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The big hurdle in the case against Bernie Ecclestone
The trial against Bernie Ecclestone is approaching the end after nearly a month of hearings in London. German media rights firm Constantin Medien has accused Ecclestone and his Bambino family trust of paying a £27.1m ($44m) bribe to Gerhard Gribkowsky, a former executive at German bank BayernLB. The lawsuit claims that in return for the bribe Gribkowsky agreed to sell BayernLB's 47.2% stake in F1 to the private equity firm CVC in 2006. Constantin says other buyers would have paid more but it believes Ecclestone preferred CVC as it had agreed to retain him as F1's boss. In contrast, Ecclestone says the money was paid after Gribkowsky threatened to tell the UK tax authorities that he...
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11y ago from Pitpass.com
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