Aug 5, 2014, 8:45 AM EDT
Bernie Ecclestone’s bribery trial will end, as the head of Formula One has offered up $100 million U.S. for that ending – this has been identified by a district court in Munich, and state prosecutors plan to accept.
Reports last week indicated this was possible for Ecclestone to pay his way out through a legal out clause, explained a bit further below.
This will end the trial that began in April and has gone on throughout the summer. Ecclestone will be found neither guilty or innocent on the charges.
The trial all stems from Ecclestone’s being accused of paying jailed German banker Gerhard Gribkowsky of $44m for the BayernLB bank to keep Ecclestone as an F1 executive and for CVC Capital Partners to take the sale of F1’s commercial rights at an undervalued price. Though the payment was accepted, Ecclestone denied this was a bribe.
But the out clause to allow Ecclestone to pay his way out of this case refers to a provision in German law.
The BBC reported the quote of an experienced lawyer, Franz Bielefeld, to the Spiegelonline news website. Bielefeld explained to that outlet that this proviso, known as Paragraph 153a, was not just applicable to commercial trials, but could be invoked throughout the court system.
Further clarification here via The Guardian, which explained of the “get-out clause:”
“A paragraph in the German criminal code allows for trials to be ended under conditions which are “appropriate for resolving the public interest in a prosecution,” as long as the gravity of wrongdoing does not outweigh this.”
NBC Sports Group F1 pit reporter and insider Will Buxton said the decision is due to the intricacies of the German legal system:
There we go then folks, confirmation from the German Courts. Ecclestone’s proposed settlement of $100m has been accepted. Trial over.
— Will Buxton (@willbuxton) August 5, 2014
The intricacies of the German legal system have facilitated what some will see as an odd conclusion. Don’t hate the player, hate the game.
— Will Buxton (@willbuxton) August 5, 2014
Ecclestone, now 83, will be able to continue running the sport for the foreseeable future; however, he’s not clearly out of the woods. As my MotorSportsTalk colleague Luke Smith notes, a sale of the CVC Capital Partners group is on the horizon.
Mr. E walks free. Now to see what happens with CVC in the next 12 months. Sale on the horizon, what will it mean for him and for F1?
— Luke Smith (@LukeSmithF1) August 5, 2014
Though the trial may now be over, the political intrigue will continue to roll on.
Mar 28, 2015, 9:01 PM EDT
It was a double dose of Force in Saturday’s final rounds of qualifying for the sixth-annual NHRA 4-Wide Nationals at zMAX Dragway in Concord, N.C.
Mar 28, 2015, 7:46 PM EDT
Roundup of the rest of Saturday’s action from St. Petersburg.
Mar 28, 2015, 7:20 PM EDT
NBC Sports Group’s “Off the Grid” digital series hits Mexico City, set to premiere on March 31.
Mar 28, 2015, 7:11 PM EDT
Simona de Silvestro happy to be somewhat disappointed with 11th in IndyCar qualifying at St. Petersburg.
Mar 28, 2015, 6:45 PM EDT
Takuma Sato puts together a successful qualifying effort for A.J. Foyt Enterprises, ending in fifth and best Honda.
Mar 28, 2015, 6:30 PM EDT
After top-four qualifying sweep, the Team Penske teammates are praising each other rather than trading shots.
Mar 28, 2015, 5:24 PM EDT
Power on pole as Team Penske goes 1-2-3-4 in St. Petersburg qualifying.
Mar 28, 2015, 3:25 PM EDT
Indy Lights’ new era kicks off at St. Petersburg with a new driver and team on top in the series’ new car.
Mar 28, 2015, 1:27 PM EDT
More Will Power on top of IndyCar practice at St. Petersburg.
Mar 28, 2015, 1:01 PM EDT
Franck Montagny receives two-year ban from FIA’s Anti-Doping Disciplinary Committee.
Mar 28, 2015, 1:00 PM EDT
Swedish driver reaches both Q2 and Q3 for the first time in his F1 career, and will start tomorrow’s race from ninth place on the grid.
Mar 28, 2015, 12:00 PM EDT
Ricciardo and Kvyat both get inside the top five thanks to the rain in Q3 in Malaysia, but Massa and Bottas struggle.
Mar 28, 2015, 11:30 AM EDT
Monaco’s circuit for the FIA Formula E Championship is revealed.
Mar 28, 2015, 10:28 AM EDT
Incident involving Jann Mardenborough’s Nissan GT-R claims the life of one spectator at the Nordschleife.
Mar 28, 2015, 10:00 AM EDT
Dutch youngster scores the best F1 qualifying result for a teenager in 54 years on Saturday in Malaysia.
Mar 28, 2015, 9:15 AM EDT
Spanish driver will make his second debut for McLaren from 18th position on the grid tomorrow.
Mar 28, 2015, 8:30 AM EDT
British driver explains the challenge of judging your qualifying lap in the wet after securing pole position in Malaysia on Saturday.
Mar 28, 2015, 7:49 AM EDT
Merhi and Stevens miss the 107% time required to qualify in Malaysia, but are granted dispensation by the FIA stewards.
Vettel hoping for more rain on Sunday after scoring Ferrari’s first front-row start in two years (VIDEO)
Mar 28, 2015, 7:30 AM EDT
Felipe Massa was the last driver to start on the front row of the grid for Ferrari, lining up second for the 2013 Malaysian Grand Prix.
- NHRA: C. Force, Todd, McGaha and Arana Jr. qualify No. 1 for 4-Wide Nationals eliminations 0
- Teaser clip: F1 on NBC’s “Off the Grid” hits Mexico (VIDEO) 0
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- Hamilton delighted after claiming 40th career pole (VIDEO) 0
- Hamilton tames wet conditions to grab pole in Malaysia 1
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