Jul 29, 2014, 10:05 AM EST
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.
Nov 24, 2014, 10:00 AM EST
Felipe Massa and Sergio Perez the only drivers to benefit from double points in Abu Dhabi.
Nov 24, 2014, 9:00 AM EST
However, simply getting to the race must go down as an achievement for the backmarkers.
Nov 24, 2014, 8:13 AM EST
Mattiacci out, Arrivabene in as Ferrari team principal.
Nov 24, 2014, 8:00 AM EST
Gutierrez finishes as the lead Sauber in a lowly 15th place on Sunday.
Nov 23, 2014, 6:10 PM EST
The world of motorsports — particularly NASCAR and NHRA — is mourning arguably the best public relations person it has ever seen, Denny Darnell, who passed away Saturday.
Nov 23, 2014, 6:00 PM EST
The Charlotte and Texas brawls from this year’s Chase are still resonating weeks after they occurred.
Nov 23, 2014, 5:17 PM EST
Marcos Ambrose is wasting little time in his return to racing V8 Supercars in his native Australia.
Nov 23, 2014, 4:30 PM EST
A wild concept collaboration for Gran Turismo 6 between the Bowtie and famous race car builder Chaparral.
Petty’s 1988 Daytona wreck sold as prelude to upcoming auction of NASCAR Hall of Famer Cotton Owens estate
Nov 23, 2014, 3:53 PM EST
The remains of Richard Petty’s crashed 1988 Pontiac Grand Prix from the 1988 Daytona 500 sold Saturday, a prelude of an even larger auction of late NASCAR Hall of Famer Cotton Owens’ estate on Dec. 6.
Nov 23, 2014, 2:30 PM EST
This weekend is the first without a NASCAR race since mid-July.
Nov 23, 2014, 2:00 PM EST
For the last time in 2014, we round up all of the action in the paddock as Lewis Hamilton became Formula 1 world champion for the second time.
Nov 23, 2014, 1:30 PM EST
It’s not enough to beat McLaren in the constructors’, but a great result nevertheless for Hulkenberg and Perez in Abu Dhabi.
Nov 23, 2014, 1:15 PM EST
Lotus laughs rather than cries after a fitting end to its challenging 2014 season.
Nov 23, 2014, 12:45 PM EST
Quite a drive from Daniel Ricciardo, primarily aided by start on primes.
Nov 23, 2014, 12:15 PM EST
After winning four world titles with Red Bull, Vettel is bound for Ferrari in 2015.
Nov 23, 2014, 11:45 AM EST
On a great day for British motorsport, Prince Harry and British Prime Minister David Cameron send their congratulations to Hamilton.
Nov 23, 2014, 11:30 AM EST
Alonso is set to join McLaren in 2015 after five years with Ferrari.
Nov 23, 2014, 11:15 AM EST
An engine failure cost Rosberg the chance to emulate his father and become F1 world champion.
Nov 23, 2014, 10:56 AM EST
Second and third for Massa and Bottas caps an incredible 2014 season for Williams.
Video from NASCAR America
- Maurizio Arrivabene replaces Marco Mattiacci as Ferrari team principal 1
- Abu Dhabi GP Paddock Notebook – Sunday 0
- Hamilton calls second title victory “the greatest day of my life” 3
- Hamilton clinches second F1 world title by winning Abu Dhabi GP 10
- The Final Showdown: Hamilton and Rosberg prepare for one final battle in Abu Dhabi 0
- Vettel and Ricciardo to start Abu Dhabi GP from pit lane 0
- Abu Dhabi GP Paddock Notebook – Saturday 0