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.
Oct 1, 2014, 4:30 PM EDT
Bailiffs seize goods at Leafield, but Caterham issues a statement saying that it is business as usual.
Oct 1, 2014, 3:17 PM EDT
Wednesday’s edition of NASCAR America goes in-depth with all 12 drivers in Round 2 of the Chase for the Sprint Cup, also known as the Contenders Round.
Report: Australian-owned team, driver and sponsor to debut in NASCAR Camping World Truck Series in 2015
Oct 1, 2014, 2:10 PM EDT
While Marcos Ambrose is returning to his native Australia after this season, a new Australian-owned team is set to make its debut in the NASCAR Camping World Truck Series next season, complete with an Australian-born driver and Aussie primary sponsor.
Oct 1, 2014, 1:53 PM EDT
Bill Elliott figured real estate would be a good investment many years ago, and did that belief ever pay off for the soon-to-be NASCAR Hall of Famer.
Oct 1, 2014, 1:28 PM EDT
Kawasaki officially announced that reigning supercross champion Ryan Villopoto will head to Europe next year to race the MXGP series. Davi Millsaps and Wil Hahn will replace him on the American Monster Energy Kawasaki team.
Oct 1, 2014, 1:08 PM EDT
He’s reached the fourth round of Dancing With The Stars, but will NASCAR’s Michael Waltrip and partner Emma Slater make it to the fifth round?
Oct 1, 2014, 11:15 AM EDT
Jeff Gordon is now just three top-10 finishes away from tying Mark Martin for second most top-10s in a career. And in an ironic twist, Gordon is still seeking his first pole at this Sunday’s race venue, Kansas Motor Speedway.
Oct 1, 2014, 10:33 AM EDT
More details revealed ahead of Honda’s return to F1 in 2015 with McLaren.
Oct 1, 2014, 10:25 AM EDT
Clint Bowyer’s officially a father.
Oct 1, 2014, 10:16 AM EDT
Veteran NASCAR crew chief Mike Ford has joined Athenian Motorsports, the Nationwide Series team announced Wednesday.
Oct 1, 2014, 9:59 AM EDT
Sauber confirms that her testing programme has been scrapped due to “financial reasons”.
Sep 30, 2014, 8:00 PM EDT
“Driver 88″ discusses his performance issues in the Challenger Round with NASCAR AMERICA’s Rick Allen.
Sep 30, 2014, 7:00 PM EDT
How do you prepare for two races and then a free-for-all at Talladega? Rick Allen and Kyle Petty of NASCAR AMERICA discuss.
Sep 30, 2014, 6:15 PM EDT
Also: Crew chief in same series fined, put on probation for car weight issue from last weekend at Dover.
Sep 30, 2014, 5:30 PM EDT
Williams’ gap on Ferrari for third in the Constructors’ Championship is down to nine points going into this weekend’s Japanese Grand Prix.
Sep 30, 2014, 4:45 PM EDT
Also coming up today: A closer look at the Contender Round tracks and who’s been successful at them; Joe Gibbs Racing focusing on continued momentum at Kansas; more radio goodness with the Dover Chase edition of “Scan All 43.”
Sep 30, 2014, 4:15 PM EDT
Sixteenth in the 2014 IndyCar season was rookie Mikhail Aleshin, ever the fighter.
Sep 30, 2014, 3:50 PM EDT
Agag hopes for “three or four different makers of motors and batteries” during F-E’s second season.
Sep 30, 2014, 3:15 PM EDT
P15 caps a difficult IndyCar season for Justin Wilson and Dale Coyne Racing.
Sep 30, 2014, 2:47 PM EDT
The son of two-time Nationwide Series champion Randy Lajoie will race the upcoming NNS events at Kansas, Charlotte, Texas, and Homestead.
Video from NASCAR America
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