Bank 'not closed' to higher Ecclestone settlement

1,932 views

Bernie Ecclestone looks set for new settlement talks.

After he ended his criminal troubles in Germany recently with a controversial $100 million payment, the F1 supremo's legal troubles nonetheless went on when the Munich bank BayernLB rejected his EUR 25 million settlement offer.

But BayernLB chief executive Johannes-Joerg Riegler on Thursday admitted that if "the overall package is right, we wouldn't be closed to it (a settlement)".

However, having lost a recent civil suit also over the Gerhard Gribkowsky affair, another former shareholder, Constantin Medien, is also fighting on.

"Constantin will pursue every possible legal remedy it has, both in the UK and in Germany, against those responsible for the losses it sustained," lawyer Keith Oliver told the Guardian.

But with the trial that could have seen him sacked and jailed definitively over, 83-year-old Ecclestone's mind is firmly back on Formula One.

He is busy putting together the sport's 2015 calendar, which will not feature the return of an Indian Grand Prix.

"We are looking at 2016 now and hopefully the tax issues in India will also be sorted out by then," Ecclestone told the Indian news agency PTI on Thursday.

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags bernie ecclestone

User photos

Motorheart
F1

Motorheart

1 photos
momomoy52
F1

momomoy52

18 photos
sleboz
F1

sleboz

4 photos
EuroRacer
F1

EuroRacer

45 photos
Josefine Lißner
F1

Josefine Lißner

1 photos
hanmerdesign
F1

hanmerdesign

9 photos
Evan_DeCiren
F1

Evan_DeCiren

30 photos
colfox72
F1

colfox72

1 photos
Upload photo