F1-Fansite.com

F1 News

Ecclestone holidays after paying $100m settlement

Bernie Ecclestone and Fernando Alonso
Bernie Ecclestone and Fernando Alonso
Bernie Ecclestone and Miranda Slabber

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."

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

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

PinIt
 submit to reddit  

Last 20 articles:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

2017 F1 Merchandise

2017 F1 MerchandiseGet your 2017 F1 Merchandise here.

Early Booking Discounts on F1 Tickets

Book F1 Tickets cheaper at F1-Fansite.com 2017 Formula 1 Season Early Booking Discounts are:
F1 RaceDiscount
Abu Dhabi '17AvailableBook Now
Australia '18AvailableBook Now
Spain '1820% DiscountBook Now
Monaco '18AvailableBook Now
Canada '18AvailableBook Now
Austria '1820% DiscountBook Now
UK '18AvailableBook Now
Germany '1829% DiscountBook Now
Hungary '1820% DiscountBook Now
Belgium '1815% DiscountBook Now
Singapore '1820% DiscountBook Now