Skip to content

Reports: Ecclestone could pay to settle corruption case

Jul 29, 2014, 10:05 AM EDT

File photo of F1 chief Ecclestone testifying at district court in Munich Reuters

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.

Latest Posts
  1. Red Bull GRC: Ken Block, Joni Wiman now the ones to beat in title race

    Sep 22, 2014, 5:30 PM EDT

    GRCLogo

    A wild doubleheader in Los Angeles has left Block with an 18-point edge over Wiman as the series heads for Seattle.

  2. WATCH LIVE: NASCAR AMERICA recaps day of survival in N.H. at 4:30 p.m. ET

    Sep 22, 2014, 4:15 PM EDT

    Sylvania 300 Getty Images

    Coming up today: Highlights and analysis from Joey Logano’s Chase win at Loudon; an interview with Penske president Tim Cindric; Kevin Harvick’s Chase progress; Denny Hamlin’s nightmarish day; 16-year-old Cole Custer’s historic Truck win.

  3. Alex Zanardi inspires once again in “Touch The Sky” clip (VIDEO)

    Sep 22, 2014, 3:55 PM EDT

    Indianapolis 500 Getty Images

    The former CART and F1 driver’s incredible story is spotlighted in a special clip that previews a new film regarding BMW’s legacy in touring car racing.

  4. Wally Dallenbach Jr. is coming back to Trans-Am

    Sep 22, 2014, 3:30 PM EDT

    DallenbachHeadshot

    Wally Dallenbach Jr. to make competitive return to driving in Trans-Am, starting next month.

  5. McLaren principal says Red Bull used coded messages in Singapore GP

    Sep 22, 2014, 3:00 PM EDT

    Singapore F1 GP Auto Racing AP

    Eric Boullier indicates that he feels Red Bull breached the FIA’s new radio ban with its messages to Daniel Ricciardo during Sunday’s race.

  6. Mark Webber refreshed, relaxed in Austin return

    Sep 22, 2014, 2:30 PM EDT

    WebberCOTA Getty Images

    Mark Webber enjoys his return to Austin in FIA WEC, even if the result in his No. 20 Porsche goes begging.

  7. Team Penske has early Chase edge, but Hendrick camp can strike at Dover

    Sep 22, 2014, 1:30 PM EDT

    Chase for the sprint cup logo

    The clash of the titans has gone Team Penske’s way so far. But next weekend’s race at Dover could see the tide turn in favor of Hendrick Motorsports.

  8. Lotterer: “F1 (racing) isn’t what it used to be anymore”

    Sep 22, 2014, 1:00 PM EDT

    LottererCaterham Getty Images

    Andre Lotterer reflects on the openness of FIA WEC and Super Formula compared to his one-off Grand Prix appearance in Belgium.

  9. COTA weekend thoughts and observations: FIA WEC

    Sep 22, 2014, 12:00 PM EDT

    GDriveSMPCOTA AP

    The FIA WEC headed to Texas this weekend. Here are some thoughts on how it went down.

  10. COTA weekend thoughts and observations: IMSA

    Sep 22, 2014, 11:15 AM EDT

    IMSACota Getty Images

    Both the TUDOR Championship and Continental Tire SportsCar Challenge put on a show in Austin this weekend.

  11. FIA WEC: Another Audi win at COTA

    Sep 22, 2014, 10:21 AM EDT

    Le Mans 24h Race Getty Images

    Audi 1-2 leads FIA WEC winners at COTA.

  12. Can Hamilton take this momentum all the way to Abu Dhabi?

    Sep 22, 2014, 10:00 AM EDT

    Singapore F1 GP Auto Racing AP

    Reliability woes have left Nico Rosberg reeling. If he doesn’t respond at Suzuka, it could be game over.

  13. Rosberg: I felt helpless in Singapore (VIDEO)

    Sep 22, 2014, 9:00 AM EDT

    Singapore F1 GP Auto Racing AP

    German driver does well to keep his anger in check in his post-race video blog.

  14. Force India owner heaps praise on Sergio Perez after Singapore fightback

    Sep 22, 2014, 8:00 AM EDT

    Singapore F1 GP Auto Racing AP

    Vijay Mallya delighted as Force India makes 2014 its most successful season since entering F1 back in 2008.

  15. Singapore GP Weekend: All Posts, One Place

    Sep 22, 2014, 7:00 AM EDT

    F1 Grand Prix of Singapore Getty Images

    Lewis Hamilton has put himself back in control of the 2014 F1 world championship after a great win in Singapore as teammate Nico Rosberg retired.

  16. Red Bull GRC: Rhys Millen wins Race 2 in L.A.; Ken Block takes championship lead

    Sep 21, 2014, 8:43 PM EDT

    GRCLogo

    Millen scores his second win of 2014, while YouTube icon Block takes an 18-point lead in the championship with two races left in the season.

  17. Schumacher (TF), C. Force (FC), Connolly (PS), Hines (PSM) are NHRA winners at Texas

    Sep 21, 2014, 7:51 PM EDT

    (Photo courtesy NHRA) (Photo courtesy NHRA)

    Tony Schumacher (Top Fuel), Courtney Force (Funny Car), Dave Connolly (Pro Stock) and Andrew Hines (Pro Stock Motorcycle) were the winners in Sunday’s final rounds of the NHRA FallNationals in Ennis, Texas.

  18. Kyle Larson steady at New Hampshire in runner-up effort

    Sep 21, 2014, 7:00 PM EDT

    Sylvania 300 - Practice Getty Images

    The talented rookie continues to duel with the Chasers at New Hampshire before finishing second to Joey Logano.

  19. Chase’s version of musical chairs: nine drivers to battle for five advancement spots at Dover

    Sep 21, 2014, 6:36 PM EDT

    Aric Almirola was much happier at Loudon, with a sixth-place finish Sunday. But he's still ranked last in the Chase chances with one race left to stave off elimination. (Photo: Sean Gardner/Getty Images) Getty Images

    As the Chase for the Sprint Cup moves to Dover for next Sunday’s third race of the playoffs, nine drivers will be fighting elimination by vying for five advancement spots there.

  20. Keselowski overcomes adversity to still finish 7th, maintains Chase points lead

    Sep 21, 2014, 6:09 PM EDT

    (Photo: Will Schneekloth/Getty Images) Getty Images

    Brad Keselowski started from the pole, led the second-most number of laps in the race (78), overcame a late wreck and still almost won Sunday’s Sylvania 300 at New Hampshire Motor Speedway.

Video from NASCAR America

Which longshot will advance in Chase?
Top 10 NASCAR Driver Searches
  1. B. Keselowski (1919)
  2. J. Gordon (1344)
  3. K. Harvick (1291)
  4. M. Crafton (1059)
  5. K. Busch (1022)