Bernie Ecclestone remains at legal loggerheads with the Munich state bank BayernLB.<\/p>\n
When the sport’s supremo controversially yet successfully settled with German prosecutors for $100 million, he had at the time also made an offer of $25 million to the aggrieved bank and former F1 shareholder BayernLB.<\/p>\n
The offer was turned down because it was not high enough.<\/p>\n
But “If the overall package is right, we wouldn’t be closed to it,” BayernLB chief executive Johannes-Joerg Riegler said last week.<\/p>\n
Earlier, BayernLB had been seeking $400 million, but F1 business journalist Christian Sylt said a spokesman confirmed the bank wants an amount similar to the $100m criminal suit settlement.<\/p>\n
“Perhaps the $25m doesn’t match with this settlement structure and perhaps somebody has to think about it because the state prosecutors in Germany got $100m,” said the bank spokesman.<\/p>\n
Ecclestone’s lawyer says no.<\/p>\n
“We are not prepared to make a new offer,” Sven Thomas, describing the original proposal as “sensible”, told Sylt and the Telegraph newspaper.<\/p>\n
“BayernLB have rejected the offer, as expected.\u00a0 At the moment we don’t do anything.\u00a0 We wait to see what they are going to do.<\/p>\n
“If they try to sue, they shall have no chance at all.\u00a0 I don’t think they will try to sue,” Ecclestone’s lawyer added.<\/p>\n
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