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.
Mar 11, 2014, 9:45 PM EDT
Sports car racing meets “It’s a Wonderful Life.” With dinosaurs.
Mar 11, 2014, 9:18 PM EDT
NBCSN’s Leigh Diffey and Wally Dallenbach discuss the team’s quiet start to the 2014 Sprint Cup season.
Mar 11, 2014, 7:06 PM EDT
Cooling units are now allowed on pit road and cool-down laps on track are banned.
Mar 11, 2014, 5:48 PM EDT
All the notes and numbers to keep in mind going into Thunder Valley.
Mar 11, 2014, 4:50 PM EDT
Be sure to have your username and password from your cable/satellite/telco provider handy so your subscription can be verified for access to the Live Extra stream.
Mar 11, 2014, 4:31 PM EDT
The saga continues as Smoke and Darrell Waltrip head for Texarkana.
Mar 11, 2014, 3:24 PM EDT
Tennessee’s Butch Jones and Virginia Tech’s Frank Beamer will take part in pre-race duties for the Food City 500.
Mar 11, 2014, 2:47 PM EDT
RBR’s team principal also tags Merc’s Lewis Hamilton as the favorite for the world title.
Mar 11, 2014, 2:26 PM EDT
All TV times for this year’s F1 on NBC Sports schedule.
Mar 11, 2014, 2:00 PM EDT
Eddie Irvine became a Grand Prix winner 15 years ago this month, at Melbourne.
Mar 11, 2014, 1:50 PM EDT
Paul Wolfe notes that Bristol’s tight confines could lead to more issues in qualifying this weekend.
Mar 11, 2014, 1:00 PM EDT
Twice in eight years, Jeff Gordon and Matt Kenseth have been contact magnets at Bristol.
Mar 11, 2014, 12:15 PM EDT
Two strong Tudor teams make driver announcements going into Sebring.
Mar 11, 2014, 12:00 PM EDT
Two of IndyCar’s rising stars welcome the 1995 series and Indianapolis 500 champion back to open wheels.
Mar 11, 2014, 11:00 AM EDT
How cars handle series-issued BoP changes and Sebring’s punishing layout will likely determine who wins Saturday.
Mar 11, 2014, 10:30 AM EDT
The team had recently signed Collection Auto Group and Castrol as sponsors late last month.
Mar 11, 2014, 10:00 AM EDT
IndyCar star looks to go one better after four straight class runner-ups at Sebring.
Mar 11, 2014, 9:00 AM EDT
Outside of IndyCar’s power teams, Justin Wilson and Dale Coyne Racing remain one of the top underdogs.
Mar 11, 2014, 8:00 AM EDT
Year 2 for Graham at RLL should, on paper, be substantially better than Year 1.
Mar 10, 2014, 7:16 PM EDT
The F1 supremo is bracing for an unpredictable year in the series.
- After safety concerns, NASCAR announces changes to qualifying 1
- Red Bull’s Horner says Mercedes could lap field twice in Oz 0
- Complete 2014 F1 on NBC Sports TV Times, Schedule 1
- Keselowski’s crew chief on cooldown issue: “It’s a tough spot” 1
- IndyCar’s “nearly” man, Justin Wilson, set to overachieve once more 0
- F1 on NBC Sports TV, streaming schedule for 2014 Australian Grand Prix (7)
- Chrysler orders nearly 100 pristine Dodge Vipers destroyed (7)
- NNS: Elliott’s car found too low, shock taken from Keselowski’s car (6)
- Report: F1 apparently headed for Azerbaijan in 2015 or 2016 (5)
- The Dos Equis guy will give NASCAR’s start your engines command in Las Vegas (5)