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F1 boss Ecclestone offers court deal F1 boss Ecclestone offers court deal
(35 minutes later)
German prosecutors say they would accept an offer of $100m (£60m) from Formula 1 chief Bernie Ecclestone to end his trial on bribery charges.German prosecutors say they would accept an offer of $100m (£60m) from Formula 1 chief Bernie Ecclestone to end his trial on bribery charges.
A Munich court is expected to rule on the offer later on Tuesday. The Munich state court is expected to agree to the offer later on Tuesday.
The 83-year-old billionaire went on trial in April, charged with bribery and incitement to breach of trust.The 83-year-old billionaire went on trial in April, charged with bribery and incitement to breach of trust.
He is accused of paying a German banker 33m euros (£26m; $44m) to ensure that a company he favoured could buy a stake in F1. He denies wrongdoing.He is accused of paying a German banker 33m euros (£26m; $44m) to ensure that a company he favoured could buy a stake in F1. He denies wrongdoing.
Mr Ecclestone will be in court for the decision. If found guilty he could have faced a 10-year jail term and the end of his decades-long dominance of motor racing.
A BayernLB banker, Gerhard Gribkowsky, was allegedly paid by Mr Ecclestone to ensure the F1 stake was bought by a company that he favoured, so that he would remain in charge of the sport.
Gribkowsky was sentenced to eight and a half years in prison in 2012 for accepting bribes.
Mr Ecclestone says the payment was given to Gribkowsky after the banker threatened to make false claims about the F1 boss's tax status.