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Ecclestone trial discontinued after £60m settlement

The bribery trial against Formula One boss Bernie Ecclestone will be discontinued for the moment, a Munich district court said.

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.

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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.

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