Ecclestone holidays after paying $100m settlement

2,900 views

Ecclestone holidaying aboard his huge luxury yacht Petara off the Croatian island of Havr

Bernie Ecclestone's bribery trial and charges have been officially dropped, after the F1 supremo lodged his controversial $100 million settlement with Munich authorities.

After the deal was announced recently, the 83-year-old Briton had one week to actually pay the funds -- $99 million to the Bavarian state, and $1 million to a German children's charity.

"After the payment of the agreed amount to the recipients, the court ceased criminal proceedings", Munich spokeswoman Margarete Notzel confirmed to the German news agency DPA.

Ecclestone is celebrating the end of proceedings by holidaying aboard his huge luxury yacht Petara off the Croatian island of Havr, the Daily Mail reported.

"The bottom line is it's been three and a half years of aggravation, travelling, meeting lawyers, and god knows what else, so it is good it is out of the way," the billionaire said.

It is not yet clear what Bavaria will do with Ecclestone's millions, the largest criminal court settlement in German history, but minister president Horst Seehofer insisted: "We are certainly not breaking into cries of joy."

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

User photos

erikjunius
F1

erikjunius

37 photos
EuroRacer
F1

EuroRacer

21 photos
SurdinP
F1

SurdinP

1 photos
max
F1

max

29 photos
ADLITIKA
F1

ADLITIKA

213 photos
Kevin_Bennett_Photo
F1

Kevin_Bennett_Photo

139 photos
PiBiPhoto
F1

PiBiPhoto

47 photos
Upload photo