News Details

Civil case against Ecclestone dropped

The New York Surpeme Court has dismissed a civil action against Bernie Ecclestone. Bluewaters Communications Holdings LLC, an American-based investment firm, was seeking damages to the amount of 650 million US dollars from the F1 supremo following the controversial sale of the sport's commercial rights to in 2006 to CVC. According to Bluewaters, the company might the highest for the 47 percent stake former shareholder Bayern LB sold and that Ecclesone was obliged to accept their offer. Instead, the stake in F1 was sold to CVC Capital Partners, because, Bluewaters claims, Ecclestone paid a bribe to Bayern LB's chief risk officer Gerhard Gribkowsky. The 650million Bluewaters was seeking...
Full Story »
3y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Relief for Ecclestone as US judge dismisses $650...

Relief for Ecclestone as US judge dismisses $650 million lawsuit 22...
3y ago from GrandPrix247.com

New York judge dismisses Ecclestone case

Bernie Ecclestone's legal woes have eased slightly, as it emerges a $650m...
3y ago from GrandPrix.com

Ecclestone avoids US lawsuit over F1 sale

He may be the subject of ongoing European proceedings relating to the...
3y ago from Crash.net

The curious timing of the announcement of the case...

Last week the world of Formula One was taken by surprise by the...
3y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Marquez dislocates shoulder in Jerez MotoGP test crash

The reigning MotoGP World Champion crashed at turn seven but was back out...
5h ago from BikeSportNews.com

Márquez dislocates shoulder in test crash

– MotoGP World Champion Marc Márquez dislocated his shoulder in a...
3h ago from GPUpdate.net

FIA and FIM approve Barcelona changes

– Representatives from the FIA and the FIM have approved changes...
11h ago from GPUpdate.net

‘With wings, we could win at Qatar’ says Lorenzo

Jorge Lorenzo is confident after a good test at Phillip Island and may yet...
3d ago from BikeSportNews.com

Popular On IndyCarToday.com

Montoya has 'fun' in Risi Ferrari at Sebring

While Risi Competizione spent Friday getting ready for the upcoming Mobil...
22h ago from Racer.com

IMSA: Montoya to sample Risi Ferrari on Friday

Team Penske driver Juan Montoya will get a taste of the Risi Competizione...
1d ago from Racer.com

Hunter-Reay wins protracted suit against Gentilozzi

Above: Ryan Hunter-Reay races on the streets of Toronto in 2005. IndyCar...
2d ago from Racer.com

Taylor fast on IndyCar test debut with Penske

American sports car star Ricky Taylor got his long-awaited run in an...
1d ago from Racer.com

Popular On TotalWRC.com

Mexico City: Zocalo beats to WRC rhythm

Mexico City:Zocalo beats to WRC rhythm The FIA World Rally Championship...
1d ago from WRC.com

The best WRC city stages

The best WRC city stages The WRC is more rugged wilderness than urban...
2d ago from WRC.com

Hesto leads eSports WRC

German driver Hesto leads Championship after the opening round
3d ago from WRC.com

Olbia return for Rally Italia Sardegna

Two classic stages make their WRC comeback
3d ago from WRC.com

Popular On GunnersToday.com

Football's Changing Times - A Note From a 50's Gooner

By Jon Fox As a lifelong Arsenal fan now in my sixties, who has been...
4h ago from AllArsenal.com

Arsenal defeat looks less embarrassing as Hamburger...

Arsenal fans left Germany with their tails between their legs 10 days ago...
6h ago from CaughtOffside.com

Arsenal Exclusive: Barcelona to hijack move for No 1...

GETTY Barcelona are looking to hijack Arsenal's move for Juventus boss...
31m ago from Express.co.uk

Paul Merson tells brilliant story about Arsenal......

GETTY John Jensen took a long time to score his only Arsenal goal The...
11h ago from DailyStar.co.uk

Comments

Hottest News

REVEALED: Haas F1 2017 car in Barcelona

The first image of Haas F1's Formula 1 car has... Read More »
6h ago from F1Hub.net

2017 Haas F1 Car VF17 Photo Leaked

2017 Haas F1 car’s picture emerged on internet... Read More »
5h ago from ThisIsF1.com

McLaren-Honda Launches 2017 F1 Cars – Orange MCL32

McLaren-Honda F1 team launched 2017 F1 challenger... Read More »
1d 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.