Formula One supremo Bernie Ecclestone hopes to keep the German Grand Prix on this season's calendar despite money problems at the tracks, he said in an interview published by Britain's Press Association on Tuesday.
German bank BayernLB is seeking €345 million ($423 million) in a lawsuit against Formula One magnate Bernie Ecclestone over the 2006 sale of the sport's rights, according to a report.
German bank BayernLB on Friday rejected F1 boss Bernie Ecclestone's offer of €25 million to settle damages out of court. The bank is threatening further legal action.
Formula One tycoon Bernie Ecclestone has praised capitalism and Munich after he settled his bribery trial with a $100 million payment to the Bavarian justice system.
Germany's justice system faced ridicule on Tuesday after Formula One tycoon Bernie Ecclestone paid a Munich court $100 million to drop bribery charges against him.
UPDATE: A Munich court ruled on Tuesday that Formula One tycoon Bernie Ecclestone may pay a record $100-million settlement to end his trial on bribery charges.
Convicted German banker Gerhard Gribkowsky, a key witness in the corruption trial of Bernie Ecclestone, told a court on Friday that the Formula One boss offered him a $10 million bribe in 2004.
UPDATE: Formula One supremo Bernie Ecclestone went on trial in Germany on Thursday, denying charges of bribery that threaten to land the British billionaire in jail.
UPDATE: Bernie Ecclestone will step down as the head of Formula One's holding company pending the outcome of a bribery trial in Germany, the organization announced on Thursday. He has vowed to prove his innocence.
Bernie Ecclestone, the Formula One boss embroiled in controversy over a verbal gaffe in which he praised Adolf Hitler, has cancelled a planned appearance at the famous NĂĽrburgring auto racetrack this week.
“It was a misunderstanding,” is the latest coming from Bernie Ecclestone on Monday, after a British newspaper printed controversial compliments of Adolf Hitler from the Formula One president and CEO.
