Connect with us

2014 F1

Judge ends Ecclestone trial after $100m deal

Published

on

475956-bernie-ecclestone
Bernie Ecclestone walked out of court on Tuesday with the corruption scandal that threatened to end his F1 reign and leave him in jail effectively over.

If he is able to get $100 million together within a week, all charges will be dropped.

“Yes,” 83-year-old Ecclestone told the judge when asked if he can meet the deadline.

“Thank you very much, I will honor my commitments,” he added.

The financial settlement was agreed last Friday between the British billionaire, his lawyers and state prosecutors, and on Tuesday the judge in the bribery trial accepted it.

“The proceedings will be temporarily suspended with the agreement of the prosecution and the accused,” judge Peter Noll said.

$99 million will go into the Bavaria state’s coffers, and $1 million to a children’s charity.

Prosecutors said they agreed to the deal due to Ecclestone’s “advanced age” and “other extenuating circumstances”.

And the judge said the arrangement was made because the trial so far had not supported “the suspicion in major parts, and more evidence-taking isn’t likely to yield other results”.

Ecclestone’s lawyers insisted in a statement that Tuesday’s outcome is not a “deal nor a settlement, even less so a ‘buying out’.”

Rather, it shows that a “conviction of Mr Ecclestone could not be expected with any likelihood”.

The fact that a corruption saga ends with a history-making payment to the court, however, is obviously highly controversial, particularly with companies like Mercedes parent Daimler operating under strict compliance rules.

Daimler president Dieter Zetsche had said on Sunday: “If someone is acquitted in court, does not go to jail and can continue working, I welcome that.

“This applies to Bernie Ecclestone especially, with the great contributions he has made to formula one.”

Zetsche added that despite his advancing age, Ecclestone can play “a decisive role in formula one into the future,” he told Bild am Sonntag newspaper. (GMM)

Comments

Latest Results




Latest F1 News

2018 F16 hours ago

Formula 1 eyes adding ‘Q4’ to qualifying

Liberty Media could be looking at adding another segment to the current ‘knockout’-style qualifying format. Auto Motor und Sport reports...

2018 F16 hours ago

McLaren, Alonso ‘interested’ in Indycar – boss

Indycar looks set to secure three big names from the world of formula one. One is the famous team McLaren,...

2018 F115 hours ago

Schumacher happy with Ferrari interest

Mick Schumacher says he is happy with Ferrari’s interest in his flourishing formative career. After a moderate start, the 19-year-old’s...

2018 F12 days ago

Giovinazzi tipped to replace Ericsson at Sauber F1

Sauber boss Frederic Vasseur has denied that taking on Kimi Raikkonen for 2019 is part of the Swiss team’s deal...

2018 F12 days ago

Leclerc could beat Vettel at Ferrari – Marciello

Charles Leclerc could emerge as Ferrari’s number 1 driver as quickly as 2019. That is the view of racing driver...

2018 F14 days ago

I can still become world champion with my own power – Vettel

According to La Gazzetta dello Sport, the highly influential Italian sports daily, Sebastian Vettel said “Ciao Mondiali” to his hopes...

2018 F15 days ago

Vettel misses Schumacher amid 2018 F1 struggle

Sebastian Vettel thinks he would benefit from the advice of his old friend and mentor Michael Schumacher. One analysis of...

2018 F16 days ago

Verstappen says Red Bull never considered deal with Alonso

Max Verstappen says Red Bull never considered signing up Fernando Alonso for 2019. That is despite the fact that, recently,...

2018 F16 days ago

Honda poised to overtake Renault for power

Honda could be poised to overtake Renault and cease having the least powerful engine in F1. Auto Motor und Sport...

2018 F11 week ago

Pascal Wehrlein on pole for 2019 Toro Rosso race seat

Pascal Wehrlein has emerged as a top candidate to return to F1 next year. Just days ago, Mercedes admitted that...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media