Bernie Ecclestone 'could pay to settle bribery case'

Bernie Ecclestone could strike to a deal to have bribery charges against him dropped, according to reports.

Formula 1 ringmaster Bernie Ecclestone may pay to settle bribery charges against him in a German court and avoid the possibility of a lengthy prison sentence, according to a report.

The Mail on Sunday quotes Ecclestone's lawyer Sven Thomas as saying that once the trial is underway, a deal might be done, but that a settlement is unlikely before proceedings begin.

It is thought that a deal may cost the entrepreneur up to £240m, roughly the sum of money claimed to be lost by the BayernLB bank in business dealings with the F1 supremo, and needs the agreement of both the public prosecutors and the court to be ratified.

Last week, Ecclestone announced he would be stepping down as director of Formula 1's holding company.

F1 supremo Bernie Ecclestone at Monza, Italy on September 8, 2013
Read Next:
Ecclestone: 'Double points could be scrapped'
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account