F1 » Ecclestone: £10m payment 'better business deal'


Bernie Ecclestone has admitted that he should not have paid disgraced banker Gerhard Gribkowsky anything, as the German's bribery trial continues.

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DJ - Unregistered

June 22, 2012 8:37 AM

Why pay a bribe when he was legally obliged to sell to the highest bidder? And CVC were the highest bidder by quite a way. Makes more sense that he was blackmailing Bernie for still controlling the families Bambino Trust! Probably Less time in jail for accepting a bribe than to admit to being a blackmailer. And Bernie surley wouldnt want HMRC looking into his affairs..

Teutone

June 22, 2012 8:56 AM

I never understand why rich people make such a fuss about paying tax. I would be VERY happy to pay 10-20m in taxes. Imagine how much you made to build up such a tax bill!!!
An old man like Bernie how has BILLION of fortune. Why do you want more and more? Even if you are young enough you can't spend all of it.

mrfill

June 22, 2012 1:08 PM

The 2 thousand million pounds that it could 'cost' Bernie is tax that he has avoided/evaded (decision on that is up to HMRC).
That is 200 years salary for the current world champion.

Someone has to make up this shortfall.. step forward UK taxpayers. 66 quid per taxpayer on HMRC figures. Thanks a lot.

With all the fuss about Jimmy Carr legally avoiding a few hundred thousand tax, perhaps the press should hound bigger fish.

Honest John - Unregistered

June 22, 2012 2:10 PM

Hardly an indication of integrity being the donor of a
bribe because his income tax position was shady and exposed him to blackmail.Please go Bernie you have tarnished this great sport.

Equator - Unregistered

June 23, 2012 3:22 AM

Fact: Bernie gave and Gerhard accepted. Gerhard and Bernie both will, did and would say anything to save their proverbial a553s. CVC bid may have been the highest but there were other considerations in the other bids as well as the CVC, things which in the run of things were cash equivalent. The highest bid was a front. Neither of these two men would be stupid enough to give/take a bribe and leave the front end of the deal exposed as a "lower," bid....most people see this or people who would question all the evidence. Avoiding the tax man is very week...

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Bettie

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