News Details

Ecclestone rejects German firm's allegation of corrupt Formula 1 sale

Ecclestone rejects German firm's allegation of corrupt Formula 1 sale 30 October, 2013 Bernie Ecclestone speaks to journalists A firm's claim for more than $100 million in damages from Bernie Ecclestone is far-fetched and relies on confessions from a jailed banker who is a fantasist, a lawyer for the Formula 1 boss argued on Wednesday. German media firm Constantin Medien alleges that Ecclestone and three other defendants deliberately undervalued Formula One when German bank BayernLB sold its 47 percent stake in the sport to CVC Capital Partners for $830 million in 2005. Constantin had an interest in the sale and says it lost out as a result of the undervaluation, which it says was a...
Full Story »
10y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Court hears ‘a corrupt bargain was made between...

Court hears ‘a corrupt bargain was made between Mr Gribkowsky and...
10y ago from GrandPrix247.com

Swiss authorities open criminal probe against...

Swiss authorities open criminal probe against Ecclestone relating to F1...
10y ago from GrandPrix247.com

Court case against Ecclestone over F1 sale starts

Two days after Sebastian Vettel won his fourth Formula 1 title, the...
10y ago from F1Pulse.com

German media firm seeks damages from Ecclestone for F1...

German media firm seeks damages from Ecclestone for F1 sale 26 October,...
10y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Acosta heralded following debut MotoGP podium at...

Pedro Acosta received high praise following the Portuguese Grand Prix,...
15h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Kalle quickest in Safari shakedown

Reigning WRC champion Kalle Rovanperä set the benchmark time in Wednesday...

Popular On GunnersToday.com

West Ham plan to sign Premier League midfielder being...

West Ham United are eager to sign 22-year-old Everton midfielder Amadou...
1h ago from CaughtOffside.com

Arsenal to lose out on cover for Bukayo Saka thanks to...

It could be a disappointing summer for Arsenal in the transfer market this...
52m ago from CaughtOffside.com

Exclusive: 'There will be a race' to sign Arsenal...

Arsenal striker Mika Biereth is impressing on loan this season and it now...
42m ago from CaughtOffside.com

Arsenal interested in 26-year-old former player who...

AC Milan midfielder Ismael Bennacer may be available to sign in the...
22m ago from CaughtOffside.com

Comments

Hottest News

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.