Jul 17, 2013, 12:00 PM EST
A German court’s two-year investigation into whether Formula One boss Bernie Ecclestone bribed a banker during the 2006 sale of the sport to CVC Capital Partners may finally be coming to a head.
Ecclestone told the Financial Times on Wednesday he had received an indictment. “It’s a pity it’s happened,” he said, adding he would “defend it properly”.
He plans to contest the charges, raising the prospect of another lengthy court battle. The relevant documents are currently being translated into English.
Gribkowsky was sentenced to eight-and-a-half years in prison last year following a nine-month trial during which Ecclestone admitted making payments to him. “He was shaking me down and I didn’t want to take a risk,” Ecclestone said at the time.
The threat of legal proceedings will be unwelcome for CVC, who are planning to float Formula One on the Singapore stock exchange. It is targeting a value of over $10 billion for the sport. An earlier attempt at an initial public offering was abandoned due to unfavorable economic conditions in Europe.
At the end of the year Ecclestone admitted CVC “will probably be forced to get rid of me” if he were to face charges over the bribery allegations.
Ecclestone also faces charges in the UK that some F1 rights were sold at below their true value.
Mar 1, 2015, 5:00 PM EST
Here’s the final recap from the Circuit de Barcelona-Catalunya as pre-season testing comes to a close.
Mar 1, 2015, 3:30 PM EST
Team principal Maurizio Arrivabene calls for “concentration and discipline” at Maranello in the lead-up to the start of the 2015 season.
Mar 1, 2015, 3:00 PM EST
The Team Penske pilot turns 34 years old today.
Mar 1, 2015, 2:30 PM EST
Maldonado is still able to find the positives out of his final test run before the beginning of the 2015 season in Australia on March 15.
Mar 1, 2015, 2:00 PM EST
Should Mercedes drop the ball in 2015, Williams could be the team to pick up the pieces and snatch a race win.
Mar 1, 2015, 1:30 PM EST
17-year-old will become the youngest driver in the history of F1 to start a race in Australia.
James Courtney wins season-opening V8 Supercars feature in Adelaide; ex-NASCAR driver Marcos Ambrose 12th
Mar 1, 2015, 1:00 PM EST
Ambrose cracks Top 10 on feature grid, but fuel strategy hinders an otherwise decent run for him.
Mar 1, 2015, 12:45 PM EST
German driver posted the fastest time of winter testing in Barcelona on Friday.
Mar 1, 2015, 12:30 PM EST
With the ban on motorsport in Switzerland being lifted, the door has been opened to an ePrix in Geneva.
Mar 1, 2015, 12:00 PM EST
Attention now turns to the season-opening Australian Grand Prix in Melbourne on March 15.
Mar 1, 2015, 11:00 AM EST
Ferrari technical director says that the SF15-T is working as expected.
Mar 1, 2015, 10:00 AM EST
Maldonado confident Lotus has made a big improvement after miserable 2014.
Mar 1, 2015, 8:00 AM EST
British driver says that sticking with #44 means far more to him than having the number designated for the world champion.
Feb 28, 2015, 5:00 PM EST
Argentinian driver confirms his plans for the new season after a difficult 2014 with Hilmer Motorsport.
Feb 28, 2015, 4:00 PM EST
A full round-up from the penultimate day of F1 pre-season testing in Barcelona.
Feb 28, 2015, 3:30 PM EST
Frenchman joined the team as a test driver for the 2015 season.
Feb 28, 2015, 3:11 PM EST
Bourdais, Hawksworth, Aldo Andretti and more all have birthdays today, February 28.
Feb 28, 2015, 3:00 PM EST
Despite posting a time that, when adjusted to account for tire compounds, could be 1.4 seconds quicker than the rest of the field, the Briton was unenthused about his performance.
Feb 28, 2015, 2:30 PM EST
How well does Josef Newgarden dunk? Find out in video he does with Indiana Pacers “Power Pack.”
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- Lewis Hamilton explains decision to reject #1 for 2015 0
- Barcelona F1 2nd Test Paddock Notebook – Saturday 0
- Hamilton fastest as Mercedes impresses again on day three 0
- Happy 75th birthday to one of the best ever, Mario Andretti 3
- Barcelona F1 2nd Test Paddock Notebook – Friday 0