Tuesday, August 05, 2014


I`m intrigued by the news that Formula One Chief Executive Bernie Ecclestone is to make a $100million (£60million) payment to a court in Munich to bring an end to his trial on bribery charges.

He went on trial back in April accused of bribing a former German banker as part of the sale of a major stake in the motorsport business eight years ago.

The court said that $99million would be paid to the German treasury and the other $1million to a German children`s hospice charity.  The money must be paid by Ecclestone within a week, after which time the trial will be officially abandoned.

Now, having originally been charged with bribery, I`m struggling to understand the difference between that and the payments now to be made to the German treasury and the children`s hospice.   Maybe it`s just me - again?  Help !!

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