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
Ducati set to make crunch decision over 2025 MotoGP...
Ducati is set to make a decision over whether it will use its new engine...
13h ago from MotorsportWeek.c...
Yamaha can be top-five contender from mid-2025, says...
No description available...
14h ago from Motorsport.com
MotoGP Buriram test: Schedule, riders and how to follow
No description available...
16h ago from Motorsport.com
Why Ducati leans towards 2024 engine for 2025 MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Doug Boles named IndyCar President in leadership...
The NTT IndyCar Series announced on Tuesday morning that longtime...
9h ago from MotorsportWeek.c...
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
1w ago from MotorsportWeek.c...
Power sets goal of five move competitive years in...
Will Power is one of the NTT IndyCar Series’ longest tenured drivers,...
5d ago from MotorsportWeek.c...
Conor Daly thinks IndyCar should race in Mexico and...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal considering incredible move for striker with...
Arsenal are already laying the groundwork for the summer transfer window,...
2h ago from CaughtOffside.com
Arsenal attacker suffers 'worrying' hamstring injury...
Arsenal's attacking crisis allegedly goes from bad to worse, as Kai...
6h ago from SportsMole.co.uk
Arsenal transfer news: Gunners 'make decision' over...
Arsenal reportedly make a decision on whether to pursue a permanent deal...
6h ago from SportsMole.co.uk
Arsenal dealt fresh injury blow as star man picks up...
No description available...
5h ago from SportsKeeda.com
Comments
Hottest News
F1 Today | Rumoured Red Bull 'power unit issues', McLaren...
Red Bull rumoured to have issues with their 2026... Read More »
5h ago from GPBlog.com
McLaren driver announces SHOCK exit as F1 champion signs...
A McLaren driver has confirmed their exit from... Read More »
3h ago from GPFans.com
Perez edges towards F1 return as Williams make big move -...
Check out all the biggest stories of the day with... Read More »
5h ago from RacingNews365.com
