Ecclestone, the trial and money
Discussion
Before Ecclestone's latest trial, the criminal one, he was reported to have offered £20m to the prosecutors to negate prosecution. This would not be a legal admission of guilt.
Now, it is reported in The Times that the trial is adjourned to reconsider the offer, despite the trial adducing much evidence against him.
This would mean that he would be allowed to continue as front man for CVC. Nice to know there is a law for us and no law for them, it would appear.
The concern Ecclestone is expressing for the sport would seem to focus mainly on viewing figures, although the gaps in the stands at the last two GPs must have been a bit of a worry. On top of that there's there full stands at Silverstone and still a loss of £1m.
CVC must be really upset. This hardly bodes well for the floatation or a sell-off.
Now, it is reported in The Times that the trial is adjourned to reconsider the offer, despite the trial adducing much evidence against him.
This would mean that he would be allowed to continue as front man for CVC. Nice to know there is a law for us and no law for them, it would appear.
The concern Ecclestone is expressing for the sport would seem to focus mainly on viewing figures, although the gaps in the stands at the last two GPs must have been a bit of a worry. On top of that there's there full stands at Silverstone and still a loss of £1m.
CVC must be really upset. This hardly bodes well for the floatation or a sell-off.
longshot said:
Perhaps I've got this wrong but are you saying that he is offering to buy himself out of the st and they are considering it?
Let's make this clear: I'm saying that this is what The Times is saying.£20m? If he is found guilty then from what I can understand, he'd probably lose a lot more, what with being sacked as that is what the boss of CVC reckons would happen if he's found guilty. The £20m in effect buys off the finding. So what's not to like?
Also, the revelations stop as well as there is no more evidence.
Derek Smith said:
longshot said:
Perhaps I've got this wrong but are you saying that he is offering to buy himself out of the st and they are considering it?
Let's make this clear: I'm saying that this is what The Times is saying.£20m? If he is found guilty then from what I can understand, he'd probably lose a lot more, what with being sacked as that is what the boss of CVC reckons would happen if he's found guilty. The £20m in effect buys off the finding. So what's not to like?
Also, the revelations stop as well as there is no more evidence.
tobinen said:
Worth a read too: http://joesaward.wordpress.com/2014/07/30/the-late...
The final paragraph reads as a criticism of everything Ecclestone:If other sports can make corporate management work, there is no reason why F1 cannot. It merely requires some owners who see the value in not always going for the fast buck, people who want profits but are willing to invest to build a stronger business. It needs competitors who are reasonable and fair and a management that is enlightened and open to new ideas.
Jasandjules said:
I find it tragic that it is even possible to "buy your way out" of a criminal prosecution.
This is what I find it hard to fathom.If you are accused of a crime, you should go to court.
If you are found guilty then you pay the penalty.
If I got caught speeding and offered the court money to lose my points I'd get properly fked.
Jasandjules said:
I find it tragic that it is even possible to "buy your way out" of a criminal prosecution.
A criminal prosecution for bribery, no less. Oh, the irony.More on the Beeb: http://www.bbc.com/news/world-europe-28547377
WTF - the cheating lying dwarf (allegedly) has bought his way out. What kind of 3rd word justice system are they running in Germany.
http://www.bbc.co.uk/news/world-europe-28656050
http://www.bbc.co.uk/news/world-europe-28656050
Edited by sparkyhx on Tuesday 5th August 15:54
sparkyhx said:
WTF - the cheating lying dwarf (allegedly) has bought his way out. What kind of 3rd word justice system are they running in Germany.
http://www.bbc.co.uk/news/world-europe-28656050
As dislikeable a person as he appears to be, personally I'm quite fond of Bernie and hearing about what cheating lying dwarf antics he's up to. http://www.bbc.co.uk/news/world-europe-28656050
Edited by sparkyhx on Tuesday 5th August 15:54
Esseesse said:
As dislikeable a person as he appears to be, personally I'm quite fond of Bernie and hearing about what cheating lying dwarf antics he's up to.
Sod him as a person. It's what he's done to F1 that makes him impossible to like.Not to mention that, now CVC are unable to sack him, what he will do in the future.
Derek Smith said:
Esseesse said:
As dislikeable a person as he appears to be, personally I'm quite fond of Bernie and hearing about what cheating lying dwarf antics he's up to.
Sod him as a person. It's what he's done to F1 that makes him impossible to like..
Seeing him on the news just now, one just can't avoid the word 'dementia' coming to mind.
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