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 »
11y 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...
11y ago from GrandPrix247.com
Witness gives Ecclestone good day in court
Bernie Ecclestone's defence got a boost on Tuesday, as the corruption...
11y ago from GrandPrix.com
Ecclestone has a good day in court
Bernie Ecclestone in court
Formula 1 supremo Bernie Ecclestone had a good...
11y ago from GrandPrix247.com
Another witness backs Ecclestone's bribery defence
Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why the next contract matters more to Fabio Quartararo...
No description available...
19h ago from Motorsport.com
Honda in conundrum over Somkiat Chantra stand-in for...
No description available...
1d ago from Motorsport.com
BMW admits 2027 MotoGP entry “not viable” as it...
No description available...
2d ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
8h ago from MotorsportWeek.c...
Will Power victorious after tense battle for the top...
IndyCar tackled the final road course of the season on Sunday, completing...
8h ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
7h ago from MotorsportWeek.c...
Alex Palou is your 2025 IndyCar series champion with...
No description available...
8h ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
5d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Sources: 100 million fee set for attacker wanted by...
The uncertainty surrounding Rodrygo’s role at Real Madrid has become one...
13m ago from CaughtOffside.com
'Might go' – Arsenal legend names the Gunners...
Arsenal legend Alan Smith believes it might now be the right time for...
17h ago from CaughtOffside.com
Report: Arsenal could bring back former Premier League...
Ademola Lookman has been linked with a return to the Premier League in...
17h ago from CaughtOffside.com
Arsenal summer signing Martin Zubimendi praises 2...
Arsenal midfielder Martin Zubimendi has heaped praise on Declan Rice and...
20h ago from SportsKeeda.com
Comments
Hottest News
Urgent Deletion Notice to GPToday.com
We have repeatedly attempted to contact... Read More »
11h ago from Formula1News.co.uk
F1 News Today: Russell Mercedes contract verdict issued as...
Sergio Perez's disappointing end to life at Red... Read More »
1h ago from GPFans.com
F1 Driver Market: Who will take the eight remaining seats...
Eight seats are yet to be confirmed on the 2026... Read More »
1h ago from SkySports.com
