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Ecclestone accused of ‘corrupt bargain’
The opening day of proceedings in the civil action against Bernie Ecclestone and three other defendants accused of bribery in the sale of F1 rights has seen the F1 ringmaster cited for making a 'corrupt bargain' that resulted in Constantin Medien losing millions of dollars.The case, being heard at the High Court in London, is the latest in a series of hearings resulting from the sale of rights to asset management group CVC back in 2006, and has been brought by Constantin Medien which, having had an interest in F1 stakeholder Bayern LB at the time, believes that the undervaluing of the stock – and monies paid to cover it up – saw it denied the price it deserved.The media company is...
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