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Ecclestone rejects German firm's allegation of corrupt Formula 1 sale
Ecclestone rejects German firm's allegation of corrupt Formula 1 sale 30 October, 2013 Bernie Ecclestone speaks to journalists A firm's claim for more than $100 million in damages from Bernie Ecclestone is far-fetched and relies on confessions from a jailed banker who is a fantasist, a lawyer for the Formula 1 boss argued on Wednesday.
German media firm Constantin Medien alleges that Ecclestone and three other defendants deliberately undervalued Formula One when German bank BayernLB sold its 47 percent stake in the sport to CVC Capital Partners for $830 million in 2005.
Constantin had an interest in the sale and says it lost out as a result of the undervaluation, which it says was a...
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