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Bernie Ecclestone steps down from board of F1, will face bribery trial in Germany

Bernie Ecclestone has officially stepped down from his position on the board of directors of the Formula One empire, following an announcement that he faces a trial in a German court for bribery. According to a report from Autoweek, Ecclestone will retain his day-to-day responsibilities within F1.

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F1's Ecclestone allegedly paid team owners $10M bribes to pass Concord Agreement

It's come out that Bernie Ecclestone, the chief executive of Formula One, paid three team principals - Eddie Jordan, Alain Prost and the late Tom Walkinshaw - $10 million each to sign the Brandon Turkus

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Ecclestone may face 10-year sentence over F1 bribery charges

Formula One CEO Bernie Ecclestone should expect Germany to file charges against the executive over his alleged bribery of former banker Gerhard Gribkowsky. That's according to Autoweek, which notes Gribkowsky oversaw the sale of BayernLB's stake in the racing series back in 2006 to CVC Capital Partners, which no

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Bernie Ecclestone facing legal scuffle after ex-banker admits accepting bribes

The BBC reports a former banker has testified to receiving $44 million in bribes from Formula One CEO Bernie Ecclestone. Gerhard Gribkowsky, the former deputy chief of regional bank Bayern Landesbank, testified in exchanged for a reduced sentence in the case against him. Gribkowsky faced up to 15 years in prison on charg

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Bribery scandal leaves F1's commercial future in jeopardy

Bernie Ecclestone has controlled the commercial rights to Formula One for so long it seems like he always has and always will. But that's not exactly the full story. While Ecclestone was the first to negotiate for control over the sport's commercial aspects – namely its television broadcasting rights – there was a time when he had to relinquish control. And that time may come again soo

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F1's Ecclestone to face $50M bribery charges?

Formula One boss Bernie Ecclestone may find himself in legal trouble in Germany over allegations that he bribed a bank official $50 million. According to Yahoo Sports' European arm, prosecutors are currently gathering evidence against the F1 honcho.

ESPN: Bernie Ecclestone lashes out at the newbies, calls for cutting the grid back to 10

There are ways to make friends, and ways to make enemies. Telling several members of your party they're unwelcome is a sure way to the latter, but then, Bernie Ecclestone has never shied away from controversy. In his latest statement, the Formula One chief has indicated that the field should be cut down from its current grid of 13 teams to just 10.