Formula One is an exciting spectacle. Unfathomable speed, exotic locations, and ultra-luxury brands make for a compelling fan experience without mentioning all the behind-the-scenes drama. F1 enthusiasts worldwide come together each race day to cheer on their drivers and teams.… Continue Reading
Posts Tagged: Formula One
Formula One supremo Bernie Ecclestone paid $100 million in August to end his trial in Germany on criminal bribery charges. Some of the money went to save two financially strapped hospice centers that support terminally ill children and their families.… Continue Reading
Formula One chief Bernie Ecclestone avoided possible conviction on bribery charges after agreeing to pay $100 million in a Munich court Tuesday.
The High Court in London dismissed a civil damages claim last week against Bernie Ecclestone, the chief executive officer of Formula 1, arising from a sale of shares in the Formula 1 Group.… Continue Reading
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
Remember Bernie Ecclestone, the Formula One chief who was charged with making a $44 million bribe in 2006?
His chances of fighting the charges have improved now that a key piece of evidence against him has been called into question.… Continue Reading
Formula One boss Bernie Ecclestone will be charged soon in Germany for bribing a banker to gain access to his bank’s F1 shares, a German newspaper has reported.… Continue Reading