Stoked News – News, Videos, surf, skateboard, snowboard, motorsports, action sports » Blog Archive » F1 – Bernie Ecclestone admits bribe case could end F1 reign

Bernie Ecclestone has spoken for the first time about how his reign as Formula One’s chief executive could be threatened if he is charged in a bribery case in Germany surrounding the $1.6bn sale of the motor racing series to private equity firm CVC in 2006.

The case concerns a $44m bribe Mr Ecclestone allegedly paid to a German banker, Gerhard Gribkowsky, to wave through the sale to CVC.

Mr Ecclestone says CVC “will probably be forced to   …  More

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This entry was posted on Saturday, December 29th, 2012 at 4:50 pm and is filed under Automobile, Formula & Indy Cars. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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