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Formula 1 Boss Bernie Ecclestone Expects Bribery Case to Be Thrown Out
Published: February 8, 2014
An Associated Press report from Rob Harris broke down the charges:
The 83-year-old Ecclestone is facing charges of bribery and incitement to breach of trust connected with a $45 million payment to a German banker, Gerhard Gribkowsky. And the Munich regional court on Friday announced that the trial will begin on April 24 and is set to run until Sept. 16.
Despite the seriousness of the charges, Ecclestone was adamant in thinking that the actual trial will not happen.
It would be best for the Formula One boss if the bribery case does get thrown out, since bribery convictions in Germany can lead to prison sentences of up to 10 years.
Ecclestone’s anointed successor Christian Horner, who is the Red Bull team principal, supported Ecclestone in Harris’ report: "Formula One needs him more than ever at the moment. ... So he's absolutely the right man."
While Ecclestone still believes the case will be thrown out and is still operating the sport on a daily basis, he stepped down from Formula One’s board while the criminal case is still in place.
This isn’t the only trouble that Ecclestone has been forced to deal with recently.
He is still caught up in a separate legal issue regarding the sale of Formula One in 2005. Former shareholder Constantin Medien (a German media company) is suing Ecclestone for up to $144 million because it says Formula One was undervalued when it was sold.
Ecclestone probably can’t wait for attention to shift back to the actual racing as these cases hang over his head.
Read more Formula 1 news on BleacherReport.com
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Article Source: Bleacher Report - Formula 1
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