Jul 29, 2014, 10:05 AM EDT
This Tuesday, Bernie Ecclestone’s in the news for more than just his call for the FIA to scrap standing restarts for 2015.
Media reports out Tuesday including the Deutsche Press-Agentur in Germany, The Times in the UK and Bloomberg, among others, have said the FOM supremo seeks to pay 25 million Euros ($33.6m U.S.) to Bayerische Landesbank in order to settle the corruption case outstanding against him.
Per the Bloomberg report, Ecclestone’s lawyers said the case had become “extremely burdensome” and sought to end the case against Ecclestone. A court spokesperson said via email to Bloomberg that the details would still need to get sorted.
Ecclestone’s in a bit of a no-win situation here as it regards to the corruption case, which has been in the news off-and-on for well over a year.
There’s nothing good from a PR standpoint about saying “we paid our way out” of this case – although Ecclestone probably doesn’t need the distraction anymore as he’d rather tend to the day-to-day job of continuing to run of F1.
Yet the longer the case lingers, the worse his chances are of retaining control of the sport because a decision could come down the pike and could leave Ecclestone set up for jail time as a result of the bribery offered to banker Gerhard Gribkowsky.
Gribkowsky did take the bribe and is now in the middle of serving an eight and a half year sentence.
The most recent story in this case came a couple weeks ago, when Ecclestone offered details of the payment.
Oct 20, 2014, 7:15 PM EDT
Notes and numbers to keep in mind as the 8 remaining Chasers prepare to begin the Eliminator Round.
Oct 20, 2014, 6:15 PM EDT
Recapping Talladega on NASCAR AMERICA.
Oct 20, 2014, 6:01 PM EDT
A great post-season for Busch was erased by a mid-race crash on Sunday at Talladega, but crew chief Dave Rogers says there’s no point in blaming the rules of the new Chase.
Oct 20, 2014, 5:09 PM EDT
Miami Formula E circuit revealed.
Oct 20, 2014, 4:30 PM EDT
Prepare to have this track bouncing in your head all day.
Oct 20, 2014, 4:15 PM EDT
What to know heading into the next round of NASCAR’s Chase.
Oct 20, 2014, 3:50 PM EDT
They say they always do things bigger in Texas, and that phrase would perfectly describe legendary former drag racer and NASCAR team owner Raymond Beadle.
Oct 20, 2014, 3:07 PM EDT
Coby finishes 17th in the season finale at Thompson (Conn.) Speedway, but earns the 2014 series title by 22 points over race winner Ryan Preece.
Oct 20, 2014, 2:30 PM EDT
Turner on the move to PWC from IMSA.
Oct 20, 2014, 2:00 PM EDT
Beadle helped bring the “Blue Max” brand to prominence in drag racing, and guided NASCAR legend Rusty Wallace to his lone Winston Cup title.
Oct 20, 2014, 1:45 PM EDT
DTM champion will test for Toro Rosso.
Oct 20, 2014, 1:15 PM EDT
Both of Team Penske’s drivers advance to Eliminator round of Chase, which saves the ignominy of one of the winningest drivers this year going home.
Oct 20, 2014, 12:45 PM EDT
The organization says it will make a full presentation on its findings during the next World Motor Sport Council meeting in December.
Oct 20, 2014, 12:15 PM EDT
Love him or loathe him, Keselowski deserves respect for coming through in the clutch like he did on Sunday.
Oct 20, 2014, 11:45 AM EDT
After Cassill, Kvapil’s sixth leads a quartet of more surprise drivers in top-20 Sunday at Talladega.
Oct 20, 2014, 11:20 AM EDT
Ricciardo comes to the U.S. early for Supercross.
Oct 20, 2014, 11:00 AM EDT
A potential nightmare situation for Sprint Cup’s new Chase still exists, in the form of two as-yet winless drivers still battling for a title in 2014.
Oct 20, 2014, 10:00 AM EDT
Career day for Landon Cassill ends not only with his first Cup top-five, but first top-10.
Oct 20, 2014, 9:21 AM EDT
Nico Hulkenberg gets another year with Force India.
Oct 19, 2014, 9:00 PM EDT
The Captain doesn’t mind some emotion and edge from his veteran driver.
Video from NASCAR America
- WATCH LIVE: NASCAR AMERICA at 7 p.m. ET recaps Talladega 0
- Remembering racing legend Raymond Beadle: ‘Once upon a time, I was the best at what I did’ 1
- Weekend wrap: Brad Keselowski rises up to Talladega challenge 0
- The irony of a winless driver winning a title in the new Chase still exists 0
- Roger Penske defends Keselowski, says other drivers “jealous” of his success 2
- What will NASCAR fans do now that their favorite drivers are eliminated from Chase? 9
- Brad Keselowski wins at Talladega on 2nd G-W-C attempt, advances in Chase 10