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Ecclestone wins High Court battle with Constantin Medien
Associated Press Enlarge A judge has ruled in favour of Bernie Ecclestone in his High Court battle with German media company Constantin Medien over the sale of Formula One. The case was brought against Ecclestone and three other defendants by Constantin Medien, which claimed shares in the sport were undervalued when they were sold in 2006. Constantin Medien had an agreement with German bank BayernLB entitling it to 10% of the bank's stake if the shares were sold above a certain threshold which was not reached. Constantin Medien made a claim for damages of up to $140 million, which Mr Justice Newey dismissed. Constantin Medien also claimed German banker Gerhard Gribkowsky, another of the...
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11y ago from espnF1.com
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