News Details

UK court to rule on Ecclestone case in 2014

UK court to rule on Ecclestone case in 2014 14 December, 2013 Bernie Ecclestone A British judge will rule next year on a $100 million damages claim brought against Formula One boss Bernie Ecclestone over his involvement in the 2005 sale of a stake in the motor racing business. German company Constantin Medien alleges that Ecclestone, 83, was part of a 'corrupt bargain' with a German banker to undervalue Formula One and favour the sale of a controlling stake to private equity fund CVC – which had agreed to keep Ecclestone on as chief executive of the business. Constantin stood to gain a share of the proceeds had the stake been sold for more than $1 billion. The seven-week trial ended...
Full Story »
4mo ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Formula 1′s 2020 deal with teams not enough

While Formula 1 heads into the Winter Season, concerns over its longevity...
4mo ago from Formula1Blog.com

UK court to rule in 2014 on Ecclestone case

A British judge will rule next year on a $100 million damages claim...
4mo ago from SuperSport.com

MP urges fraud investigation over Ecclestone finances

A labour MP has called for the Serious Fraud Office (SFO) and Her...
4mo ago from TheF1Times.com

F1′s Ecclestone says he will fight BayernLB...

F1′s Ecclestone says he will fight BayernLB damages claim 12...
4mo ago from GrandPrix247.com

Comments

comments powered by Disqus

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.