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 »
10y 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...
10y 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...
10y 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...
10y ago from Pitpass.com

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

Formula One boss Bernie Ecclestone has revealed that he considered holding...
10y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Ducati: Bastianini's COTA MotoGP podium an...

Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
11h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Pourchaire to make IndyCar debut in Long Beach with...

Arrow McLaren has announced that the reigning Formula 2 champion Theo...
16h ago from MotorsportWeek.c...

IndyCar's new Aeroscreen makes early debut at Long...

The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...

Popular On TotalWRC.com

Sebastian Ogier tops Croatia Rally shakedown

Sébastien Ogier announced his return to FIA World Rally Championship...
10h ago from MotorsportWeek.c...

Popular On GunnersToday.com

No feeling sorry for ourselves, ‘war chest'...

Morning all. It's gonna be a pretty quick blog today, I think. Between...
29m ago from Arseblog.com

Arsenal step up plans for a new striker with Premier...

Following their elimination from the Champions League by Bayern Munich,...
9m ago from CaughtOffside.com

Arsenal plotting £165m swoop for Premier League...

Arsenal are reportedly weighing up a £165m deal to lure two Premier...
5h ago from SportsMole.co.uk

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.