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.
Aug 27, 2014, 1:00 PM EDT
Jeff Gordon will make his 750th Sprint Cup start at Atlanta this weekend, the site of his first in 1992, and also the site of another record he’ll hit next year.
Aug 27, 2014, 12:30 PM EDT
Sebastian Vettel’s getting a new chassis for Monza, and a new engineer for 2015 at Red Bull.
Aug 27, 2014, 11:51 AM EDT
With Fontana this weekend, we take a look back at Gil de Ferran’s closed course speed record in 2000.
Aug 27, 2014, 11:24 AM EDT
Promotional poster for the COTA FIA WEC event features some rather bizarre car choices to promote the race.
Aug 27, 2014, 10:49 AM EDT
IndyCar will formally confirm the addition of New Orleans to its 2015 schedule later Wednesday.
Aug 27, 2014, 1:23 AM EDT
MotorSportsTalk sorts out fact from fiction regarding the yet-to-be-revealed 2015 Verizon IndyCar Series schedule, based on hints from today’s NASCAR schedule release.
Aug 26, 2014, 10:41 PM EDT
NASCAR star Kevin Harvick has never been afraid to speak his mind. But the Tony Stewart/Kevin Ward Jr. tragedy has caused him to be more judicious in what he says and also “frustrated” at how the media has dealt with the entire incident.
Aug 26, 2014, 8:51 PM EDT
The long-awaited release of the 2015 NASCAR Sprint Cup schedule was much less of the surprise many expected. And there’s absolutely nothing wrong with that.
Aug 26, 2014, 8:00 PM EDT
Brad Keselowski won his first Camping World Truck Series race last Thursday at Bristol, but his and two other teams have been dinged by NASCAR after their Trucks failed post-race height requirements.
Aug 26, 2014, 7:06 PM EDT
Steve O’Donnell, NASCAR’s executive vice president of racing operations, explains the factors that influence how the final racing schedule is created.
Aug 26, 2014, 6:21 PM EDT
The NASCAR AMERICA crew make their initial observations of the 2015 Sprint Cup docket (Hint: They’re really happy about Darlington returning to Labor Day weekend).
Aug 26, 2014, 5:01 PM EDT
NBC Sports Group begins its 2015 NASCAR race coverage on July 4th (Nationwide) and 5th (Sprint Cup) from Daytona International Speedway.
Aug 26, 2014, 4:00 PM EDT
The big moment is almost here. Click this post for stream links to today’s special edition of NASCAR AMERICA – featuring the announcement of the 2015 NASCAR schedule!
Aug 26, 2014, 3:00 PM EDT
It’s the first of a planned four-book series that’s designed to help kids be more self-confident and make good choices.
Aug 26, 2014, 2:00 PM EDT
Notes and numbers to keep in mind as NASCAR sets up shop in Atlanta this weekend.
Aug 26, 2014, 1:30 PM EDT
The new Lamborghini Huracán LP 620-2 Super Trofeo has been officially revealed in the last week, and will race in the single-make Lamborghini Blancpain Super Trofeo series.
Aug 26, 2014, 1:00 PM EDT
Hamilton also vows that he won’t be out for revenge against Rosberg at the upcoming Italian Grand Prix.
Aug 26, 2014, 12:13 PM EDT
With 35th win, Scott Dixon ties Bobby Unser on the all-time win list.
Aug 26, 2014, 11:46 AM EDT
We should know within the next few weeks whether Cosworth’s intentions to align with an OEM will become a reality for IndyCar. Meanwhile, there’s plenty coming from the company.
Aug 26, 2014, 11:15 AM EDT
Dutch media peg Giedo van der Garde as close to a 2015 race seat with Sauber.
Video from NASCAR America
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- NASCAR AMERICA: How did the 2015 schedule come together? (VIDEO) 0
- NASCAR announces 2015 Sprint Cup, Nationwide, and Truck Series schedules (VIDEO) 4
- FIA won’t punish Nico Rosberg after Belgian GP incident with Lewis Hamilton 9
- Will Power once again in position for IndyCar title – but this time feels different 1