May 13, 2014, 12:41 PM EDT
Today in Munich, imprisoned banker Gerhard Gribkowsky told a courtroom that Formula One boss Bernie Ecclestone gave him a $44 million bribe over the sale of a stake in the sport.
Ecclestone is accused of giving that alleged bribe to Gribkowsky in order to help move along the sale of German bank BayernLB’s former F1 stake to CVC Capital Partners almost a decade ago.
Gribkowsky, now the star witness for the prosecution, is serving an eight-and-a-half year jail sentence for accepting the money and for tax evasion.
Ecclestone has admitted to the payments, but has consistently maintained that Gribkowsky was threatening to make false reports about him to tax authorities.
According to Reuters, Gribkowsky – who started giving evidence in the trial last Friday – said through an interpreter that “the offer clearly came from him,” meaning Ecclestone.
He also added, “I had a carrot dangled in front of me. I grabbed the carrot.”
As for the matter of what Ecclestone expected in return for the payment, Gribkowsky said “that remained vague.”
Additionally, the banker admitted to spreading rumors about Ecclestone’s tax status but denied the allegations of blackmail from the British billionaire, who faces not only a possible 10-year jail term but the end of his decades-long reign over F1.
“We didn’t have anything concrete,” Gribkowsky said on those rumors. “It was mainly nuisance value.”
Last November, CVC (which owns a 35 percent stake in the sport) said that it was ready to fire Ecclestone if he is found guilty of any charges against him.
“He told me he had never lied to me and I must say that I had trouble believing you could forget payment of $40 million,” CVC co-founder Donald Mackenzie told the High Court in London at that time.
Sep 30, 2014, 11:00 AM EDT
Two years ago, Kamui Kobayashi stood on an F1 podium in his home country, with Sauber. It seems so long ago, now.
Sep 30, 2014, 10:00 AM EDT
Some of the stats of note as we head into the Japanese Grand Prix.
Sep 30, 2014, 9:00 AM EDT
Honda has Ryan Hunter-Reay, but losing Simon Pagenaud and Josef Newgarden are big blows from marketing and on-track standpoints.
Sep 29, 2014, 9:30 PM EDT
NBCSN’s Marty Snider has more from Stewart’s press conference today in North Carolina.
Sep 29, 2014, 8:30 PM EDT
Instead of racing to protect his position in the Chase, Jeff Gordon went into attack mode Sunday at Dover – and it paid off with a win. Check out his Victory Lane interview with NASCAR AMERICA’s Kelli Stavast here.
Sep 29, 2014, 7:30 PM EDT
All the notes and numbers to keep in mind as the Contender Round begins on Kansas’ 1.5-mile oval.
Sep 29, 2014, 6:45 PM EDT
Coming up: Highlights from the first cut race of the Chase; reports on Kevin Harvick’s tire failure and Hendrick Motorsports; Tony Stewart speaks about trying to carry on after his involvement in a fatal sprint car accident.
Sep 29, 2014, 5:15 PM EDT
Josef Newgarden ends P13 in 2014, after a year where an overall top-10 finish was possible.
Sep 29, 2014, 4:47 PM EDT
A nice display of sportsmanship after a tough day at the Monster Mile.
Sep 29, 2014, 4:15 PM EDT
It was a tough year for James Hinchcliffe, who ended P12 in the IndyCar points.
Sep 29, 2014, 3:33 PM EDT
Hamilton hopes to join the list of famous names that have won at Suzuka, while Rosberg turns the page on his disappointing Singapore Grand Prix.
Sep 29, 2014, 3:15 PM EDT
Ryan Briscoe’s return to IndyCar was quiet, clean and productive.
Sep 29, 2014, 3:05 PM EDT
Simon Pagenaud leaves the past behind, and readies for Team Penske opportunity.
Sep 29, 2014, 2:15 PM EDT
Lack of bonus points notwithstanding, Logano’s pleased about where he and his No. 22 Team Penske crew stand going into the next round of the Chase.
Sep 29, 2014, 2:00 PM EDT
The latest young drivers to earn Team USA Scholarship are named.
Sep 29, 2014, 1:00 PM EDT
Also: Tony Stewart opens up; IndyCar’s Simon Pagenaud jumps to Team Penske; and the stage is set for a wild season finale in Red Bull Global Rallycross.
Sep 29, 2014, 12:30 PM EDT
P14 for Tony Stewart at Dover felt like one of his better runs of the season, he explained Monday.
Sep 29, 2014, 12:10 PM EDT
Tony Stewart addresses the questions, and faces the media, in Charlotte.
Sep 29, 2014, 10:48 AM EDT
Pagenaud to Penske means IndyCar’s “big three” now have 12 cars between them – four apiece.
Video from NASCAR America
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