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

Pol Espargaro to test arm at Mugello

With both Espargaro brothers undergoing surgery following Le Mans, this...
3h ago from Crash.net

Smith can’t wait for ‘awesome’ Mugello

Just one point separates Bradley Smith from top satellite rider Cal...
4h ago from Crash.net

Barbera confident of home Ducati form

Hector Barbera is counting on Ducati's home knowledge to reassert his...
5h ago from Crash.net

Who won the Moto3 race at Mugello last year?

All of the vital Moto3 information you need to know ahead of the Gran...
7h ago from MotoGP.com

Popular On IndyCarToday.com

Video: Indianapolis 500 highlights

No description available...
11h ago from GPUpdate.net

Indy 500: Even better second time around for Montoya

A lot has changed since Juan Pablo Montoya last stood in Victory Circle...
8h ago from Crash.net

Montoya Makes an Epic Comeback to Win his Second Indy...

Juan Pablo Montoya suffered damage to his right-rear wheel guard during...

Indy 500: Unlucky timing robs Wilson of winning chance

Andretti Autosport's Justin Wilson had been one of the strongest...
10h ago from Crash.net

Popular On TotalWRC.com

WATCH: Shocking rally crash

Brace yourself, and check out this horrific rally car crash...
6h ago from SkySports.com

WRC team "speechless" after three-hour...

Lorenzo Bertelli's FWRT team was left "speechless" by the...
6h ago from Motorsport.com

'We took the best result after the worst one' -...

Volkswagen boss Jost Capito says he is “incredibly proud” of his team...
10h ago from Crash.net

Tanak: New M-Sport Ford a dream to drive

Ott Tanak is optimistic heading into the second half of the 2015 World...
5h ago from Crash.net

Popular On GunnersToday.com

Arsenal: Season Player Ratings

And so the curtain closes on yet another PremierLeague season, with a top...
1h ago from FreshArsenal.com

Borussia Dortmund Urging Arsenal To Bid For Ilkay...

It has been reported that Borussia Dortmund chief Hans-Joachim Watzke...
3h ago from Nastytackle.com

Reports: Arsenal's Arturo Vidal Transfer Complete

Arsenal have already secured the signing of Juventus midfielder Arturo...
3h ago from FreshArsenal.com

Not Cech! 5 Goalkeepers Arsenal Could Sign

After the Premier League campaign finally came to an end, attention is...
3h ago from FreshArsenal.com

Comments

comments powered by Disqus

Hottest News

Honda: We still need more power

After a difficult start to the campaign, Jenson... Read More »
6h ago from Motorsport.com

Ferrari F1 boss Arrivabene gives Raikkonen ‘homework’

Ferrari F1 boss, Maurizio Arrivabene sent Kimi... Read More »
13h ago from ThisIsF1.com

Vettel no fan of Monaco GP ‘grid boys’

Sebastian Vettel was no fan of the Monaco GP... Read More »
13h ago from ThisIsF1.com

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.