Bernie Ecclestone
Posted: Tue Aug 05, 2014 5:47 am
Bernie Ecclestone is expected to be cleared of bribery charges in Germany after paying an out-of-court settlement of a staggering £60m or $100m, which is believed to be the largest in the country’s history.
The £60m will be handed to the state of Bavaria and Ecclestone’s lawyer Sven Thomas revealed to The Independent that he will ask the court on Tuesday to use the money to build a new Formula One track in the region.
“It seems that we will be successful in the settlement, Thomas said on Monday. “The amount is not confidential. They are talking about $100m.
A press release about the settlement will be issued on Tuesday and Thomas added that “the $100m is for the state of Bavaria. Maybe they will try and build a circuit. I will propose this – that they should build a nice circuit.
Thomas added that “it is a settlement without any conviction, the presumption of innocence is still valid. That was a condition under which I negotiated.
How can anyone pay £60 million pound to prove their innocence?
The £60m will be handed to the state of Bavaria and Ecclestone’s lawyer Sven Thomas revealed to The Independent that he will ask the court on Tuesday to use the money to build a new Formula One track in the region.
“It seems that we will be successful in the settlement, Thomas said on Monday. “The amount is not confidential. They are talking about $100m.
A press release about the settlement will be issued on Tuesday and Thomas added that “the $100m is for the state of Bavaria. Maybe they will try and build a circuit. I will propose this – that they should build a nice circuit.
Thomas added that “it is a settlement without any conviction, the presumption of innocence is still valid. That was a condition under which I negotiated.
How can anyone pay £60 million pound to prove their innocence?