Jailed banker tells German court that Ecclestone bribed him

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Today in Munich, imprisoned banker Gerhard Gribkowsky told a courtroom that Formula One boss Bernie Ecclestone gave him a $44 million bribe over the sale of a stake in the sport.

Ecclestone is accused of giving that alleged bribe to Gribkowsky in order to help move along the sale of German bank BayernLB’s former F1 stake to CVC Capital Partners almost a decade ago.

Gribkowsky, now the star witness for the prosecution, is serving an eight-and-a-half year jail sentence for accepting the money and for tax evasion.

Ecclestone has admitted to the payments, but has consistently maintained that Gribkowsky was threatening to make false reports about him to tax authorities.

According to Reuters, Gribkowsky – who started giving evidence in the trial last Friday – said through an interpreter that “the offer clearly came from him,” meaning Ecclestone.

He also added, “I had a carrot dangled in front of me. I grabbed the carrot.”

As for the matter of what Ecclestone expected in return for the payment, Gribkowsky said “that remained vague.”

Additionally, the banker admitted to spreading rumors about Ecclestone’s tax status but denied the allegations of blackmail from the British billionaire, who faces not only a possible 10-year jail term but the end of his decades-long reign over F1.

“We didn’t have anything concrete,” Gribkowsky said on those rumors. “It was mainly nuisance value.”

Last November, CVC (which owns a 35 percent stake in the sport) said that it was ready to fire Ecclestone if he is found guilty of any charges against him.

“He told me he had never lied to me and I must say that I had trouble believing you could forget payment of $40 million,” CVC co-founder Donald Mackenzie told the High Court in London at that time.

Kyle Larson wins High Limit Sprint race at Tri-City Speedway ahead of Rico Abreu

Larson High Limit Tri-City
High Limit Sprint Car Series
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A late race caution set up a 14-lap shootout at Tri-City Speedway in Granite City, Illinois with Kyle Larson winning his second consecutive High Limit Sprint Car Series race over Rico Abreu.

Starting eight on the grid after a disappointing pole dash, Larson missed several major incidents as he worked his way to the front. On Lap 1 of 35, a five-car accident claimed Tyler Courtney and Michael “Buddy” Kofoid, who both took a tumble and before collecting three other cars. Once that red flag was lifted, it didn’t take long for drivers to get tangled again as the leader Danny Dietrich experienced engine trouble on Lap 8. When he slowed rapidly, second-place Brent Marks collided with his back tire, ending the day for both.

Larson moved up to fourth with this incident.

Another red flag on Lap 21 for a flip involving Parker Price-Miller set up the dash for the win.

“My car felt really good and then we got that red,” Larson said from victory lane. “I was kind of running through the crumbs before that in 3 and 4; I could tell the top was getting really sketchy. Parker was making mistakes up there.

“When the red came out, I could see there was a clean lane of grip – not just marbles. It’s hard to see when you’re at speed. I figured Rico was going to run the top and he did. I got to his inside a couple of times and I was like ‘please don’t go to the bottom,’ and I threw a slider on him. Then he went to the bottom and I thought I was screwed until he spun his tires really bad off the corner and I was able to hit the top okay and get another run and slide him. I got good grip off the cushion.”

The victory makes Larson the first repeat winner in the series’ five-race history. He beat Justin Sanders earlier this month at Wayne County Speedway in Orrville, Ohio.

With 10 laps remaining, Larson caught and pressured Abreu. The two threw a series of sliders at one another until Abreu bobbled on the cushion and lost momentum.

“Anytime you race Rico and he’s on the wall like that, you have to get aggressive,” Larson said. “He’s pushing so hard that just to stay in the striking zone if he makes a mistake, you have to push hard too.”

For Abreu, it was his second near-miss this season. He was leading at Lakeside in the 2023 opener until a tire went flat in the closing laps.

“I felt like I made a lot of mistakes at the end,” Abreu said. “It’s just hard to judge race pace. You’ve got Kyle behind you and [Anthony] Macri and these guys that have had speed all year long. I was racing as hard as I could and the mistake factor is more and more critical.”

Cory Eliason earned his career-best High Limit finish of third after starting deep in the field in 13th.

Macri lost one position during the race to finish fourth with Sam Hafertepe, Jr. rounding out the top five.

Visiting from the NASCAR Cup series, Ricky Stenhouse Jr. finished 19th in the 25-car field after advancing from the B-Main.

2023 High Limit Sprint Car Series

Race 1: Giovanni Scelzi wins at Lakeside Speedway
Race2: Anthony Macri wins at 34 Raceway
Race 3: Kyle Larson wins at Wayne County Speedway