Ecclestone “indicted” in Gribkowsky bribe case

Leave a comment

A German court’s two-year investigation into whether Formula One boss Bernie Ecclestone bribed a banker during the 2006 sale of the sport to CVC Capital Partners may finally be coming to a head.

Ecclestone told the Financial Times on Wednesday he had received an indictment. “It’s a pity it’s happened,” he said, adding he would “defend it properly”.

He plans to contest the charges, raising the prospect of another lengthy court battle. The relevant documents are currently being translated into English.

Gribkowsky was sentenced to eight-and-a-half years in prison last year following a nine-month trial during which Ecclestone admitted making payments to him. “He was shaking me down and I didn’t want to take a risk,” Ecclestone said at the time.

The threat of legal proceedings will be unwelcome for CVC, who are planning to float Formula One on the Singapore stock exchange. It is targeting a value of over $10 billion for the sport. An earlier attempt at an initial public offering was abandoned due to unfavorable economic conditions in Europe.

At the end of the year Ecclestone admitted CVC “will probably be forced to get rid of me” if he were to face charges over the bribery allegations.

Ecclestone also faces charges in the UK that some F1 rights were sold at below their true value.

Al Unser Jr. back in IndyCar after a decade away: ‘Life is very good’

Getty Images
1 Comment

There’s been somewhat of a hole in Al Unser Jr.’s heart ever since he retired from racing in 2007.

It was a void, something was missing.

But now, after a decade away from racing, Unser has found the right medicine to fill that hole in his heart: he’s back in the racing game again.

No, he’s not driving again (although he does participate occasionally in vintage races), but the two-time Indianapolis 500 (1992 and 1994) winner is definitely back in the IndyCar world.

And he couldn’t be happier.

“For me, it’s a dream come true,” Unser told IndyCar.com. “Since I stepped out of the race car and retired from racing, there’s been something missing from my life, and it’s racing.”

Unser has hooked up with Harding Racing. The team competed in three races last season as a ramp-up for a full 17-race effort this season. While Unser’s official title with the team is “consultant,” he’s involved in so much more.

His main role is as a driving coach to 2015 IndyCar Rookie of the Year Gabby Chaves. But he’s also involved in so many other areas, including helping the team obtain sponsorships and much more.

He then added, “I’m involved in every sense of the word except actually driving the car. And I’m happy about that because I’m too old to drive the car.”

Unser, who won CART championships in 1990 and 1994, is now 55. He’s so involved with his new job that he even moved from his native New Mexico and has relocated to suburban Indianapolis.

Not only is it a new start for Unser, it also is for Chaves. After running all 16 races in 2015 for Bryan Herta Autosport with Curb-Agajanian, he competed in just seven races for Dale Coyne Racing in 2016 and only three races for Harding Racing last season.

But he definitely impressed the team, with a fifth- (Texas) and ninth-place (Indianapolis 500) finish in the first two races and 15th (Pocono) in the team’s final run of the season.

That’s why when Harding Racing decided to go fulltime in 2018, Chaves was their pick for behind the wheel. And Unser was their pick to help guide him to potential stardom in the series.

“(Team owner) Mike Harding is definitely a person that when he decides to do something, he does it right,” Unser told IndyCar.com. “The potential for this organization is through the sky. We’re all working really hard here and we see the potential.”

And as for Unser?

“Life is good, life is very good,” he told IndyCar.com. “We’re back full force, eager and better than ever.”

Click here for the full story about Unser from IndyCar.com.