News Details
Someone's going to have a big bill to pay
We are some way off getting a verdict on the High Court trial which is currently consuming Formula One boss Bernie Ecclestone's time. It is due to come to a close in early December but we already know how much money is at stake as Ecclestone has revealed that his legal costs have accelerated to more than £15.7m ($25m).The case surrounds the sale of a major stake in F1 which was allegedly undervalued when it was sold by German bank BayernLB to private equity firm CVC in 2006. German media firm Constantin Medien had an agreement to receive 10% if the stake was sold for more than £690m ($1.1bn) but it didn't get anything since CVC paid £510m ($814m). Constantin claims that...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Ecclestone gets $30m boost in High Court trial
Formula One boss Bernie Ecclestone will be giving evidence at London's...
11y ago from Pitpass.com
F1 2013 – Ecclestone paid team bosses $10mil each to...
During his trial at the high court this week, it was revealed that Bernie...
11y ago from F1.co.uk
Horner has no interest in succeeding under-fire...
Horner has no interest in succeeding under-fire Ecclestone 7 November,...
11y ago from GrandPrix247.com
Ecclestone appears in court
F1 boss Bernie Ecclestone appeared in the High Court in London on...
11y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
What the rules say about MotoGP’s winter break
No description available...
5h ago from Motorsport.com
What Espargaro learned about Marquez from his time at...
No description available...
1d ago from Motorsport.com
Di Giannantonio will try to “annoy” Marquez and...
No description available...
4d ago from Motorsport.com
Honda needs to gain half a second over winter in...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar's top 5 storylines of the 2024 season
No description available...
1d ago from Motorsport.com
Counting down the top five best IndyCar races of 2024
No description available...
2d ago from Motorsport.com
The spotlight now on IndyCar, Indy NXT as both series...
No description available...
1w ago from Motorsport.com
Sophia Floersch signs with HMD Motorsports for 2025...
No description available...
2w ago from Motorsport.com
Popular On TotalWRC.com
Sainz predicts "strange" tactical battle in...
No description available...
12m ago from Motorsport.com
Ford Raptor - the American manufacturer’s new...
No description available...
1d ago from Motorsport.com
The leading contenders for victory at the 2025 Dakar...
No description available...
3d ago from Motorsport.com
Katsuta expects “bigger challenge” in WRC 2025
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Paul Merson predicts Liverpool vs Manchester United...
No description available...
1h ago from SportsKeeda.com
Arsenal transfer news: Gunners 'pinpoint' Brentford...
Arsenal are reportedly losing sight of a January deal for Brentford...
2h ago from SportsMole.co.uk
Liverpool and Arsenal target Omar Marmoush speaks on...
No description available...
1h ago from SportsKeeda.com
'That takes Arsenal to another level' - Paul Merson...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
Red Bull parts ways with $150 million sponsor
A three-year deal reportedly worth $150 million... Read More »
2h ago from RacingNews365.com
Racing Bulls moves into ‘game-changing’ new aero...
Racing Bulls has begun moving into its new... Read More »
1h ago from MotorsportWeek.com
McLaren lose former Norris engineer to F1 rival
Lando Norris's former number one mechanic is on... Read More »
3h ago from RacingNews365.com
