News Details
Ecclestone refuses to settle with German bank
German bank BayernLB has threatened to sue Bernie Ecclestone for undervaluing Formula One as his lawyer says he has refused to settle with it according to an article in the Daily Telegraph by Christian Sylt.The dispute surrounds the sale of a controlling stake in F1 by BayernLB to the private equity firm CVC for £500m ($828m) in 2006. Last year Ecclestone was charged in Germany with paying a £26.6m ($44m) bribe to steer the sale to CVC and earlier this month he paid a settlement of £60.4m ($100m) to the prosecutors to end the case.BayernLB claims it lost out as higher bidders would have come forward if Ecclestone had not engineered the sale to CVC. He recently offered the...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Bank wants more cash from Ecclestone for settlement
Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP...
11y ago from GrandPrix247.com
Bank ‘not closed’ to higher Ecclestone settlement
Bank ‘not closed' to higher Ecclestone settlementPosted On 22 Aug...
11y ago from ThisIsF1.com
F1 boss Ecclestone pays to end trial
A German court has agreed to end the bribery trial of Formula 1 boss...
11y ago from BBC.co.uk
Ecclestone: We will be there
Bernie Ecclestone insists Formula 1 will be in Russia later this season...
11y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez sets 'same lap time’ with 2024 and 2025...
No description available...
9h ago from Motorsport.com
Alex Marquez to receive factory-spec Ducati for 2026...
Alex Marquez is set to be rewarded for his 2025 MotoGP efforts and...
11h ago from MotorsportWeek.c...
Alex Marquez to ride identical Ducati to Marc Marquez...
No description available...
1d ago from Motorsport.com
How Liberty Media's immersion in MotoGP intensified at...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Team Penske places David Malukas in the iconic #12...
Team Penske has announced that David Malukas will be joining the team and...
1d ago from MotorsportWeek.c...
Team Penske signs David Malukas in multiyear IndyCar...
No description available...
1d ago from Motorsport.com
The good, bad, and ugly of IndyCar's 2026 schedule
No description available...
3d ago from Motorsport.com
Zak Brown addresses three areas IndyCar can improve
McLaren CEO Zak Brown penned an open letter on Monday outlining his...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg wants “full season in WRC” after...
No description available...
5d ago from Motorsport.com
Why Elfyn Evans claims "everything is open"...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera: We need wins for WRC title chance...
No description available...
4d ago from Motorsport.com
WRC Rally Chile: Sebastien Ogier leads title race with...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Report: Euro giants hoping to raid Arsenal for...
Real Madrid are looking to improve their defensive unit with the signing...
32m ago from CaughtOffside.com
Arsenal vs Manchester City Prediction and Betting Tips...
The Premier League features a clash between two of its biggest teams this...
3h ago from SportsKeeda.com
'My word' – Former PL star names duo who've...
Former Liverpool and Aston Villa star Stan Collymore has heaped praise...
8h ago from CaughtOffside.com
Collymore's column: Alexander Isak's Liverpool debut,...
In his exclusive column for CaughtOffside, former Liverpool striker Stan...
9h ago from CaughtOffside.com
Comments
Hottest News
FIA issue Oscar Piastri penalty verdict after controversial...
The FIA have issued an F1 penalty verdict for... Read More »
5h ago from GPFans.com
Piastri and Norris on verge of MONSTER FIA penalty at...
F1 championship contenders Lando Norris and Oscar... Read More »
1h ago from GPFans.com
Oscar Piastri discovers stewards verdict as Lewis Hamilton...
Check out the biggest stories from the opening... Read More »
52m ago from RacingNews365.com
