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Ecclestone has to pay £60m bribery trial settlement

Formula One boss Bernie Ecclestone has to pay $100 million (£60m) as a settlement payment in his bribery trial, a Munich district court said.

A spokesman for the court said the suspicion against the 83-year-old was largely not substantiated.


Ecclestone lawyer: Paying £60m in a week 'do-able'

Bernie Ecclestone's defence lawyer has said it is "do-able" for the Formula 1 tycoon to pay out £60m within a week.

A district court in Munich said Mr Ecclestone, 83, had offered to pay the cash to end a trial for bribery.

The state prosecutor told the court that Mr Ecclestone's age and other circumstances meant they would support the offered settlement.

Bernie Ecclestone arrives at the district court in Munich. Credit: Sven Hoppe/DPA/Press Association Images

The billionaire could face up to 10 years in jail and have to give up control of his business if he is found guilty.

A spokeswoman for the Munich court pointed out that under German law settling the case with a payout did not amount to an admission of guilt.

"With this type of ending a procedure there is no ruling on guilt or innocence of the defendant," she said.

"He is neither acquitted nor judged, rather this is a special type of ending a procedure which is in theory available to all types of cases."

F1 boss Ecclestone offers £60m payment to end trial

Formula One boss Bernie Ecclestone has offered to make a $100 million (£60m) payment in order to end a trial on bribery charges, a court in Germany heard.

Formula One boss Bernie Ecclestone. Credit: BREUEL-BILD/LSP-BorisKorpak/DPA

State prosecutors in Munich said they would agree to accept the offer, according to Reuters.

The 83-year-old went on trial in April over allegations he bribed a former German banker as part of the sale of a major stake in the motorsport business eight years ago.

Ecclestone's age and other circumstances supported the acceptance of a settlement, the state prosecutor said.

The British billionaire could have faced up to 10 years in jail and would have had to cede control of a business he has built up over the past four decades.

Iconic image shows Hitler in crowd as WW1 announced

This archive image shows Adolf Hitler in the crowd hearing the announcement of the First World War on August 2, 1914.

After Nazi Germany became a reality, Hitler mentioned that he had been outside Field Marshals' Hall in Munich when the declaration of war was revealed.

Adolf Hitler in the crowd outside Field Marshals' Hall in Munich as the First World War is announced. Credit: DPA DENA/DPA/Press Association Images

A German photographer then went through his old pictures of the event and found the image.

Hitler was 25 years old when the First World War broke out. He enlisted in the Bavarian army and rose to the rank of lance corporal, but no further.


Juncker appointment a 'good sign for Europe's actions'

German Chancellor Angela Merkel pictured with the new European Commission president Jean-Claude Juncker Credit: Maurizio Gambarini/DPA/Press Association Images

The appointment of Jean-Claude Juncker as European Commission president is a "very good sign" for Europe's ability to act, German Chancellor Angela Merkel said, after a meeting with leaders of south east European countries in Croatia.

Ms Merkel added: "I would like to congratulate Jean-Claude Juncker on his election as EU president with a clear result in the first round of voting [...] It will inspire us to resume the work with the European commission."

Watch: Juncker: I will negotiate a fair deal with Britain

Germany's World Cup stars dance on stage in Berlin

A clutch of Germany's World Cup stars - including Arsenal's Lukas Podolski, Per Mertesacker and Mezut Ozil - danced on stage to the cheers of thousands of fans in Berlin this afternoon.

The celebrations marked Germany's fourth World Cup victory - the first since the re-unification of Germany in the early 1990s.

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