F1 Fansite

F1 News

Prospects are not good as Ecclestone trial begins

Posted on by
Bernie Ecclestone and Fernando Alonso
Bernie Ecclestone and Fernando Alonso
Prospects are not good as Ecclestone trial begins

Bernie Ecclestone and Miranda Slabber

Bernie Ecclestone‘s bribery trial begins on Thursday.

It could be the final lap in a long and lucrative career for the 83-year-old Briton, as two courts have already found that he did indeed bribe the already-jailed former F1 banker Gerhard Gribkowsky.

The criminal trial in Germany could see Ecclestone also out of a job and in jail.

In the indictment papers, he is accused of paying $44 million to “win over” Gribkowsky, who has already been convicted in the same jurisdiction for receiving the bribes.

According to F1 business journalist Christian Sylt, quoting from the indictment, Ecclestone offered Gribkowsky “personal gain” in exchange for dispensing “with BayernLB as a formula one shareholder as quickly as possible.”

Writing in the Guardian, Sylt said Ecclestone is not commenting this week.

“It doesn’t look terribly good for him,” Sylvia Schenk, a senior sports lawyer for the anti-corruption agency Transparency International, told Bloomberg.

“Under a compliance point of view you have to remember that Ecclestone has already admitted paying the $44 million to Gribkowsky, and for reasons which don’t seem to be really kosher,” she said.

“It’s not exactly an exhibit of integrity. But the justice system still needs to prove his individual responsibility.”

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 British F1 GP British '15 Available Book Now
Book F1 Tickets Singapore F1 GP Singapore 15 -15%
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
Book F1 Tickets Belgium F1 GP Belgium '15 -25% Book Now
Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.
Online Broker Compare