F1 Fansite

F1 News

Ecclestone holidays after paying $100m settlement

Posted on by
Bernie Ecclestone and Fernando Alonso
Bernie Ecclestone and Fernando Alonso
Ecclestone holidays after paying $100m settlement

Bernie Ecclestone and Miranda Slabber

Bernie Ecclestone‘s bribery trial and charges have been officially dropped, after the F1 supremo lodged his controversial $100 million settlement with Munich authorities.

After the deal was announced recently, the 83-year-old Briton had one week to actually pay the funds — $99 million to the Bavarian state, and $1 million to a German children’s charity.

“After the payment of the agreed amount to the recipients, the court ceased criminal proceedings”, Munich spokeswoman Margarete Notzel confirmed to the German news agency DPA.

Ecclestone is celebrating the end of proceedings by holidaying aboard his huge luxury yacht Petara off the Croatian island of Havr, the Daily Mail reported.

“The bottom line is it’s been three and a half years of aggravation, travelling, meeting lawyers, and god knows what else, so it is good it is out of the way,” the billionaire said.

It is not yet clear what Bavaria will do with Ecclestone’s millions, the largest criminal court settlement in German history, but minister president Horst Seehofer insisted: “We are certainly not breaking into cries of joy.”

Please share this article & subscribe to our FREE weekly F1 Newsletter

PinIt

Latest F1 News posts:

See older posts in our F1 News Archive »

Free F1 Newsletter

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com '14 & '15 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix
Discount

Book F1 Tickets USA F1 GP USA Available Book Now
Book F1 Tickets Singapore F1 GP Singapore Available
Book Now
Book F1 Tickets Spanish F1 GP Spain 2015 -20%
Book Now
Book F1 Tickets Monaco F1 GP Monaco '15 Available
Book Now
Book F1 Tickets Canadian F1 GP Canada '15 Available Book Now
Book F1 Tickets Austria F1 GP Austria '15 Available Book Now
Book F1 Tickets Austria F1 GP Hungary '15 -25% Book Now
Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.
Online Broker Compare