German court to accept Ecclestone payment to end bribery trial

9 Comments

Bernie Ecclestone’s bribery trial will end, as the head of Formula One has offered up $100 million U.S. for that ending – this has been identified by a district court in Munich, and state prosecutors plan to accept.

Reports last week indicated this was possible for Ecclestone to pay his way out through a legal out clause, explained a bit further below.

This will end the trial that began in April and has gone on throughout the summer. Ecclestone will be found neither guilty or innocent on the charges.

The trial all stems from Ecclestone’s being accused of paying jailed German banker Gerhard Gribkowsky of $44m for the BayernLB bank to keep Ecclestone as an F1 executive and for CVC Capital Partners to take the sale of F1’s commercial rights at an undervalued price. Though the payment was accepted, Ecclestone denied this was a bribe.

But the out clause to allow Ecclestone to pay his way out of this case refers to a provision in German law.

The BBC reported the quote of an experienced lawyer, Franz Bielefeld, to the Spiegelonline news website. Bielefeld explained to that outlet that this proviso, known as Paragraph 153a, was not just applicable to commercial trials, but could be invoked throughout the court system.

Further clarification here via The Guardian, which explained of the “get-out clause:”

“A paragraph in the German criminal code allows for trials to be ended under conditions which are “appropriate for resolving the public interest in a prosecution,” as long as the gravity of wrongdoing does not outweigh this.”

NBC Sports Group F1 pit reporter and insider Will Buxton said the decision is due to the intricacies of the German legal system:

Ecclestone, now 83, will be able to continue running the sport for the foreseeable future; however, he’s not clearly out of the woods. As my MotorSportsTalk colleague Luke Smith notes, a sale of the CVC Capital Partners group is on the horizon.

Though the trial may now be over, the political intrigue will continue to roll on.

Make sure to follow all of Friday’s Indy 500 ‘Carb Day’ action on NBCSN from Indianapolis

NBCSN
Leave a comment

It’s known as “Carburetor Day” – or in its simplest term, just “Carb Day.”

But the final day of on-track action Friday at Indianapolis Motor Speedway before Sunday’s 102nd Running of the Indianapolis 500 is so much more.

Especially on NBCSN, which will have wall-to-wall live coverage starting Friday morning.

Here’s how Friday’s schedule breaks down:

  • 11 a.m. ET: Carb Day kicks off with the final practice for Sunday’s Indy 500. The session will last one hour in length.
  • 12 p.m. ET: We’re going racing! Strap in for coverage of the Indy Lights’ Freedom 100 on the famous Brickyard.
  • 1:30 p.m. ET: We’ll have coverage of the annual IndyCar Pit Stop Challenge. Which teams have the best – and most importantly, fastest and accurate – pit crews? Team Penske has won 10 of the last 12, including the last two years edging out Schmidt Peterson Motorsports each time. Who can potentially beat them this year?
  • 3:30 p.m. ET: We’ll have our annual NASCAR America Motorsports Special. Among segments included in the 90-minute show will be:1) 2016 Indy 500 winner Alexander Rossi will discuss how it used to upset him when people suggested he “backed into” his big win and how he didn’t really feel vindicated until he qualified on the front row for last year’s race.
    2) Defending 500 winner Takuma Sato, the first Japanese driver to ever win at Indianapolis, discusses the impact of his big win personally and professionally, particularly back in his native land.
    3) An essay by Robin Miller on Stefan Wilson giving up his ride last year to allow Fernando Alonso to race for Andretti Autosport.
    4) An essay by Nate Ryan on Danica Patrick as she looks to compete in her final Indy 500 before retiring from professional racing.

Follow @JerryBonkowski