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...
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