Ecclestone has previously been questioned as part of a police investigation into a multi-million pound bribery scandal and has been accused of entering into a 'corrupt agreement' with German banker Gerhard Gribkowsky.

The case which is in direct relation to Formula One's sale to private equity firm CVC back in 2006 has already seen Gerhard Gribkowsky jailed for more than eight years for tax evasion, breach of trust and taking 28 million in bribes during the sale of F1, following a trial in Germany.

Gribkowsky, who at the time was overseeing the sale of BayernLB's stake in F1 had been accused of selling a 48% stake in Formula One without legal valuations while receiving an apparent $50million bribe disguised via consultancy agreements.

That sale according to Media company Constantin Medien cost the company millions as they had been set to receive 10% if the stake in the company had sold for more than $1.1billion, but received nothing as CVC only paid $814million.

Constantin Medien is now suing Ecclestone for $140million [the original claim had been $171million].

Bernie has previously claimed the legal action lacked merit and he and his co-defendants deny the claims of wrongdoing.

But despite all of this, 83-year-old Ecclestone has made an offer to buy the Nurburgring race circuit.

The German Grand Prix currently alternates between Hockenheim and the Nurburgring with both tracks a favourite amongst Formula One fans.

However the Nurburgring has recently been struggling financially and is currently in administration.

'We made an offer and we now wait for it to be accepted,'

'We believe we can do more than anyone else for the circuit. There could be a decision as early as in the coming weeks,'
Ecclestone told Handelsblatt and Wirtschaftswoche as quoted by the BBC.








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Thursday January 16 2014

Time: 10:38AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

Blog: Sochi Qualifying (Saturday April 29 2017)

2017 Russia GP - Qualifying (Saturday April 29 2017)

2017 Russia GP - FP3 (Saturday April 29 2017)

2017 Russia GP - FP2 (Friday April 28 2017)

2017 Russia GP - FP1 (Friday April 28 2017)

Blog: Sochi Preview (Wednesday April 26 2017)

Who will win in Russia? (Monday April 24 2017)

Grid penalty for Sainz in Russia (Thursday April 20 2017)

Mercedes to implement team orders? (Wednesday April 19 2017)

Blog: Bahrain GP Report (Monday April 17 2017)

2017 Bahrain GP - Race (Sunday April 16 2017)

Blog: Sakhir Qualifying (Saturday April 15 2017)

2017 Bahrain GP - Qualifying (Saturday April 15 2017)

2017 Bahrain GP - FP3 (Saturday April 15 2017)

2017 Bahrain GP - FP2 (Friday April 14 2017)

2017 Bahrain GP - FP1 (Friday April 14 2017)

Blog: Sakhir Preview (Wednesday April 12 2017)

Who will win in Bahrain? (Tuesday April 11 2017)

Hamilton loving battle with Vettel (Tuesday April 11 2017)

Blog: Chinese GP Report (Monday April 10 2017)

2017 China GP - Race (Sunday April 9 2017)

Blog: Shanghai Qualifying (Saturday April 8 2017)

2017 China GP - Qualifying (Saturday April 8 2017)

2017 China GP - FP3 (Saturday April 8 2017)

2017 China GP - FP2 (Friday April 7 2017)

2017 China GP - FP1 (Friday April 7 2017)

Blog: Shanghai Preview (Wednesday April 5 2017)

Honda to supply Sauber? (Wednesday April 5 2017)

Who will win in China? (Monday April 3 2017)

Mixed feelings for Red Bull (Friday March 31 2017)

Blog: Australian GP Report (Monday March 27 2017)

2017 Australia GP - Race (Sunday March 26 2017)

2017 Australia GP - Qualifying (Saturday March 25 2017)

2017 Australia GP - FP3 (Saturday March 25 2017)

2017 Australia GP - FP2 (Saturday March 25 2017)

2017 Australia GP - FP1 (Saturday March 25 2017)

More calls to ban the shark fins (Friday March 24 2017)

Renault call for engine budget cap (Thursday March 23 2017)

Blog: Melbourne Preview (Thursday March 23 2017)

Renault can improve - Hopefully (Friday March 17 2017)

McLaren looking shaky (Wednesday March 15 2017)

Surtees dies aged 83 (Tuesday March 14 2017)

Ferrari end second test on top (Monday March 13 2017)

F1 ratings in UK collapse (Friday March 10 2017)

Brawn pushing for cash race for teams (Wednesday March 8 2017)

Ferrari on top in the wet (Friday March 3 2017)

New deal for Russian Grand Prix (Friday March 3 2017)

Merc and Ferrari pick up the pace (Thursday March 2 2017)

Ferrari faster than Mercedes? (Wednesday March 1 2017)

Bottas sees Hamilton as great challenge (Tuesday February 28 2017)

Horner calls for shark fin ban (Tuesday February 28 2017)

Alonso held talks with Mercedes (Monday February 27 2017)

Bottas targets F1 title (Friday February 24 2017)

Renault take Red Bull aero expert (Thursday February 23 2017)

Pirelli already making excuses? (Thursday February 23 2017)

Williams adds new head of aerodynamics (Wednesday February 22 2017)

Renault engine can beat Mercedes (Wednesday February 22 2017)

Allison announced at Mercedes (Tuesday February 21 2017)

New deals for Wolff and Lauda (Monday February 20 2017)

Wehrlein sidelined due to back injury (Monday February 20 2017)

Williams backs F1 budget cap (Monday February 20 2017)

Sauber launch 2017 car (Monday February 20 2017)

Hamilton sends warning shot to Bottas (Friday February 17 2017)

F1 to break the US market (Thursday February 16 2017)

Rosberg doesn't agree with his replacement (Wednesday February 15 2017)

F1 pecking order unlikely to change (Tuesday February 14 2017)

Important Pirelli tyre test ends early (Monday February 13 2017)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. DJ 1133
2. Red5 1112
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 600
6. Druss_the_Legend 583
7. Push The Button 497
8. col8 334
9. The Intimidator 203
10. VanGisbergen2013 153

Current Site Poll (view all polls)

Who are looking the best in 2017?
Mercedes 0%
Ferrari 0%
Red Bull Racing 0%
Someone else 0%