News Details
Claims against Bernie Ecclestone dismissed in High Court
Bernie Ecclestone has been cleared in a High Court case surrounding the sale of Formula One to CVC back in 2005 after the judge ruled that the 83-year-old had not sought to undervalue the sport.
Ecclestone has been embroiled in this case after German media group Constantin Medien AG, a former shareholder in the sport, claimed that it lost out on a sizeable sum of money when the sport was sold to CVC. German banker Gerhard Gribkowsky – who has already been sentenced to eight years in prison – was bribed by Ecclestone reportedly in order to ensure the sale of the sport to CVC. The group had lobbied a $144m claim.
The judge presiding over the case, Mr. Justice Newey, acknowledged...
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11y ago from RichlandF1.com
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