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Phelps is let off jail term

SWIMMING: Olympic gold medal swimmer Michael Phelps has pleaded guilty to drunken driving almost three months after he was arrested.

Phelps entered his plea to a charge of driving under the influence iyesterday morning. He was sentenced to a year in prison, but the prison sentence is suspended. He's on probation for a year and a half.

The 18-time gold medalist was arrested on September 30. Documents show that the 29-year-old Phelps was leaving the Horseshoe Casino in downtown Baltimore when he was pulled over for speeding and crossing the double yellow line while driving in a tunnel. Police say Phelps registered a .14 percent on a blood-alcohol test. The legal limit to drive is .08 percent in Maryland.

A week after his arrest, USA Swimming suspended Phelps for six months.

Phelps entered a six-week treatment program in October. This is his second DUI conviction. Phelps pleaded guilty to drunken driving in 2004 in another Maryland county.

Ecclestone sued for cool €345m

F1: German state bank BayernLB is suing Bernie Ecclestone and his family holding Bambino for around €345m in relation to the sale of its stake in Formula One.

The bank rejected a €25 settlement offer from Ecclestone in August, after a Munich court dropped a bribery case against the 83-year-old Englishman.

BayernLB claims the purchase contract was terminated in 2005 under conditions "that were set by Mr. Ecclestone and were detrimental to the bank."

The charges in the now-closed bribery trial centered on a $44-million payment by Ecclestone to former BayernLB executive Gerhard Gribkowsky, who is serving an 8 1/2-year sentence for taking the money.

Vergne is next Ferrari test driver

F1: Jean-Eric Vergne has been named as Ferrari's new test driver.

The 24-year-old Frenchman had driven in Formula One with Toro Rosso for the past three seasons but was not given a drive for next year.

Vergne said: "I feel very honoured to be joining the Ferrari family."