user icon

Ecclestone hails 'capitalist' system after record settlement

  • Published on 06 Aug 2014 16:24
  • comments 0
  • By: Rob Veenstra
Bernie Ecclestone on Wednesday hailed the "capitalist system" that saw him escape a bribery trial by paying the German court a record $100 million settlement. On Tuesday, the judge in Munich rubber-stamped the deal struck between the F1 supremo's lawyers and the prosecutors in the case surrounding a $44 million bribe made years ago to jailed Gerhard Gribkowsky.

Clearly, the fact a figure like billionaire Briton Ecclestone was able to cling to power in F1 and avoid jail simply by dipping into his vast fortune has been highly controversial. The 83-year-old is unapologetic. "It's certainly a bit unfortunate to pay so much money," he told Wednesday's edition of the German tabloid Bild, "but it would be worse to not have the money. I like this capitalist system," he added.

Not at all surprised, however, is former F1 manager Willi Weber, who made his fortune taking 20 per cent of Michael Schumacher's vast earnings."I said a few months ago that it would be settled with money," he told Sport Bild on Wednesday. "That's how it is in formula one, and the same as when he gave Gribkowsky that money -- without thinking too much about it," added Weber. (GMM)

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28 2021
Bahrain
16 - Apr 18 2021
Italy
30 - May 2 2021
Portugal
7 - May 9 2021
Spain
20 - May 23 2021
Monaco
4 - Jun 6 2021
Azerbaijan
18 - Jun 20 2021
France
25 - Jun 27 2021
Austria
2 - Jul 4 2021
Austria
16 - Jul 18 2021
United Kingdom
30 - Aug 1 2021
Hungary
27 - Aug 29 2021
Belgium
3 - Sep 5 2021
Netherlands
10 - Sep 12 2021
Italy
24 - Sep 26 2021
Russian
8 - Oct 10 2021
Japan
8 - Oct 10 2021
Turkey
22 - Oct 24 2021
United States of America
5 - Nov 7 2021
Mexico
12 - Nov 14 2021
Brazil
19 - Nov 21 2021
Qatar
3 - Dec 5 2021
Saudi Arabia
10 - Dec 12 2021
United Arab Emirates
-
United Arab Emirates
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28 2021
16 - Apr 18 2021
30 - May 2 2021
7 - May 9 2021
20 - May 23 2021
Monaco Monte Carlo
4 - Jun 6 2021
Azerbaijan Baku City Circuit
18 - Jun 20 2021
France Paul Ricard
25 - Jun 27 2021
Austria Red Bull Ring
2 - Jul 4 2021
Austria Red Bull Ring
16 - Jul 18 2021
United Kingdom Silverstone
30 - Aug 1 2021
Hungary Hungaroring
27 - Aug 29 2021
3 - Sep 5 2021
Netherlands Circuit Zandvoort
10 - Sep 12 2021
Italy Monza
24 - Sep 26 2021
Russian Sochi Autodrom
8 - Oct 10 2021
8 - Oct 10 2021
Turkey Istanbul Park
22 - Oct 24 2021
United States of America Circuit of the Americas
5 - Nov 7 2021
12 - Nov 14 2021
Brazil Interlagos
19 - Nov 21 2021
3 - Dec 5 2021
Saudi Arabia Jeddah Street Circuit
10 - Dec 12 2021
United Arab Emirates Yas Marina Circuit
-
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar