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Ecclestone on holiday after paying $100m settlement

  • Published on 14 Aug 2014 13:50
  • comments 0
  • By: Rob Veenstra
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." (GMM)

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22 - Oct 24 2021
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Mexico
12 - Nov 14 2021
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19 - Nov 21 2021
Qatar
3 - Dec 5 2021
Saudi Arabia
10 - Dec 12 2021
United Arab Emirates
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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
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Hungary Hungaroring
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10 - Sep 12 2021
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24 - Sep 26 2021
Russian Sochi Autodrom
8 - Oct 10 2021
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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
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10 - Dec 12 2021
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United Arab Emirates Yas Marina Circuit
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