News Details

Ecclestone future hangs on trial verdict

Formula One boss Bernie Ecclestone has revealed that a £240m ($400m) lawsuit against him will get the red light if he wins a High Court trial which finished last month writes Christian Sylt in the Independent.German media rights firm Constantin Medien claimed in court that Ecclestone and his Bambino family trust paid a £26.7m ($44m) bribe to undervalue a 47.2% stake in F1 when it was sold by German bank BayernLB to private equity firm CVC in 2006. The money was paid to BayernLB banker Gerhard Gribkowsky and Constantin says that in return he steered the sale of F1 to CVC as it had agreed to retain Ecclestone as the boss of the sport.CVC bought the stake for £494.8m ($814m)...
Full Story »
3y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Ecclestone slams New Jersey organisers

– F1 boss Bernie Ecclestone has hit out at the organisers of the...
3y ago from GPUpdate.net

Ecclestone slams teams for double points criticism

At the end of last year the FIA dropped the bombshell that double points...
3y ago from Pitpass.com

Williams and McLaren accused Ecclestone of controlling...

In 2011 I wrote a news story for the Daily Telegraph sports section which...
3y ago from Pitpass.com

Exclusive: Permanent New Jersey F1 track has been...

Formula One boss Bernie Ecclestone has revealed that he considered holding...
3y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP Assen: Vinales to use new Yamaha chassis this...

Vinales likes the braking and steering on the new frame, so will use it at...
5h ago from BikeSportNews.com

Smith poised for return at Dutch TT

– Bradley Smith says he is ready to return to action at this...
5h ago from GPUpdate.net

Crutchlow signs two-year MotoGP deal with HRC

Crutchlow is now a factory HRC rider for the next two MotoGP seasons
1d ago from BikeSportNews.com

Miller to make Suzuka 8 Hours debut

– MotoGP rider Jack Miller will make his debut at the Suzuka 8...
13h ago from GPUpdate.net

Popular On IndyCarToday.com

New electronics coming with 2018 bodywork

IndyCar teams will have more than new bodywork to install leading into...
2h ago from Racer.com

IndyCar preparing for first 2018 bodywork tests

IndyCar is closing in on the names of the drivers and teams that will...
6h ago from Racer.com

Gutierrez to complete season with Coyne

Dale Coyne has signed Esteban Gutierrez to drive the No. 18 Honda for the...
6h ago from Racer.com

Esteban Gutierrez to complete IndyCar season with Dale...

Dale Coyne Racing has confirmed that Esteban Gutiérrez will drive...

Popular On TotalWRC.com

Poland countdown 2016 Rewind

Poland countdown2016 Rewind We start preparations for ORLEN 74th Rally...
7h ago from WRC.com

Suninen eyes top six

Suninen eyes top six World Rally Car debutant Teemu Suninen believes a...
10h ago from WRC.com

2017 Rally Italia Sardegna: Analysis – Another...

2017 brings us yet another first time winner and another victory for...
13h ago from TheCheckeredFlag...

Dirt 4 Review Part 1: The 'Feeling'

We're currently in a bit of a lull as far as the WRC is concerned. Now...
23h ago from WorldRallyBlog.c...

Popular On GunnersToday.com

WATCH: Alexis Sanchez Become's Chile's All-Time...

Alexis Sanchez has hit another landmark after becoming Chile's...
2h ago from AllArsenal.com

Paris Saint-Germain midfielder Blaise Matuidi to...

Paris Saint-Germain midfielder Blaise Matuidi has decided to contemplate...
7h ago from SportsMole.co.uk

Arsenal confirm new signing Sead Kolasinac's squad...

GETTY Sead Kolasinac has been handed the No.31 shirt The Bosnia and...
14h ago from DailyStar.co.uk

Comments

Hottest News

Ferrari takes engine upgrade for Azerbaijan GP

Ferrari is taking an engine upgrade to this... Read More »
7h ago from ThisIsF1.com

Red Bull achieves aero breakthrough - Horner

Red Bull Racing team boss Christian Horner says... Read More »
11h ago from F1i.com

Hamilton: I'm a huge fan of Ferrari

Mercedes driver Lewis Hamilton hinted in a recent... Read More »
3h ago from GrandPrix247.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.