News Details
CVC boss says Ecclestone drove hard bargain over F1 sale
Bernie Ecclestonewith Donald Mackenzie
Formula 1 supremo Bernie Ecclestone persuaded private equity fund CVC to double its initial valuation when it was buying a stake in the motor racing business, CVC's co-chairman told a German court on Wednesday.
Ecclestone, 83, is on trial for bribery, accused of channelling $44 million to a German banker in return for smoothing the sale to CVC which became the largest shareholder in Formula One in 2006.
Ecclestone, who denies wrongdoing, could face up to 10 years in prison if found guilty and a conviction would end his long grip on a business he helped to create. The prosecution alleges that Ecclestone wanted CVC to take control as it meant he could...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Ecclestone's bribery trial extended
Bernie Ecclestone
Formula 1 chief executive Bernie Ecclestone's Munich...
9y ago from GrandPrix247.com
Witness gives Ecclestone good day in court
Bernie Ecclestone's defence got a boost on Tuesday, as the corruption...
9y ago from GrandPrix.com
Ecclestone has a good day in court
Bernie Ecclestone in court
Formula 1 supremo Bernie Ecclestone had a good...
9y ago from GrandPrix247.com
Another witness backs Ecclestone's bribery defence
Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
16h ago from Motorsport.com
Vinales: Aprilia COTA MotoGP win has ‘different...
Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
12h ago from MotorsportWeek.c...
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Long Beach: O’Ward leads Power in opening...
No description available...
7h ago from Motorsport.com
O’Ward blasts to the top of IndyCar’s opening Long...
The NTT IndyCar Series drivers hit the streets of Long Beach on Friday...
7h ago from MotorsportWeek.c...
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
13h ago from Motorsport.com
Kirkwood: “More durable” tires hindering passing...
No description available...
12h ago from Motorsport.com
Popular On TotalWRC.com
Latvala: Neuville, Evans tied for WRC Croatia lead...
No description available...
9h ago from Motorsport.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
13h ago from Motorsport.com
Neuville and Evans tied to a tenth!
Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...
10h ago from MotorsportWeek.c...
WRC Croatia: Neuville sets the pace to lead title...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal ready to jump ahead of Chelsea and Manchester...
No description available...
34m ago from SportsKeeda.com
'Even if you are tired, you can't feel tired' -...
No description available...
14m ago from SportsKeeda.com
Arsenal Transfer News Roundup: Gunners eyeing Dusan...
No description available...
1h ago from SportsKeeda.com
Arsenal prepared to pay 45 million to sign Liverpool...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
F1 2024 Chinese Grand Prix – Sprint Race Results
Verstappen won the first Sprint Race of the year... Read More »
2h ago from MotorsportWeek.com
This is why Lewis Hamilton didn't defend hard against...
After starting in second place, Lewis Hamilton... Read More »
54m ago from GPBlog.com
Leclerc critical of Sainz’s ‘over the limit’ move in...
Charles Leclerc criticized his Ferrari teammate... Read More »
54m ago from F1i.com