News Details

Ecclestone future hangs on trial verdict

Formula One boss Bernie Ecclestone has revealed that a £240m ($400m) lawsuit against him will get the red light if he wins a High Court trial which finished last month writes Christian Sylt in the Independent.German media rights firm Constantin Medien claimed in court that Ecclestone and his Bambino family trust paid a £26.7m ($44m) bribe to undervalue a 47.2% stake in F1 when it was sold by German bank BayernLB to private equity firm CVC in 2006. The money was paid to BayernLB banker Gerhard Gribkowsky and Constantin says that in return he steered the sale of F1 to CVC as it had agreed to retain Ecclestone as the boss of the sport.CVC bought the stake for £494.8m ($814m)...
Full Story »
1y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Ecclestone slams New Jersey organisers

– F1 boss Bernie Ecclestone has hit out at the organisers of the...
1y ago from GPUpdate.net

Ecclestone slams teams for double points criticism

At the end of last year the FIA dropped the bombshell that double points...
1y ago from Pitpass.com

Williams and McLaren accused Ecclestone of controlling...

In 2011 I wrote a news story for the Daily Telegraph sports section which...
1y ago from Pitpass.com

Exclusive: Permanent New Jersey F1 track has been...

Formula One boss Bernie Ecclestone has revealed that he considered holding...
1y ago from Pitpass.com

Elsewhere On The Network

Popular On MotoGPToday.com

2.2 million lease price among 2017 announcements

The Assen weekend saw the bosses of Dorna, IRTA and the FIM officially...
2h ago from Crash.net

#RossiVsMarquez: Watch it from every angle

Go On Board with Marquez, Rossi & the circuit helicopter for the ultimate...
16h ago from MotoGP.com

Rossi denies that he cheated

Movistar Yamaha rider Valentino Rossi has insisted that he did not use...
1d ago from SuperSport.com

Aoyama back in place of Abraham?

Honda test rider and former MotoGP racer Hiroshi Aoyama looks set to make...
3h ago from Crash.net

Popular On IndyCarToday.com

IndyCar Power fined $25k; Vautier $10K, Rahal $5k...

The Verizon IndyCar Series has informed its teams of the penalties...
1d ago from Racer.com

Power penalised for Fontana incident

– Will Power has been fined $25,000 and placed on probation for the...
21h ago from GPUpdate.net

2016 IndyCar season to be longer, Road America may...

IndyCar is expecting a stronger schedule for next season, which will last...
1d ago from Motorsport.com

IndyCar: 'Insane' race spurs critics, supporters

Several leading IndyCar drivers including Juan Pablo Montoya, Will Power...
4d ago from Racer.com

Popular On TotalWRC.com

Ogier wins Rally of Poland opening

Two-time world champion Sebastien Ogier began the defence of his Rally...
9h ago from SuperSport.com

Ogier spoils Kubica's joy

Championship leader edges out Polish star
10h ago from WRC.com

Codemasters are unstoppable; they just partnered Dirt...

We've all been there, saying our wishes out loud, knowing very well that,...
10h ago from WorldRallyBlog.c...

Ogier wins short opener in Poland

Report to follow... 2015 Rally Poland: Overall standings after Stage 1...
10h ago from Crash.net

Popular On GunnersToday.com

Tottenham could try swap deal to sign midfielder ahead...

Spurs weigh up bid for Arsenal target. Tottenham transfers: Spurs to...
47m ago from CaughtOffside.com

Arsenal To Send Ainsley Maitland-Niles On Season-Long...

BBC Sport has reported that Ipswich Town have completed the signing of...
5h ago from Nastytackle.com

AC Milan Beat Arsenal To Sign Sevilla Striker Carlos...

It has been reported that AC Milan have announced a deal for Sevilla...
4h ago from Nastytackle.com

Arsenal new-boy Petr Cech fires warning to Chelsea,...

ON THE UP: Cech reckons Arsenal can win the lot this season [GETTY]...
6h ago from DailyStar.co.uk

Comments

comments powered by Disqus

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.