News Details

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...
Full Story »
1y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Bank wants more cash from Ecclestone for settlement

Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP...
1y ago from GrandPrix247.com

Bank ‘not closed’ to higher Ecclestone settlement

Bank ‘not closed' to higher Ecclestone settlementPosted On 22 Aug...
1y ago from ThisIsF1.com

Lawyer says Ecclestone paid $100 million for good of F1

Lawyer Sven Thomas with his client Bernie Ecclestone Formula 1 supremo...
1y ago from GrandPrix247.com

Ecclestone says ‘bit of an idiot' quip was a joke

Bernie Ecclestone F1 supremo Bernie Ecclestone, who has  been in the...
1y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MotoGPToday.com

Rossi 'very proud' of British Grand Prix win

– Yamaha's Valentino Rossi described himself as "very...
9h ago from GPUpdate.net

Miller: “I want to say a big sorry to Cal”

The Octo British Grand Prix ends in disaster after a lightning start for...
7h ago from MotoGP.com

Smith: “I was a bit nervous on the grid”

Big improvements on the bike allow Bradley Smith a competitive showing in...
5h ago from MotoGP.com

Valentino Rossi wins British MotoGP

Valentino Rossi of Italy moved to the top of the world championship...
1d ago from SuperSport.com

Popular On IndyCarToday.com

Scott Dixon tales fourth IndyCar title on tiebreak at...

It was a close one, but Target Chip Ganassi Racing's Scott Dixon took his...

Peerless Dixon beats Montoya to IndyCar crown

– For the fourth time in his storied career, Scott Dixon has won...
17h ago from GPUpdate.net

Dixon Steals the Win and Championship in Sonoma

Some slick pit work and strategy vaulted Scott Dixon up into the lead,...
18h ago from OpenWheelWorld.n...

Popular On TotalWRC.com

Al-Attiyah to return in 'fantastic' Skoda

Qatari confirms Spain in new Fabia R5
1h ago from WRC.com

Lefebvre handed second Citroen WRC outing

Stephane Lefebvre has been handed his second opportunity in the WRC with...
7h ago from Crash.net

Lefebvre's WRC return on Tour de Corse

Frenchman gets a second World Rally Car outing on asphalt
1d ago from WRC.com

F1 ace Jenson Button tests Mini and VW Beetle...

Formula 1 star Jenson Button tested rallycross cars at Lydden Hill today...
4d ago from Motorsport.com

Popular On GunnersToday.com

Arsenal ‘ready to complete £59m double swoop on...

Gunners could pull off major business late on. Arsenal fans could still...
1h ago from CaughtOffside.com

'If Monreal leaves ... we're throwing nachos on the...

Despite starting with the signing of Petr Cech from Chelsea, Arsenal fans...
2h ago from TalkSport.com

Ten massive deals that could be completed within the...

10 transfers that could be completed before the transfer window closes at...
2h ago from CaughtOffside.com

Arsenal linked with last-minute swoop for Brazilian...

Brazilian striker Alexandre Pato has sparked speculation that he could...
2h ago from CaughtOffside.com

Comments

comments powered by Disqus

Hottest News

Honda better than Renault

To be fair, it is probably one metric that all... Read More »
3h ago from Formula1Blog.com

Raikkonen is deeply frustrating – Whitmarsh

Kimi Raikkonen never realised his full potential... Read More »
9h 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.