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Ecclestone's troubles mount as German state bank seek 290 million in damages
Ecclestone's troubles mount as German state bank seek 290 million in damages 11 December, 2013 Bernie Ecclestone under pressure from several fronts Germany’s BayernLB bank is seeking damages from Formula 1 boss Bernie Ecclestone in connection with an F1 share sale to investor CVC. It claims Ecclestone bribed a senior bank manager to acquire the package cheaply.
BayernLB was preparing a lawsuit against Formula One (F1) boss Bernie Ecclestone for 290 million in damages, a spokesperson for the German state-owned lender told the DPA news agancy.
The lawsuit would be filed with the High Court in London presumably in January, she told the German news agency, and followed the sentencing of a...
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