News Details
BayernLB files £270m lawsuit against Ecclestone
Bernie Ecclestone is being sued by German bank BayernLB over the sale of the sport in 2006, a spokesman for the bank confirmed this week. The company believes the sport was undervalued when it was sold to CVC Capital Partners, therefore undervaluing its stake. BayernLB is reportedly seeking compensation of £270 million (€345m, $420m), believing Ecclestone is guilty of bribing german banker and then-BayernLB employee, Gerhard Gribkowsky. "BayernLB has filed a law suit against Mr. Ecclestone, the family foundation Bambino and others and is asking for damages of €345 million plus interest," a spokesman told Reuters. "When the bank's stake in Formula One was sold...
Full Story »
Full Story »
10y ago from TheF1Times.com
0
You May Also Be Interested In...
German bank sues Ecclestone for 345 million
Bernie Ecclestone in court
German bank BayernLB is seeking 345 million in...
10y ago from GrandPrix247.com
Ecclestone sued for 345 million by German bank
German state bank BayernLB is suing Bernie Ecclestone and his family...
10y ago from F1Pulse.com
BayernLB files law suit against Ecclestone
– German bank BayernLB has confirmed that it has filed a law suit...
10y ago from GPUpdate.net
Ecclestone takes swipe at trial outcome with Christmas...
Lawyer Sven Thomas talks to his client Bernie Ecclestone during their...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Winners and losers from MotoGP's 2025 Aragon GP
No description available...
4h ago from Motorsport.com
Francesco Bagnaia: Aragon MotoGP podium result feels...
A third-place finish for Francesco Bagnaia "felt like a...
1h ago from MotorsportWeek.c...
Winning the Aragon GP was “mandatory” claims Marc...
No description available...
6h ago from Motorsport.com
Ducati reveals the “simple” change introduced to...
No description available...
21h ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt Racing fined $25K, lose championship points...
No description available...
6d ago from Motorsport.com
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
6d ago from MotorsportWeek.c...
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
1w ago from MotorsportWeek.c...
Detroit GP expected to remain downtown amid potential...
Following the conclusion of the Detroit Grand Prix, organizers have...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Ogier stays aloof from WRC title fight...
No description available...
23h ago from Motorsport.com
Redemption for Ogier
One year on from losing victory on the final stage of Rally Italia...
23h ago from MotorsportWeek.c...
Sebastien Ogier takes record-breaking WRC Sardinia...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal risk missing out on priority target as rival...
Arsenal are reportedly facing the risk of missing out on their priority...
2h ago from SportsKeeda.com
Chelsea hold talks in recent days over Liverpool...
Chelsea have had contacts with Ajax in the last few days about a potential...
1h ago from CaughtOffside.com
Explained: Leroy Sane has written transfer offer from...
Arsenal have made a written offer to Leroy Sane as he mulls over his...
1h ago from CaughtOffside.com
Real Madrid make late move to hijack Arsenal transfer;...
Real Madrid have reportedly joined Arsenal in the race to sign Spanish...
6h ago from SportsKeeda.com
Comments
Hottest News
Haas revives debut livery to celebrate 200th F1 race in...
Haas has announced that it is reviving the... Read More »
1h ago from MotorsportWeek.com
Red Bull to allow Yuki Tsunoda to trial mystery change in...
Yuki Tsunoda has revealed that Red Bull will... Read More »
31m ago from MotorsportWeek.com
F1 News Today: F1 star to be hit by FIA penalty at next...
An F1 star is facing a hefty penalty the next... Read More »
30m ago from GPFans.com
