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Bernie Ecclestone wins F1 case, but deal ruled corrupt
London: Formula 1 boss Bernie Ecclestone won a multimillion-dollar case at London's High Court relating to the sale of F1 in 2005 on Thursday but the judge nevertheless said it was a corrupt deal.A former F1 shareholder, German media company Constantin Medien, had sued Ecclestone and other defendants for up to USD 144 million, claiming F1 was undervalued at the time of the sale to investment group CVC Capital Partners.Ecclestone was accused of entering into a "corrupt agreement" with a banker to facilitate the sale of Formula One Group to a buyer chosen by him.Britain's High Court ruled Thursday that the deal was corrupt, but said that Constantin Medien did not lose out as...
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10y ago from NDTVSports.com
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