News Details
F1 boss rejects 'corrupt' sale claim
A damages claim against Formula 1 boss Bernie Ecclestone relies on the confessions of a 'fantasist' jailed banker, the High Court has been told. German media company Constantin Medien alleges that Mr Ecclestone deliberately undervalued F1 when BayernLB bank sold its 47% stake in the sport in 2005. Robert Miles QC, representing the Formula 1 chief executive, said: 'This is a case that simply does not add up.' Constantin said it lost out in the deal and is seeking about £90m in damages. 'Absolutely delighted' Mr Miles said his client would have had no interest in undervaluing F1 because Mr Ecclestone's family was selling its own 25% stake at the same price. Mr Ecclestone rejects Constantin's...
Full Story »
Full Story »
You May Also Be Interested In...
Ecclestone made 'corrupt agreement'
F1 boss Bernie Ecclestone was accused of making a 'corrupt agreement', at...
11y ago from GPUpdate.net
Court case against Ecclestone over F1 sale starts
Formula One boss Bernie Ecclestone was accused of making a "corrupt...
11y ago from SuperSport.com
Ecclestone accused of corruption as High Court case...
Bernie Ecclestone is facing accusations of being involved in a corrupt...
11y ago from espnF1.com
cclestone accused of 'corrupt bargain' in F1 sale
LONDON, Oct 29, 2013 (AFP) - Formula One chief Bernie Ecclestone...
11y ago from F1Plus.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini in, Franco Morbidelli out for MotoGP...
No description available...
12h ago from Motorsport.com
Marco Bezzecchi reveals cause of ‘disappointing’...
Marco Bezzecchi revealed “braking more softly” may have been the...
14h ago from MotorsportWeek.c...
What riders are back on the MotoGP grid for Czech GP?
No description available...
1d ago from Motorsport.com
German GP signs deal to remain on MotoGP calendar...
The organisers of the German GP have announced that the race will remain...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Iowa – Race 1 Results
The first race of IndyCar’s double-header weekend from Iowa Speedway...
7h ago from MotorsportWeek.c...
Taylor Barnard rejected McLaren IndyCar and WEC offers...
Taylor Barnard has turned down the chance to race for Arrow McLaren in...
8h ago from MotorsportWeek.c...
Ed Carpenter Racing announces new Westfield...
No description available...
1d ago from Motorsport.com
Why it isn’t “unrealistic” for Alex Palou to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Rally Portugal criticism forces WRC, FIA to rethink...
No description available...
9h ago from Motorsport.com
Sudden failure forces Adrien Fourmaux out of Rally...
No description available...
9h ago from Motorsport.com
Sebastien Ogier spurns WRC title fight despite flurry...
No description available...
9h ago from Motorsport.com
Why Adrian Newey “goes to another office” to avoid...
No description available...
16h ago from Motorsport.com
Popular On GunnersToday.com
Surprise PL club interested in signing player wanted...
Wolverhampton Wanderers are reportedly planning a summer raid for Real...
5h ago from SportsKeeda.com
Crystal Palace open to cash plus swap deal offer with...
Crystal Palace are reportedly open to a cash plus player bid for Arsenal...
6h ago from SportsKeeda.com
Chelsea hold fresh talks with player linked with a...
Chelsea have commenced steps to hijack Arsenal's move for Crystal Palace...
10h ago from SportsKeeda.com
Arsenal hold serious talks to sign Bayern Munich star...
According to German media outlet Bild (via Metro), Arsenal are considering...
8h ago from SportsKeeda.com
Comments
Hottest News
Christian Horner's HEARTBREAKING response to which F1 team...
Axed Red Bull team principal Christian Horner... Read More »
8h ago from GPFans.com
F1 star Yuki Tsunoda asks fans for HELP in social media plea
Red Bull F1 star Yuki Tsunoda has asked fans for... Read More »
4h ago from GPFans.com
Martin Brundle signals key reason behind shock Christian...
Red Bull caused a stir earlier this month with... Read More »
8h ago from RacingNews365.com
