Defense lawyers for Formula One Magnate Bernie Ecclestone Tuesday offered to pay €25 million ($33.6 million) if a Munich court trying him for corruption drops the criminal case, one of the lawyers and a spokesman for the prosecutors said Tuesday.

The offer to pay €25 million to BayernLB is valid through Aug. 8 and was made in the hope of wrapping up the trial as soon as possible, said one of the defense lawyers, Norbert Scharf. He added that the offer wasn't meant to compensate any damage the bank has allegedly suffered and...