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 »
8mo 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...
8mo ago from GrandPrix247.com

Bank ‘not closed’ to higher Ecclestone settlement

Bank ‘not closed' to higher Ecclestone settlementPosted On 22 Aug...
8mo 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...
8mo 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...
8mo ago from GrandPrix247.com

Elsewhere On The Network

Popular On MotoGPToday.com

More details emerge of Marquez injury

Further details have emerged regarding Saturday's finger injury for...
11h ago from Crash.net

Smith s ankle a four to six month injury

Bradley Smith may not mention it, but one glance at the Englishman...
7h ago from Crash.net

Rossi & Marquez set to resume duel in Jerez

Valentino Rossi and Marc Marquez look set to resume their duel for the...
10h ago from MotoGP.com

Popular On IndyCarToday.com

Montoya and Kimball disagree, both critical of race...

After a frantic IndyCar race at Barber, multiple drivers were left with...
22h ago from Motorsport.com

Five worthless opinions: Honda Grand Prix of Alabama...

Mark Wilkinson looks at this past weekend's IndyCar race and how it sets...
4h ago from Motorsport.com

Newgarden Takes Maiden Win at Barber

An outstanding race full of strategy and passing saw Josef Newgarden hold...

Mick Schumacher wins third-ever car race in German F4

Mick Schumacher, the 16-year-old son of seven-time Formula 1 World...
1d ago from Motorsport.com

Popular On TotalWRC.com

Pirelli Enjoy Positive Rally Argentina

Tyre manufacturer Pirelli enjoyed a positive outing on the XION Rally...

Encouraging start to World RX for Marklund Motorsport

Team Marklund Motorsport had an encouraging start to the FIA World...
2h ago from Motorsport.com

Round 1 produces a first podium for Team...

Timmy Hansen finished on the podium, chased in the order by team-mate Davy...
6h ago from Motorsport.com

Latvala: Argentina DNF a bitter blow

Volkswagen's Jari-Matti Latvala says his failure to finish Rally...
6h ago from Crash.net

Popular On GunnersToday.com

Fan makes girlfriend pass an ARSENAL EXAM or face the...

Twitter/@saskiaisabxlla A girlfriend was made to do an Arsenal test She...
1h ago from Express.co.uk

Man United flop to Anfield? Arsenal after even more...

Although it was a rather ‘boring’ performance from Chelsea against...

Serie A striker desperate for Arsenal summer link-up

Lukas Podolski has heart set on a return to Arsenal at the end of the...

Olivier Giroud warns Chelsea that Arsenal will...

Olivier Giroud warns Chelsea that Arsenal will challenge for the Premier...
3h ago from DailyMail.co.uk

Comments

comments powered by Disqus

Hottest News

Hamilton to take part in Gumball 3000 Rally

Reigning Formula 1 World Champion Lewis Hamilton... Read More »
4h ago from FormulaSpy.com

Sutil set to take legal action against Sauber

The Hinwil based F1 squad Sauber's legal troubles... 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.