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.
Jul 28, 2014, 12:00 PM EDT
Two drivers from the 1995 Indianapolis 500 finish 1-2 in the 2014 Brickyard Grand Prix, while the race features a star turn from somebody born in 1995…
Jul 28, 2014, 11:15 AM EDT
Both Adrian Sutil, Esteban Gutierrez run top-10 in Hungary, and both fail to get Sauber on the scoreboard.
Jul 28, 2014, 10:27 AM EDT
Courtney Force beats father John in final for record-setting NHRA Funny Car win in Sonoma.
Jul 28, 2014, 10:00 AM EDT
Despite the facial expressions of those second and third to Daniel Ricciardo on Sunday, each of the top three would have deserved the Hungarian GP win.
Jul 28, 2014, 9:30 AM EDT
IndyCars have push-to-pass, but not on ovals. It’s all good, Clint.
Jul 28, 2014, 9:00 AM EDT
German driver retires for the first time in 2014 after hitting Sergio Perez during the Hungarian Grand Prix.
Jul 28, 2014, 8:30 AM EDT
The mindset of Carl Edwards and the No. 99 team will be key down the stretch, knowing they’re heading their separate ways at the end of the year.
Jul 28, 2014, 8:00 AM EDT
Finn underlines his belief in the team to turn things around in 2014.
Jul 27, 2014, 7:52 PM EDT
A world of differences make it impossible to weigh Jeff Gordon’s accomplishments at Indy against those of A.J. Foyt, Rick Mears, Al Unser Sr., and Michael Schumacher.
Jul 27, 2014, 6:52 PM EDT
INDIANAPOLIS – Jeff Gordon gave himself an early 43rd birthday present with Sunday’s Brickyard 400 win. Kyle Larson also gave himself an early birthday present – his 22nd will be Thursday – with a solid seventh-place finish in his first Brickyard.
Jul 27, 2014, 6:13 PM EDT
INDIANAPOLIS – It wasn’t quite the 1-2-3 finish they might have hoped for, but it was almost just as good for Joe Gibbs Racing’s three drivers in Sunday’s Brickyard 400 at Indianapolis Motor Speedway. Kyle Busch finished second to winner Jeff Gordon, followed by Denny Hamlin in third and Matt Kenseth was fourth.
Jul 27, 2014, 5:41 PM EDT
Rowdy continues his strong performance as of late with another P2 at Indianapolis.
Jul 27, 2014, 4:45 PM EDT
Kasey Kahne led a race-high 70 laps, but lost the Brickyard 400 lead to Jeff Gordon on a restart with 16 laps to go and faded to sixth.
Jul 27, 2014, 4:17 PM EDT
INDIANAPOLIS – It was an oldie but goodie performance as Jeff Gordon – seven days short of his 43rd birthday – rallied late to win Sunday’s 21st Brickyard 400 at Indianapolis Motor Speedway.
Jul 27, 2014, 3:00 PM EDT
One final round-up from the Hungaroring following Daniel Ricciardo’s supreme victory.
Jul 27, 2014, 2:53 PM EDT
A broken rear axle ended Danica Patrick’s day prematurely in Sunday’s Brickyard 400 at Indianapolis Motor Speedway.
Jul 27, 2014, 2:43 PM EDT
Strategy plays have been plentiful in the first half of today’s race at Indianapolis.
Jul 27, 2014, 2:00 PM EDT
Defending world champion has a quiet race at the Hungaroring; now 43 points behind Ricciardo in the drivers’ championship.
Jul 27, 2014, 1:15 PM EDT
Briton was asked twice to let Rosberg past, but he defied team orders on both occasions.