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Further setback for Ecclestone over F1 sale
Bernie Ecclestone's legal troubles have taken another turn after the Formula One Group and owners CVC were requested by a London court to release hundreds of documents over the sale of Formula 1 in 2005, according to the Financial Times. Ecclestone was indicted by German prosecutors for alleged bribery last month, the 82-year-old and Bambino, his family trust, having sent $44 million (£29 million) to banker Gerhard Gribkowsky to ensure the sale of BayernLB's shares to CVC. Meanwhile, German media group Constantin Medien is seeking damages of at least $171m (£111 million), arguing that BayernLB's 47 percent stake was undervalued when it was sold to CVC. The company, which claims it would...
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12y ago from GPUpdate.net
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