user icon
user icon
icon
link-icon
<< Return to the news list
Ecclestone not prepared to make BayernLB a new offer

Ecclestone not prepared to make BayernLB a new offer

  • Published on 26 Aug 2014 09:52
  • comments 0
  • By: Rob Veenstra
Bernie Ecclestone remains at legal loggerheads with the Munich state bank BayernLB. When the sport's supremo controversially yet successfully settled with German prosecutors for $100 million, he had at the time also made an offer of $25 million to the aggrieved bank and former F1 shareholder BayernLB. The offer was turned down because it was not high enough.

But "If the overall package is right, we wouldn't be closed to it," BayernLB chief executive Johannes-Joerg Riegler said last week. Earlier, BayernLB had been seeking $400 million, but F1 business journalist Christian Sylt said a spokesman confirmed the bank wants an amount similar to the $100m criminal suit settlement. "Perhaps the $25m doesn't match with this settlement structure and perhaps somebody has to think about it because the state prosecutors in Germany got $100m," said the bank spokesman.

Ecclestone's lawyer says no. "We are not prepared to make a new offer," Sven Thomas, describing the original proposal as "sensible", told Sylt and the Telegraph newspaper. "BayernLB have rejected the offer, as expected. At the moment we don't do anything. We wait to see what they are going to do. If they try to sue, they shall have no chance at all. I don't think they will try to sue," Ecclestone's lawyer added. (GMM)
F1 News
<< Previous article Next article >>

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

Pos
Team
Points
1
Red Bull Racing
286
2
Mercedes
282
3
McLaren
163
4
Ferrari
148
5
Alpha Tauri
49
6
Aston Martin
48
7
Alpine F1
40
8
Alfa Romeo Racing
2
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
Bahrain
Bahrain International Circuit
16 - Apr 18
Italy
Autodromo Enzo e Dino Ferrari
30 - May 2
Portugal
Autódromo Internacional do Algarve
7 - May 9
Spain
Circuit de Catalunya
20 - May 23
Monaco
Monte Carlo
4 - Jun 6
Azerbaijan
Baku City Circuit
18 - Jun 20
France
Paul Ricard
25 - Jun 27
Austria
Red Bull Ring
2 - Jul 4
Austria
Red Bull Ring
16 - Jul 18
United Kingdom
Silverstone
30 - Aug 1
Hungary
Hungaroring
27 - Aug 29
Belgium
Spa-Francorchamps
3 - Sep 5
Netherlands
Circuit Zandvoort
10 - Sep 12
Italy
Monza
24 - Sep 26
Russian
Sochi Autodrom
1 - Oct 3
Singapore
Marina Bay Street Circuit
8 - Oct 10
Japan
Circuit Suzuka
22 - Oct 24
United States of America
Circuit of the Americas
29 - Oct 31
Mexico
Autodromo Hermanos Rodriguez
5 - Nov 7
Brazil
Interlagos
19 - Nov 21
Australia
Albert Park
3 - Dec 5
Saudi Arabia
Jeddah Street Circuit
10 - Dec 12
United Arab Emirates
Yas Marina Circuit
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
-
Bahrain Bahrain International Circuit
26 - Mar 28
Bahrain Bahrain International Circuit
16 - Apr 18
Italy Autodromo Enzo e Dino Ferrari
30 - May 2
Portugal Autódromo Internacional do Algarve
7 - May 9
Spain Circuit de Catalunya
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
Belgium Spa-Francorchamps
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
Singapore Marina Bay Street Circuit
8 - Oct 10
Japan Circuit Suzuka
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
Mexico Autodromo Hermanos Rodriguez
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar