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Bernie could settle for millions

Sunday 26-January-2014 05:19

Bernie Ecclestone could pay a staggering £240million to settle his bribery case, that's according to his lawyer.

In April the F1 supremo will face a Munich court to answer charges of bribery.

The charges relate to the sale of F1 to CVC, in which Ecclestone is alleged to have paid former German banker Gerhard Gribkowsky a bribe. Already Gribkowsky is serving an eight-and-a-half year sentence for accepting said bribe.

However, Ecclestone could avoid jail time by settling to the tune of £240million, which is what BayernLB claim they lost because of the Brit.

"I don't think that we can achieve a settlement before the trial starts. During trials settlements are always possible but not before," Ecclestone's lawyer Sven Thomas told the Daily Mail.

However, Thomas added, that Ecclestone is "preparing for fighting. I think we have more than a good argument because Gribkowsky's so-called confession is not stringent and it doesn't fit with the facts."

As for Ecclestone, the F1 supremo doubts the judge will easily accept a settlement.

"The judge is in a difficult position," said the 83-year-old. "He has locked somebody up for eight-and-a-half years.

"What he doesn't want to say is that he has abandoned this. He said if the prosecutors wanted to, he would give some consideration to doing that but the prosecutors haven't asked.

"The last thing he wants to do is say, "There wasn't a case" and somebody says to him, "That's very nice, you have locked the guy up for eight-and-a-half years without even deciding"."

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