Interesting Facts you didn’t know about F1 Bernie Ecclestone
He’ll charge people a lot of money to include them, and throw money at problems to make sure he gets his way. Ecclestone was involved in a pretty intense bribery suit. Basically, it is alleged that Ecclestone paid a German banker $44 million to steer the sale of F1 to CVC, the current owners.
Ecclestone and the banker, Gerhard Gribowsky, reportedly undervalued F1 when it was sold to CVC. CVC was the preferred buyer because it would keep Ecclestone on as the CEO. Gribowsky was jailed for corruption and other charges.
The trial is over because Ecclestone ponied up $100 million to the court.