F1′s Ecclestone says he will fight BayernLB damages claim 12 December, 2013 Bernie Ecclestone Formula 1 boss Bernie Ecclestone said he would fight a $400 million damages claim that German bank BayernLB is planning to file in London over the sale of the motor racing business in 2005.
The fresh threat of legal action is the latest fallout from the deal eight years ago, in which private equity fund CVC acquired control of Formula One from a group of banks including BayernLB.
German company Constantin Medien is already seeking more than $100 million from the 83-year-old Ecclestone in a separate case which is close to concluding in the High Court in London.
Ecclestone is accused of...
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