News Details

German bank to join legal pursuit of Ecclestone?

The German bank at the centre of claims that Bernie Ecclestone bribed one of its officials to deliberately undervalue the price of F1 shares is expected to launch its own legal case against the F1 supremo.BayernLB sold its 47 per cent shareholding to private equity giant CVC in 2005, but claims have since emerged that Ecclestone engineered a lower price for the stock in order to ensure that CVC – which had promised to retain him at the head of the sport – went through with the deal.The Briton is accused of having bribed Bayern's chief risk officer Gerhard Gribkowsky to ensure that the share price was undervalued, and therefore more attractive to CVC, but has always denied that that was...
Full Story »
10y ago from Crash.net 0
Share

You May Also Be Interested In...

Ecclestone's troubles mount as German state bank seek...

Ecclestone's troubles mount as German state bank seek 290 million in...
10y ago from GrandPrix247.com

Judge says Ecclestone bribe allegation lacks...

For the past six weeks Formula One has been gripped by action of a...
10y ago from Pitpass.com

BayernLB to file damages case against Bernie

BayernLB plans to bring a $400 million damages claim against Formula One...
10y ago from SuperSport.com

Di Resta: I recorded Hamilton because I was trying to...

Di Resta: I recorded Hamilton because I was trying to find out what was...
10y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Popular On GunnersToday.com

Green Gooners: Rice, Jesus and Jorginho take on top...

Declan Rice, Gabriel Jesus and Jorginho take part in a Top Bins Challenge...
21m ago from SkySports.com

Arsenal and Liverpool need to pay 60 million if they...

Real Sociedad midfielder Martin Zubimendi has been linked with a move away...
1h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.