News Details
Ecclestone legal costs accelerate to more than £20m
Formula One boss Bernie Ecclestone says that his legal costs in the High Court case which he won last week have accelerated to more than £20m according to an article in the Daily Mail written by Christian Sylt.German media rights firm Constantin Medien accused Ecclestone of conspiring to undervalue F1 when it was sold to the private equity firm CVC for $2bn in 2006.As the losing party, Constantin will have to cover Mr Ecclestone's costs unless the judge decides otherwise. 'My costs are bloody expensive. It is going to cost them more than £20m. I hope they will be able to pay,' says Ecclestone.According to testimony by Constantin board member Dieter Hahn, its lawsuit was funded...
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10y ago from Pitpass.com
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