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 30, 2015, 5:11 PM EDT
Discounted tickets set to go on sale this Friday in a bid to improve attendance figures.
Jul 30, 2015, 4:48 PM EDT
Derrick Walker on the prowl for whatever’s next in his long racing career.
Jul 30, 2015, 3:30 PM EDT
Despite running fifth in the standings with three races to go, Power hasn’t given up on retaining the no. 1 for 2016.
Jul 30, 2015, 2:22 PM EDT
The 2016 F1 season is set to swell to a record 21 races.
Jul 30, 2015, 12:30 PM EDT
Ericsson reflects on his first half-season with Sauber that has brought his first points in F1, but also presented some missed opportunities.
Jul 30, 2015, 12:22 PM EDT
Derrick Walker to resign from INDYCAR at year’s end.
Jul 30, 2015, 11:30 AM EDT
With seven races at Mid-Ohio Sports Car Course this weekend, it’s an important one for the entire Mazda Road to Indy.
Jul 30, 2015, 10:42 AM EDT
His recent record may suggest otherwise, but Castroneves believes he can gun for the race win this weekend.
Jul 30, 2015, 9:30 AM EDT
Both series will support the FIA World Endurance Championship at the Bahrain International Circuit in November.
Jul 30, 2015, 9:16 AM EDT
From Columbus, Ohio, No. 15, it’s the Ohio State University helmet of Graham Rahal…
Jul 30, 2015, 8:56 AM EDT
The third-to-last race of the IndyCar season is an important one for the championship battle.
Jul 29, 2015, 6:05 PM EDT
IndyCar penalizes Honda for five engines that did not “attain their life cycle.”
Jul 29, 2015, 5:10 PM EDT
Rahal is second in the points and takes his career best season to his home track of Mid-Ohio.
Jul 29, 2015, 2:37 PM EDT
Johnson will make his first start of 2015 this weekend at Mid-Ohio.
Jul 29, 2015, 1:10 PM EDT
Simon Pagenaud looking for first top-fin finish since Detroit race one.
Jul 29, 2015, 12:02 PM EDT
In eight IndyCar races at Mid-Ohio, Scott Dixon has a record five wins.
Jul 29, 2015, 9:00 AM EDT
There’s still a good seven to 10 high-quality drivers without a win in IndyCar, 2015, who could add to the list of winners.
Marcos Ambrose looks to salvage lost season in V8 Supercars, has had no issues ‘moving on’ from NASCAR
Jul 28, 2015, 8:50 PM EDT
Even though it has been pretty much of a lost season for him in Australia’s V8 Supercars series, Marcos Ambrose believes he can still find some success before the racing year is over.
‘Race With Restraint’ proves grassroots racers want, will use more safety equipment at affordable rate
Jul 28, 2015, 6:56 PM EDT
The first attempt at bringing top-of-the-line safety equipment to the grassroots racing masses was an unqualified success.
Jul 28, 2015, 4:32 PM EDT
Hector Arana Jr. hopes 2015 is about time to finally be his time.
- Exploring what’s next for Derrick Walker as he announces he’s leaving IndyCar 0
- INDYCAR announces Derrick Walker has resigned from series 8
- Preview: Honda Indy 200 at Mid-Ohio critical in IndyCar title chase 1
- It’s “never-say-die” for Graham Rahal with three races left 1
- Paralyzed driver Michael Johnson returning to track in Pro Mazda 0
- Simon Pagenaud ‘agonizingly close’ to wins at Mid-Ohio, not to success in 2015 0
- With three races left, who could still win in IndyCar, season 2015? 1