News Details

Ecclestone at loggerheads with German bank

Lawyer Sven Thomas with his client Bernie Ecclestone Formula 1 supremo Bernie Ecclestone remains at legal loggerheads with the Munich state bank BayernLB. When the sport's supremo controversially yet successfully settled with German prosecutors for $100 million, he had at the time also made an offer of $25 million to the aggrieved bank and former Formula 1 shareholder BayernLB. The offer was turned down because it was not high enough. But 'If the overall package is right, we wouldn't be closed to it,' BayernLB chief executive Johannes-Joerg Riegler said last week. Earlier, BayernLB had been seeking $400 million, but Formula 1 business journalist Christian Sylt said a spokesman confirmed the...
Full Story »
2y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Bank wants more cash from Ecclestone for settlement

Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP...
2y ago from GrandPrix247.com

Bank ‘not closed’ to higher Ecclestone settlement

Bank ‘not closed' to higher Ecclestone settlementPosted On 22 Aug...
2y ago from ThisIsF1.com

Lawyer says Ecclestone paid $100 million for good of F1

Lawyer Sven Thomas with his client Bernie Ecclestone Formula 1 supremo...
2y ago from GrandPrix247.com

Ecclestone says ‘bit of an idiot' quip was a joke

Bernie Ecclestone F1 supremo Bernie Ecclestone, who has  been in the...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

‘Nicky will be missed by all of us’ - Wayne...

Rainey says Nicky Hayden will be remembered for his work ethic, his...
1h ago from BikeSportNews.com

MotoGP Le Mans: Moto3 race stopped after huge crash

A large majority of the Moto3 field crashed on fluid at La Chapelle at Le...
2d ago from BikeSportNews.com

MotoGP Le Mans: Last-lap crash a mystery for Rossi

Rossi is mystified by the last-lap crash which saw him lose at least 20...
1d ago from BikeSportNews.com

Viñales victorious after last-lap Rossi error

– Maverick Viñales claimed victory at an incredible French Grand...
1d ago from GPUpdate.net

Popular On IndyCarToday.com

JR Hildebrand: “It’s a place I think we can...

Sixth place on the grid is a good starting spot for JR Hildebrand, and he...

Indy 500 Day 2 qualifying live stream

Watch Sunday practice and qualifying from the Indianapolis Motor...
1d ago from Racer.com

Alonso - Pole 'close' without engine issue

Fernando Alonso believes he would have been close to pole position for...
1d ago from Racer.com

Ed Carpenter: “It was actually a better run than I...

The American will start in the middle of the front row after setting a...

Popular On TotalWRC.com

Ogier highlights Tänak spur

Portugal winner recognises team-mates’ support
1d ago from WRC.com

Ogier Cruises to Record Equalling Rally Portugal...

The championship leader cruised through the final day to take a record...

BREAKING NEWS: Ogier nets fifth Portugal win

Frenchman increases championship lead
2d ago from WRC.com

Sebastien Ogier claims landmark fifth Rally Portugal...

Sébastien Ogier claimed a record-equalling fifth Rally Portugal...

Popular On GunnersToday.com

Transfer Rater: Bakayoko to Chelsea, Onyekuru to...

The latest transfer rumours from around the world. Things change in the...
56m ago from ESPNFC.co.uk

Wenger Wants 'One Or Two Top Quality' Signings At...

Arsene Wenger says he wants to sign 'one or two top quality'...
1d ago from AllArsenal.com

Arsenal not making Champions League is 'massive' -...

Arsenal missing out on Champions League is a 'massive disappointment' for...
1d ago from DailyMail.co.uk

Manchester United legend Sir Alex Ferguson speaks out...

GETTY Sir Alex Ferguson has been impressed by Arsene Wenger in the face...
1d ago from DailyStar.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.