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21-Apr-2019 21:31 by 9 Comments

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In a highly unusual divorce settlement, rather than Mr Ecclestone paying Slavica Ecclestone a good chunk of his fortune, she appears to be paying him at the rate of $100m (£60m) a year.

The real course of events does not support the accusations.” The court will reconvene for the next hearing on 2 May to allow Mr Ecclestone to run F1 at the same time as defending the charges.

He is said to own a number of private jets, a chalet in Gstaad and a 190ft yacht - the Petara, which is an amalgamation of his daughters’ names.

But those were assets acquired before his divorce and which he has held onto.

Mr Ecclestone’s financial arrangements following his divorce will have been aided by the best tax advice and legal advice his money can buy.

One divorce expert said that the 0m a year payments to Mr Ecclestone were unusual but perhaps not surprising given the set up of his finances.

Mr Ecclestone is currently on trial in Munich, where he is accused of paying a £25m bribe to a German banker. Slavica, who at 55 is 28 years Mr Ecclestone’s junior, famously towered over the diminutive F1 boss, the couple standing out at high society parties and on the F1 circuit.

The indictment states; “Since his divorce from his wife, the accused [Mr Ecclestone] has received payments on the basis of the British decree nisi. The duration of the payments from the divorce decree is not known.” Mr Ecclestone, 83, was married to Slavica, his second wife, for 24 years until their divorce in 2009 on the grounds of his 'unreasonable behaviour’. At 6ft 2in tall, Slavica, a former model born in Croatia, is almost a full foot taller than her former partner.“Settlements like these are very complicated and therefore need to be very carefully structured.One would expect high net worth individuals like Bernie and Slavica Ecclestone to have received the best legal and tax advice in several countries to ensure their divorce settlement is arranged in the most tax efficient way possible.” It is understood Mr Ecclestone’s assets were transferred into his wife’s name in the late 1990s at a time when he was suffering from heart problems - he had a triple bypass in 1999 - and if he had died his inheritance for his children would have been subjected to British death duties.The prosecution indictment claims that “this close family bond resulted in a strong actual connection between Bambino and the accused.” However, Mr Ecclestone denies that he controlled Bambino and says he paid Mr Gribkowsky because his unfounded allegations could have triggered a lengthy and costly investigation.Mr Ecclestone’s lawyer Sven Thomas released a statement last Thursday, insisting that the accusations against him “are incorrect, misleading and incoherent.He lives in an apartment - described as modest in some quarters - above his office overlooking Hyde park in central London and despite turning 84 this year, still works five days a week from nine to six.