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 GrandPrixTimes.com
0
You May Also Be Interested In...
Spa gets permission to extend contract through 2018
The Belgian Grand Prix looks set to remain on the Formula 1 calendar...
10y ago from TheF1Times.com
Ecclestone, Di Montezemolo reappointed to F1 board
Bernie Ecclestone has been reappointed to the board of Formula 1's...
10y ago from GrandPrixTimes.com
Korea and Qatar unlikely to happen - Ecclestone
Two proposed events - Korea and Qatar - are unlikely to happen according...
10y ago from GrandPrixTimes.com
FIA formalises virtual safety car rules
As part of the publication of the 2015 Formula One regulations, the FIA...
10y ago from F1Technical.net
Elsewhere On The Network
Popular On MGPToday.com
How Aprilia believes it “overreached our target”...
No description available...
9h ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
12h ago from MotorsportWeek.c...
Pedro Acosta brands 2025 MotoGP season a “wasted...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu aims to challenge Fabio Quartararo...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
2d ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
2d ago from Motorsport.com
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
3d ago from MotorsportWeek.c...
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Saudi Arabia: Why there’s “absolutely no...
No description available...
3h ago from Motorsport.com
WRC Saudi Arabia: Adrien Fourmaux leads, Elfyn Evans...
No description available...
5h ago from Motorsport.com
Title advantage to Ogier as Sesks, Pajari star in...
After the opening super special stage in Jeddah on Wednesday evening, won...
9h ago from MotorsportWeek.c...
Popular On GunnersToday.com
'There’s no doubt about it' - Atletico Madrid coach...
Atletico Madrid coach Diego Simeone has snubbed Arsenal and named Inter...
3h ago from SportsKeeda.com
'From what I was told and heard' - Chelsea legend...
Chelsea legend Ashley Cole has revealed that he was close to joining Real...
6h ago from SportsKeeda.com
Paul Merson predicts Chelsea vs Arsenal and other...
Before we go into the Premier League predictions for the weekend, I just...
9h ago from SportsKeeda.com
Episode 855 – Bayern battered
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
12h ago from Arseblog.com
Comments
Hottest News
Sebastian Vettel gave Lewis Hamilton one piece of advice...
Four-time F1 champion and former Ferrari driver... Read More »
4h ago from GPFans.com
Verstappen: Piastri can label himself a No 2 driver if he...
Max Verstappen has warned Oscar Piastri that he... Read More »
1h ago from SkySports.com
Damon Hill wants Lando Norris as champion...because he's...
1996 F1 champion Damon Hill has said he is... Read More »
2h ago from GPFans.com
