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Former team manager threatens legal action against Ecclestone
Formula One boss Bernie Ecclestone has had a rough run of things over the past two years. It all started when it came to light that he was facing the threat of legal action over paying an alleged £27.5m bribe to Gerhard Gribkowsky, former chief risk officer of German state-owned bank BayernLB, in return for him agreeing to sell its 47.2% stake in F1 to current owner CVC in 2006.BayernLB sold its shares to CVC for £527.1m ($839m) and in July last year German media company Constantin sued Ecclestone in London's High Court claiming that it lost out on the deal. It was due to receive 10% of the proceeds if BayernLB's stake was sold for more than £628m ($1bn) and Constantin...
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12y ago from Pitpass.com
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