|
||||||||||
|
||||||||||
29 Jun 2012, 02:40 (Ref:3099697) | #26 | |
Veteran
Join Date: Jun 2009
Posts: 8,088
|
Grikowski jail term ;8.5 years; for accepting bribes looks like it has massive implications for BCE:
http://www.grandprix.com/ns/ns24247.html Last edited by wnut; 29 Jun 2012 at 03:08. |
|
|
29 Jun 2012, 13:39 (Ref:3099849) | #27 | ||
Veteran
Join Date: Jul 2002
Posts: 5,073
|
Interesting link, wnut. I have wondered about BE's claim to victimhood here since this first came out. He has been a canny operator for years, then all of sudden finds himself compelled to pay a bribe when he has seemed to never ever pay more for something than it is worth.
Only time will tell. suspicions are one thing, proof can be very difficult to surface. |
||
__________________
"He's still a young guy and I always think, slightly morbidly, the last thing you learn is how to die and at the end of the day everybody learns every single day." - The Ever-Cheerfull Ron Dennis on Lewis Hamilton. |
29 Jun 2012, 13:52 (Ref:3099856) | #28 | ||
Veteran
Join Date: Apr 2009
Posts: 4,320
|
Hopefully this will sink that greedy flotation plan and encourage Eccelstone's retirement to the sunny climes of Bahrain. With a big dose of luck this could boomerang in the sports favour.
|
||
__________________
If I had asked my customer what they wanted, they would've said a faster horse. -Henry Ford |
29 Jun 2012, 13:56 (Ref:3099860) | #29 | ||
Veteran
Join Date: Jul 2002
Posts: 5,073
|
The problem with that wish, Paradise, is that it is almost certain that the various agreements surrounding the various holdings are complex and difficult to unravel. I really doubt that BE will head quietly off to Bahrain to retire. I think that if anything does come of this the impact on the sport would be very negative. It is not like there is another entity that can step in and fill the void and it is also likely that anyone who tries to may find themselves needing a LOT of dosh to get the rights to do so.
|
||
__________________
"He's still a young guy and I always think, slightly morbidly, the last thing you learn is how to die and at the end of the day everybody learns every single day." - The Ever-Cheerfull Ron Dennis on Lewis Hamilton. |
29 Jun 2012, 14:06 (Ref:3099867) | #30 | |||
Veteran
Join Date: Apr 2009
Posts: 4,320
|
Quote:
|
|||
__________________
If I had asked my customer what they wanted, they would've said a faster horse. -Henry Ford |
29 Jun 2012, 16:54 (Ref:3099913) | #31 | |
Retired
20KPINAL
Join Date: Aug 2004
Posts: 22,897
|
Ecclestone knows too much stuff about too many influential people, to end up doing time for something that seems very difficult to prove in the first place.
There would be more chance of hell freezing over (should such a place actually exist). |
|
|
30 Jun 2012, 01:44 (Ref:3100076) | #32 | |
Veteran
Join Date: May 2007
Posts: 3,215
|
If, and a big if, as I reckon he could drag it out until he fell off his perch, but if he was finally convicted or even getting close I reckon that his health would suddenly deteriorate and dementia and Alzheimers would set in to avoid any custodial sentence. That would be funny, BE in a wheel chair pretending to be a dribbling wreck, I would pay money to see that.
|
|
|
22 Jul 2012, 10:02 (Ref:3109678) | #33 | ||
Veteran
Join Date: Feb 2012
Posts: 867
|
Lots in the press today. BCE decides he won't be at the German GP .
Watch out for someone in the paddock in a red-and-white striped jumper, black bobble-hat and thick black glasses. Where's the wally? |
||
|
22 Jul 2012, 11:55 (Ref:3109722) | #34 | |
Veteran
Join Date: May 2007
Posts: 3,215
|
One would have to assume that Bernie has matters still to be settled to the satisfaction of the German authorities and BE is not sure of the outcome.
|
|
|
22 Jul 2012, 19:48 (Ref:3109936) | #35 | ||
Race Official
20KPINAL
Join Date: Jul 2008
Posts: 23,756
|
He was conspicuous by his absence.
|
||
__________________
"If you're not winning you're not trying." Colin Chapman. |
22 Jul 2012, 19:52 (Ref:3109938) | #36 | ||
Veteran
Join Date: Nov 2006
Posts: 9,441
|
"Teflon Bernie" will somehow get out of this and win costs !
|
||
__________________
Balls of steel (knob of butter) They're Asking For Larkins. ( Proper beer) not you're Eurofizz crap. Hace más calor en España. Me han conocido a hablar un montón cojones! Send any cheques and cash to PO box 1 Lagos Nigeria Africa ! |
22 Jul 2012, 21:10 (Ref:3109977) | #37 | |
Veteran
Join Date: Feb 2008
Posts: 861
|
According to some of the newspapers he has been rather preoccupied with other matters relating to his family.
|
|
|
22 Jul 2012, 22:11 (Ref:3110014) | #38 | ||
Veteran
Join Date: Apr 2009
Posts: 4,320
|
All he needs to do is retreat to Bahrain, run his empire from there and just visit the non-European races.
|
||
__________________
If I had asked my customer what they wanted, they would've said a faster horse. -Henry Ford |
23 Jul 2012, 00:20 (Ref:3110081) | #39 | ||
Race Official
20KPINAL
Join Date: Jul 2008
Posts: 23,756
|
|||
__________________
"If you're not winning you're not trying." Colin Chapman. |
6 Nov 2012, 13:11 (Ref:3163345) | #40 | ||
Veteran
Join Date: Jul 2003
Posts: 539
|
The Wall Street Journal has a pretty big story today about the bribery accusations against Bernie. Because the WSJ is a subscription Web site, it's hard to access the article directly, but if you search the words formula 1 scary turn (no quotes needed) in Google, you can get free access to the story. Here are a few highlights.
wsj.com Formula 1 Hits a Scary Turn German Prosecutors Near Decision on Bribery Charges Against Circuit's 'Supremo' By DAVID CRAWFORD in Berlin and LAURA STEVENS in Frankfurt ...Asked whether the investigation of Mr. Ecclestone would prompt the auto maker to reconsider its Formula One involvement, Daimler CEO Dieter Zetsche told reporters this summer that the company requires its partners to abide by the auto maker's compliance policies. Daimler requires "steps to be taken if that's not the case," he said. "That applies to Formula One, too." The company is awaiting clarification and an "evaluation" by authorities in the Ecclestone investigation, a Daimler spokeswoman said. ...Prosecutors have said in court that they believe Mr. Ecclestone bribed Mr. Gribkowsky. ...Mr. Ecclestone's relationship with Mr. Gribkowsky dates to 2002, when German media mogul Leo Kirch, who owned a 75% stake in Formula One, filed for bankruptcy. Several banks ended up with large stakes in the company, which Mr. Ecclestone saw as a nuisance. ...the banks challenged Mr. Ecclestone for more power over Formula One in court and won. "Board meetings in 2004 and 2005 frequently disintegrated into shouting matches in which little got done," one person close to the matter said. In late 2005 a London businessman introduced Mr. Ecclestone to Donald Mackenzie, a partner at private-equity firm CVC Capital Partners Ltd. Over lunch in London, Mr. Ecclestone vented his frustrations with the setup, describing it as "a mad house," one of the people familiar with the situation said. ...Prosecutors have alleged in court that Mr. Ecclestone approached Mr. Gribkowsky and bribed him to push through a deal with CVC Partners quickly, offering Mr. Gribkowsky $50 million in exchange for ignoring other potential options for Formula One. Mr. Ecclestone ultimately paid $44 million. ...As talks to close the sale proceeded, Mr. Ecclestone negotiated a consulting agreement with BayernLB to be paid $40 million in connection with the sale to CVC. The contract was arranged by Mr. Gribkowsky. Prosecutors are investigating whether the payment was intended to provide Mr. Ecclestone with the money he needed to pay Mr. Gribkowsky. ...BayernLB in 2006 sold its stake to CVC for $839 million. The bank said recently that the price should have been higher but that Mr. Gribkowsky accepted less for the bank because of the payment he received personally from Mr. Ecclestone. |
||
__________________
Vive les F1 Babes de Montreal! |
6 Nov 2012, 13:47 (Ref:3163363) | #41 | ||
Veteran
Join Date: Dec 2002
Posts: 3,364
|
I like the reference in the article to him as a "fisherman's son".
Jim |
||
__________________
Life is not safe, just choose where you want to take the risks. |
31 Dec 2012, 01:44 (Ref:3183166) | #42 | |
Veteran
Join Date: Jun 2009
Posts: 8,088
|
Bernie admits that his time at the head of F1 will end if the German's pursue him on bribe charge.
http://www.crash.net/f1/news/187066/..._f1_reign.html |
|
|
5 Jan 2013, 14:52 (Ref:3185083) | #43 | |||
Race Official
20KPINAL
Join Date: Jul 2008
Posts: 23,756
|
Quote:
|
|||
__________________
"If you're not winning you're not trying." Colin Chapman. |
5 Jan 2013, 15:23 (Ref:3185096) | #44 | |
Veteran
Join Date: Mar 2005
Posts: 12,093
|
It does feel like Bernie has been warned by either CVC or German authorities or both and is prepping everyone for the possible outcome. Plus he has to retire at some time, and maybe he will use this as his excuse to head of to retirement, probably only popping up at Monaco to remind us how much he made of F1.
|
|
|
5 Jan 2013, 15:36 (Ref:3185102) | #45 | ||
Veteran
Join Date: Dec 2001
Posts: 13,211
|
Bernie has said that he isn't guilty, so it must be true
|
||
__________________
That's so frickin uncool man! |
6 Jan 2013, 20:41 (Ref:3185662) | #46 | |
Veteran
Join Date: Mar 2005
Posts: 12,093
|
Or at least he has realized enough people might hate him enough to pressure the authorities to pursue him and the appearance of guilt might be too much for CVC to be willing to tolerate.
|
|
|
10 Feb 2013, 23:31 (Ref:3202613) | #47 | ||
Racer
Join Date: Mar 2009
Posts: 332
|
bump:
A few years later... F1 boss Ecclestone says he's not subject to U.S. laws in bribery case Read more: http://www.autoweek.com/article/2013...#ixzz2KXfHBlmS An extract from the article states: "Ecclestone also claimed in the statement that he is not subject to U.S. law, on the basis that he has never resided in the U.S., owns no property here, leases no offices here, and employs nobody here except lawyers defending him in the lawsuit. He says he is a U.K. citizen living in London, and notes that he has visited the U.S. eight times since 2005, including trips to investigate the proposed Grand Prix in New Jersey, and a vacation with his family in Las Vegas. The affidavit also points out, “The various events underlying the allegations in the complaint did not take place in New York or the United States, but in Europe and the Middle East.” Read more: http://www.autoweek.com/article/2013...#ixzz2KXgc1t9L Hey Bernie, ever hear of Eric Holder? USA is in need of all the money it can get. It probably is not a good time for a visit to the US. Just saying. Last edited by ujoint; 10 Feb 2013 at 23:49. |
||
__________________
Fast is not fast enough. |
11 Feb 2013, 19:49 (Ref:3203040) | #48 | |
Racer
Join Date: Apr 2011
Posts: 385
|
Purely from the above post I cant see why US law should apply
|
|
|
12 Feb 2013, 15:29 (Ref:3203537) | #49 | ||
Veteran
Join Date: Mar 2005
Posts: 9,963
|
not a legal expert but why shouldnt it apply? im pretty sure i have the right to launch a Canadian lawsuit for example against a UK business even if its owners are not Canadian. again not an expert so maybe this is totally unrelated, but wasnt it a big story a while back that they trying to extradite some file sharing guy back to the US to face charges. or what about the wikileaks guy? not saying it would be easy but i think our governments have now for a long time been less inclined to protect its citizens from foreign prosecution. its a global world trying to regulate a global business.
probably would be easier to file suit in the UK (or the jurisdiction where the company is located) but maybe its about more than just money and the next time BE lands in the US there will be someone waiting to serve him. |
||
|
13 Feb 2013, 10:15 (Ref:3203998) | #50 | ||
Veteran
Join Date: Nov 2005
Posts: 1,027
|
Some facts are emerging at last.
http://www.pitpass.com/48382-CVC-was...more-to-buy-F1 The letter from CVC is fascinating in the context of the trial..... |
||
|
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
WoomeraGate - V8 Team's Illegal Test Probe | GTRMagic | Australasian Touring Cars. | 394 | 20 Aug 2024 13:52 |
Stewards probe Ambrose, Skaife clash....... | retro | Australasian Touring Cars. | 171 | 8 Jun 2005 05:46 |
Ford Probe / Cougar | MichaelC | Road Car Forum | 6 | 2 Feb 2004 10:24 |