PlanetF1

www.planetf1.com

Print

Ecclestone pays up

Thursday 14-August-2014 05:09

Bernie Ecclestone's legal troubles are behind him as a German court has confirmed his $100 million payment has been received.

Ecclestone offered to pay $100 million to put an end to his bribery trail in Munich.

He was charged with paying a $44 million bribe to a former German banker to facilitate the sale of F1 from BayernLB to CVC.

Last week, the Munich court approved the agreement and gave Ecclestone a week to make the payment.

On Wednesday, the court confirmed that he had paid up on time.

The F1 supremo, though, need not worry about his bank balance taking a hit as he worth an estimated £6billion.

© 2014 - 365 Media Group

Any reproduction, publication or redistribution of this material without the written agreement of 365 Media Group is strictly forbidden.