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.
Aug 29, 2015, 7:25 PM EDT
Power does it again in qualifying at Sonoma.
Aug 29, 2015, 7:13 PM EDT
Oriol Servia reflects on Justin Wilson.
Aug 29, 2015, 5:45 PM EDT
Power is only active driver in the field with a pole since 2008 at Sonoma.
Aug 29, 2015, 4:19 PM EDT
Marquez beats his own lap record for pole position at Silverstone.
Aug 29, 2015, 2:42 PM EDT
All-American top three as track record eclipsed, unofficially, at Sonoma.
Aug 29, 2015, 2:00 PM EDT
Trulli looks poised to stick with its own powertrain for despite only completing seven laps in pre-season.
Aug 29, 2015, 1:00 PM EDT
Second practice for the Verizon IndyCar Series’ GoPro Grand Prix of Sonoma is live from 10:30 a.m. PT, 1:30 p.m. ET, today on NBCSN.
Aug 29, 2015, 11:00 AM EDT
Bottas had been linked with a seat at Ferrari for 2016, until the team confirmed that it would be retaining Kimi Raikkonen.
Aug 29, 2015, 10:00 AM EDT
Lotus technical director Nick Chester reveals the cause of Maldonado’s DNF in the Belgian Grand Prix.
Aug 29, 2015, 9:03 AM EDT
Marc Lieb and Romain Dumas take Porsche to its fourth pole position of the season, edging out the sister no. 17 car.
Aug 29, 2015, 4:38 AM EDT
Marc Lieb storms to the top of the timesheets in the no. 18 Porsche, heading up a 1-2 finish in FP3.
Aug 28, 2015, 10:38 PM EDT
The title contenders sum up their chances heading into Sonoma.
Aug 28, 2015, 9:11 PM EDT
A long day on Friday ends with Will Power on top of the timesheets.
Aug 28, 2015, 8:11 PM EDT
Quick series of interviews and tributes flow in for Justin Wilson on site at Sonoma.
Aug 28, 2015, 7:16 PM EDT
The 10th place driver in NHRA Top Fuel standings gets released from his contract at DSR.
Aug 28, 2015, 6:40 PM EDT
Sage Karam speaks with reporters Friday at Sonoma Raceway.
Aug 28, 2015, 5:00 PM EDT
Marquez and Lorenzo continue their fight at the front of the MotoGP field in practice at Silverstone on Friday.
Aug 28, 2015, 4:09 PM EDT
IndyCar concludes its season at Sonoma this weekend.
Aug 28, 2015, 3:30 PM EDT
Prost and Buemi retained by the defending teams’ champion for season two.
Aug 28, 2015, 2:30 PM EDT
Porsche will debut a new aero kit at this weekend’s 6 Hours of Nürburgring in Germany.
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