German bank rejects Ecclestone's $33 million dollar offer

Bernie Ecclestone was able to make a deal with the courts, but according to reports, not the German bank BayernLB.

The German bank BayernLB has rejected Bernie Ecclestone's offer of a $33 million dollar settlement. Ecclestone was on trial for allegedly bribing banker Gerhard Gribkowsky in order to influence the sale of Formula One back in 2005. The case ended without any conviction after Bernie made a $100 million dollar payment to the court last week.

However, it's not completely over for the F1 supremo. A $33 million dollar settlement to the aforementioned German bank has been rejected. This could mean that BayernLB wishes to pursue this with more civil proceedings, but could also mean that they just want a higher offer.

This was first made known by a spokesman for the bank, who told Reuters on Friday.


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About this article
Series Formula 1
Drivers Bernie Ecclestone
Article type Breaking news