News Details
Ecclestone wins court case
Bernie Ecclestone has overturned a $140million damages claim from a German media company after the High Court ruled that he and his co-defendants had not deliberately undervalued Formula 1's commercial rights when they were sold eight years ago.The case, which was heard late last year, concerned the rights sale to current controllers CVC Capital Partners in 2006. They acquired them for a total of $2billion, with a 47.1 per cent stake bought from German bank BayernLB.
In turn, Constantin Medien had an agreement with BayernLB entitling it to 10 per cent of the proceeds if the F1 stake sold for more than $1.1bn. However, they received nothing because CVC paid $814m for it.
The company...
Full Story »
Full Story »
11y ago from SkySports.com
0
You May Also Be Interested In...
Telefónica to launch dedicated F1 channel after...
Telefónica to launch dedicated F1 channel after agreeing rights deal 14...
11y ago from GrandPrix247.com
Ecclestone daughters lavish lifestyles also lead to...
Ecclestone daughters lavish lifestyles also lead to court 15 February,...
11y ago from GrandPrix247.com
Horner ends speculation over Ecclestone succession
Horner ends speculation over Ecclestone succession 14 February, 2014...
11y ago from GrandPrix247.com
Bernie Ecclestone steps down as head of Formula One...
Berlin: Bernie Ecclestone will step down as the head of Formula...
11y ago from NDTVSports.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Malaysian GP: Francesco Bagnaia destroys field...
No description available...
33m ago from Motorsport.com
Francesco Bagnaia dominates to secure Sepang MotoGP...
Factory Ducati rider Francesco Bagnaia dominated to secure a flag-to-flag...
33m ago from MotorsportWeek.c...
MotoGP Malaysian GP: Francesco Bagnaia strikes back to...
No description available...
4h ago from Motorsport.com
Francesco Bagnaia reigns supreme in Malaysia MotoGP...
Factory Ducati rider Francesco Bagnaia reigned supreme in MotoGP...
4h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mark Miles teases possible non-championship...
IndyCar is largely considered a North American championship, with races...
2d ago from MotorsportWeek.c...
IndyCar tire, brake testing completed on IMS oval
IndyCar staged a test at the Indianapolis Motor Speedway on Tuesday and...
2d ago from MotorsportWeek.c...
Enzo Fittipaldi hails ‘productive’ test with Arrow...
Enzo Fittipaldi completed an IndyCar test with Arrow McLaren last week,...
4d ago from MotorsportWeek.c...
Mick Schumacher is “very open” to exploring an...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Elfyn Evans: WRC points lead “guarantees absolutely...
No description available...
1d ago from Motorsport.com
Lancia confirms 2026 WRC2 entry with the new Ypsilon...
Lancia will return to the World Rally Championship next year with the new...
3d ago from MotorsportWeek.c...
M-Sport favours new WRC car build over upgraded Rally2...
No description available...
3d ago from Motorsport.com
Martins Sesks rejoins M-Sport for WRC Saudi Arabia...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
'The moment Arsenal came' – Summer signing...
Eberechi Eze has opened up about one of the biggest transfer decisions of...
2h ago from CaughtOffside.com
Sources: Arsenal & Chelsea scouts watched...
Bayern Munich’s production line has delivered another headline act. At...
1h ago from CaughtOffside.com
Mikel Arteta hails 'incredible' Arsenal star as 'one...
Arsenal defender Gabriel Magalhaes has established himself as one of the...
10h ago from CaughtOffside.com
Mikel Arteta highlights 'big message' from Sir Alex...
Arsenal have been in excellent form in the Premier League and in the UEFA...
10h ago from CaughtOffside.com
Comments
Hottest News
Jacques Villeneuve drops bombshell name into Racing Bulls...
Both Racing Bulls seats have yet to be confirmed... Read More »
1h ago from RacingNews365.com
McLaren issue health update after driver taken to Mexico...
A McLaren driver was taken to the medical centre... Read More »
1h ago from RacingNews365.com
Piastri: F1 boils down to a few people driving around,...
Oscar Piastri has teammate Lando Norris breathing... Read More »
53m ago from GrandPrix247.com
