{"id":22746,"date":"2014-08-02T07:54:39","date_gmt":"2014-08-02T11:54:39","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=22746"},"modified":"2014-08-02T07:54:39","modified_gmt":"2014-08-02T11:54:39","slug":"ecclestone-to-keep-f1-job-after-100m-court-deal-report","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/ecclestone-to-keep-f1-job-after-100m-court-deal-report\/","title":{"rendered":"Ecclestone to keep F1 job after $100m court deal – report"},"content":{"rendered":"

Bernie Ecclestone looks set to avoid jail and retain control of formula one.<\/p>\n

\"Bernie-Ecclestone-3\"Germany’s Suddeutsche Zeitung is reporting on Saturday that the F1 chief executive has negotiated a US $100 million settlement with prosecutors in his high-profile corruption case in Germany.<\/p>\n

The newspaper did not name its sources but said the settlement, negotiated in Munich on Saturday, will terminate the trial altogether and see all charges dropped.<\/p>\n

Earlier in the week, there was talk of a EUR 25 million compensation payment to the Munich state bank BayernLB.<\/p>\n

It is believed that, on Friday, the court told witnesses due to testify not to attend until further notice.<\/p>\n

Official confirmation is possible within the first half of next week, and probably on the scheduled resumption of the trial on Tuesday.<\/p>\n

“There have been additional talks involving state prosecutors, defence lawyers and the court, and it’s possible that a settlement to end the case could be reached next week,” a court spokesman said.<\/p>\n

Suddeutsche Zeitung said prosecutors had initially demanded a settlement amount of EUR 100 million, but Ecclestone and his lawyers had negotiated the currency down to US dollars.<\/p>\n

The report said that if the settlement is agreed by all sides, it would be the biggest in German history.<\/p>\n

“The deal would mean that the Briton will not be convicted and therefore most likely remain formula one boss,” correspondent Klaus Ott said.<\/p>\n

\u00a9 RIF | GMM<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bernie Ecclestone looks set to avoid jail and retain control of formula one. Germany’s Suddeutsche Zeitung is reporting on Saturday that the F1 chief executive has negotiated a US $100 million settlement with prosecutors in his high-profile corruption case in Germany. The newspaper did not name its sources but said the settlement, negotiated in Munich …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[3332,59,5262,5340],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/22746"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=22746"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/22746\/revisions"}],"predecessor-version":[{"id":22747,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/22746\/revisions\/22747"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=22746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=22746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=22746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}