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Someone's going to have a big bill to pay
We are some way off getting a verdict on the High Court trial which is currently consuming Formula One boss Bernie Ecclestone's time. It is due to come to a close in early December but we already know how much money is at stake as Ecclestone has revealed that his legal costs have accelerated to more than £15.7m ($25m).The case surrounds the sale of a major stake in F1 which was allegedly undervalued when it was sold by German bank BayernLB to private equity firm CVC in 2006. German media firm Constantin Medien had an agreement to receive 10% if the stake was sold for more than £690m ($1.1bn) but it didn't get anything since CVC paid £510m ($814m). Constantin claims that...
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10y ago from Pitpass.com
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