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Posts Tagged: Bernie Ecclestone

Ecclestone steps down from F1 board, keeps day-to-day role

Facing bribery charges, Bernie Ecclestone, chief of Formula One racing, has stepped down from the board of the company that runs the sport, Delta Topco, until the case concludes.

Ecclestone will continue to run the sport franchise on a day-to-day basis, but he will cease being the board’s director and be subject to increased monitoring and control by the board during the duration of the litigation.… Continue Reading

Ecclestone indicted on German bribe charge

Bernie Ecclestone, president and CEO of Formula 1 (Photo courtesy of Wikipedia)Prosecutors in Munich have indicted Formula 1 boss Bernie Ecclestone for bribery.

He’s accused of paying $44 million to German banker Gerhard Gribkowsky of Bayern Landesbank, the BBC reported Wednesday.… Continue Reading

Bribery case could dethrone F1’s Ecclestone

Bernie Ecclestone at the 2012 Bahrain Grand Prix (photo courtesy of Wikipedia)Formula One boss Bernie Ecclestone said this week a bribery case brewing in Germany could end his nearly 40-year reign over the world’s premier motor sport.… Continue Reading

SFO Targets F1 Supremo Ecclestone

The U.K. Serious Fraud Office may investigate bribery allegations against Formula One boss Bernie Ecclestone, left, according to reports from Reuters and others.

Ecclestone, 81, testified in a German court last week that he ‘paid former BayernLB banker Gerhard Gribkowsky to stay quiet and keep tax authorities at bay while acquiring Formula One rights five years ago,’ Reuters said.… Continue Reading