News Details

Ecclestone wins Formula 1 damages case

– Bernie Ecclestone has prevailed in the damages case brought on by German media group Constantin Medien, which had been suing the Formula 1 supremo and other defendants for up to £85 million ($140 million) after claiming that it lost out during the sale of the sport back in 2006. Ecclestone, 83, was accused of entering into a corrupt agreement with German banker Gerhard Gribkowsky, who is now serving an eight and a half year jail sentence, to direct the sale in the favour of a preferred buyer. Lawyers for Constantin Medien said the eventual sale of German bank Bayern LB's shares to private equity firm CVC Capital Partners was undervalued, and that is was completed "without the...
Full Story »
11y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Ecclestone wins F1 damages case

F1 boss Bernie Ecclestone wins High Court case after German media firm...
11y ago from BBC.co.uk

Big day for Ecclestone as verdict expected in $140...

Big day for Ecclestone as verdict expected in $140 million case 20...
11y ago from GrandPrix247.com

Ecclestone wins High Court case

Bernie Ecclestone has been cleared of accusations of bribery by a High...
11y ago from Crash.net

Ecclestone wins court case

Bernie Ecclestone has overturned a $140million damages claim from a German...
11y ago from SkySports.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Real Madrid Transfer News Roundup: Los Blancos eyeing...

Real Madrid travel to the Estadi Olimpic Lluis Companys on Sunday, May 11,...
1h ago from SportsKeeda.com

PL winner wants to join Arsenal or Chelsea in the...

Premier League winner with Manchester City, Leroy Sane, reportedly wishes...
4h ago from SportsKeeda.com

Liverpool about pride (and points) + summer transfer...

Morning. It's quite difficult to preview a game that ultimately is more or...
6h ago from Arseblog.com

Arsenal perform U-turn over first-team star's future...

Arsenal attacker Leandro Trossard has been linked with a move away from...
6h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.