Wednesday Cover: Bernie Ecclestone proves money can buy happiness

A German court on Tuesday dropped the bribery case against Bernie Ecclestone after the Formula One chief executive agreed to make a $100 million payment, ending a trial that lasted more than three months.

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A German court on Tuesday dropped the bribery case against Bernie Ecclestone after the Formula One chief executive agreed to make a $100 million payment, ending a trial that lasted more than three months.

The Munich state court announced its decision to drop proceedings against the 83-year-old Ecclestone hours after prosecutors agreed to the move. Ecclestone is now free to concentrate on running the global racing series.

“There was no conclusion on guilt or innocence of the defendant,” court spokeswoman Andrea Titz said. “He is leaving this courtroom a free man.”

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