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Ecclestone at loggerheads with German bank

Lawyer Sven Thomas with his client Bernie Ecclestone Formula 1 supremo Bernie Ecclestone remains at legal loggerheads with the Munich state bank BayernLB. When the sport's supremo controversially yet successfully settled with German prosecutors for $100 million, he had at the time also made an offer of $25 million to the aggrieved bank and former Formula 1 shareholder BayernLB. The offer was turned down because it was not high enough. But 'If the overall package is right, we wouldn't be closed to it,' BayernLB chief executive Johannes-Joerg Riegler said last week. Earlier, BayernLB had been seeking $400 million, but Formula 1 business journalist Christian Sylt said a spokesman confirmed the...
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6mo ago from GrandPrix247.com 0
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