Jul 17, 2013, 12:00 PM EDT
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.
Aug 23, 2014, 4:45 AM EDT
One final chance for the drivers and teams to get to grips with Spa ahead of qualifying later today.
Aug 23, 2014, 1:09 AM EDT
Dramatic day for Pro Mazda, USF2000 Friday in Sonoma.
Aug 22, 2014, 11:35 PM EDT
Ryan Blaney passed Kyle Busch with six laps left in Friday night’s Food City 300 Nationwide Series race at Bristol Motor Speedway, and then held on the rest of the way to earn his second career NNS victory.
Aug 22, 2014, 8:30 PM EDT
Update (8:30 p.m. ET): The engines have been fired and tonight’s Food City 300 is ready to roll.
Aug 22, 2014, 7:15 PM EDT
The Bowtie has won the IndyCar manufacturer’s title in all three seasons since returning to North American open-wheel racing in 2012.
Aug 22, 2014, 6:54 PM EDT
Jeff Gordon looked like he had the pole for Saturday’s Irwin Tools Night Race at Bristol Motor Speedway. But Kevin Harvick had other ideas.
Aug 22, 2014, 6:34 PM EDT
At 7-feet tall, ESPN NASCAR analyst, team co-owner and former NBA star Brad Daugherty is a formidable presence. He’s also known to play a practical joke every now and then.
Aug 22, 2014, 5:39 PM EDT
Unpredictable weather conditions have impacted the Food City 500 in its March spot, which the event has had since the 2005 season.
Aug 22, 2014, 5:21 PM EDT
The 2015 NASCAR Sprint Cup Series schedule will be officially presented on Tuesday, August 26 at 5 p.m. ET on a special 60-minute edition of NASCAR AMERICA.
Aug 22, 2014, 5:05 PM EDT
“Rowdy” earns the pole for tonight’s Food City 300 with a lap of 125.142 miles per hour in the No. 54 Joe Gibbs Racing Toyota.
Aug 22, 2014, 3:52 PM EDT
Former NASCAR Nationwide Series team owner Ed Whitaker passed away Friday at his home in Bristol, Va., business associate Peter Laura told the Bristol Herald Courier.
Aug 22, 2014, 3:04 PM EDT
In statement, Alexander Rossi takes the high road after missing out on Grand Prix debut with Marussia in Spa.
Aug 22, 2014, 2:41 PM EDT
Late in the 50-minute session, the Roush Fenway Racing driver zipped around the half-mile oval at 131.048 mph in the No. 17 Ford Fusion.
Aug 22, 2014, 2:00 PM EDT
Here’s today’s round-up from the paddock at Spa-Francorchamps.
Aug 22, 2014, 1:30 PM EDT
In the year of the power unit, Spa is rewarding the Mercedes-powered teams.
Aug 22, 2014, 1:27 PM EDT
Russian GP3 debutante Konstantin Tereschenko goes for a wild ride at Spa, but mercifully emerges unscathed.
Aug 22, 2014, 1:16 PM EDT
The Chip Ganassi Racing driver turns a lap of 131.083 mph around the high-banked half-mile to lead Friday’s first practice session.
Aug 22, 2014, 1:00 PM EDT
As good as he may be, is Max Verstappen too young to be racing up against drivers twice his age?
Aug 22, 2014, 12:30 PM EDT
Son of ex-racer Jos set to become the youngest ever F1 driver next season at the age of 17.
Aug 22, 2014, 12:15 PM EDT
At 13th on the Chase Grid with three regular season races left, the former Sprint Cup champion isn’t feeling the need to choose between going for a win or having a good points day.
Video from NASCAR America
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