Aug 9, 2014, 9:15 AM EDT
The German bank at the centre of Bernie Ecclestone’s bribery trial has rejected a settlement offered by the 83-year-old following the end of court proceedings earlier this week, according to reports.
Ecclestone was accused of bribing banker Gerhard Gribkowsky to influence the sale of Formula 1 back in 2005, but the case came to a close after he made a $100m payment to the court as permitted by German law.
The case ended with no conviction, meaning that Ecclestone remains in charge at the top of the sport. He immediately returned to work on the same day that the case ended.
However, a settlement offer of $33m made to BayernLB by Ecclestone was rejected on Friday, as confirmed to Reuters by a spokesperson for the bank.
Neither party has made further comment on the matter, but it could lead to BayernLB taking more civil proceedings against the Briton. The more likely resolution would be for an increased offer to be made and accepted, given that the bribery trial proceedings have now come to a close.
Ecclestone has said that he feels like “a bit of an idiot” for settling the matter with the German court earlier this week.
“They really didn’t have a case,” he told the BBC. “The judge more or less said I was acquitted, so I was a bit of an idiot to do what I did to settle because it wasn’t with the judge, it was with the prosecutors.
“Anyway, it’s done and finished, so it’s all right. I’m content – it’s all fine. This now allows me to do what I do best, which is running F1.”
Sep 16, 2014, 10:00 PM EDT
Lajoie will run his first Cup race at New Hampshire, while Justin Boston will drive for Joe Gibbs Racing at Kentucky and Dover in the Nationwide Series.
Sep 16, 2014, 9:00 PM EDT
Will experience or hunger help him capture his 2nd Sprint Cup title? The NASCAR AMERICA gang debates the topic.
Sep 16, 2014, 8:00 PM EDT
NBC Sports legal analyst Jack Furlong breaks down what could happen now that a grand jury will decide whether Stewart will face charges for his involvement in the accident that killed sprint car racer Kevin Ward Jr.
Sep 16, 2014, 7:00 PM EDT
The nine-turn Port of Los Angeles circuit will feature the longest joker of the 2014 GRC season.
Sep 16, 2014, 6:00 PM EDT
Teams now know what radio messages can and cannot be made heading into this weekend’s Singapore Grand Prix.
Sep 16, 2014, 4:45 PM EDT
Also coming up today: What’s more important in winning a Sprint Cup title: Experience or Drive?; rookie phenom Kyle Larson on dealing with the hype; NASCAR pioneer Wendell Scott to be honored next month.
Sep 16, 2014, 4:00 PM EDT
The Russian driver will continue his rehab work in Indy after sustaining multiple injuries in a practice crash on Aug. 29 at Auto Club Speedway.
Sep 16, 2014, 3:00 PM EDT
The three-time NASCAR champion responds that he intends to “continue to provide my full cooperation.”
Sep 16, 2014, 2:45 PM EDT
OAK Racing to return to FIA WEC for three of last four races.
Sep 16, 2014, 2:30 PM EDT
Sprint Cup driver David Ragan and Camping World Truck Series driver Darrell Wallace Jr. will sport special paint schemes honoring Scott during the Martinsville Chase weekend in October.
Sep 16, 2014, 2:00 PM EDT
Videos from the Pirelli World Challenge championship celebration highlight 25 years, and the 25th year (2014) of the championship.
Sep 16, 2014, 1:30 PM EDT
All the notes and numbers to keep in mind as NASCAR enters the second race of the Chase’s Challenger Round.
Sep 16, 2014, 1:00 PM EDT
Reports from Australia peg the season-opening race having posted an A$60 million loss in 2014.
Sep 16, 2014, 12:25 PM EDT
CFH Racing reveals logo and will reveal a part of its 2015 Verizon IndyCar Series program on Wednesday.
Sep 16, 2014, 12:00 PM EDT
Corvette Racing and Corvette DP teams look for Austin win encore this weekend.
Sep 16, 2014, 11:15 AM EDT
Expect the 100 kg fuel limit to enter the equation this weekend, says Renault’s head of track operations.
Sep 16, 2014, 10:28 AM EDT
Sergio Perez looks to go 4-4 in Singapore scores.
Sep 16, 2014, 9:52 AM EDT
Michael Waltrip and partner Emma Slater look to avoid being eliminated after first dance effort on DWTS.
Sep 15, 2014, 10:54 PM EDT
Tony Stewart is expected to learn later this week if he will not face charges or may be indicted in last month’s Kevin Ward Jr. tragedy. A noted attorney with extensive experience in death and catastrophic injury cases explained to MST the legal process in Stewart’s case.
Sep 15, 2014, 9:36 PM EDT
In his first-ever race in the Chase for the Sprint Cup, Aric Almirola suffered a blown engine at Chicagoland Speedway for the first time in his three-year career.
Video from NASCAR America
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