News Details
BayernLB files law suit against Ecclestone
– German bank BayernLB has confirmed that it has filed a law suit against Bernie Ecclestone in relation to the sale of Formula 1 in 2006.BayernLB claims that it lost out when its stake in the sport was sold to CVC Capital Partners eight years ago."BayernLB has filed a law suit against Mr. Ecclestone, the family foundation Bambino and others and is asking for damages of 345 million [$423 million] plus interest," a BayernLB spokesman is quoted by Reuters."When the bank's stake in Formula One was sold in 2005 and 2006 a board member was bribed. The sales contract was not negotiated, but it was finalised at terms dictated by Mr. Ecclestone, which were disadvantageous for...
Full Story »
Full Story »
10y ago from GPUpdate.net
0
You May Also Be Interested In...
Ecclestone re-appointed to F1 board
Bernie Ecclestone has been formally reappointed to the Formula 1 board...
10y ago from F1Zone.net
Ecclestone, Di Montezemolo reappointed to F1 board
Bernie Ecclestone has been reappointed to the board of Formula 1's...
10y ago from TheF1Times.com
Bernie Ecclestone lives to fight another day
Enduring Formula 1 ruler Bernie Ecclestone has regained a position of...
10y ago from SpeedCafe.com
Ecclestone takes swipe at trial outcome with Christmas...
Lawyer Sven Thomas talks to his client Bernie Ecclestone during their...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Portuguese GP: Alex Marquez shakes off Pedro...
No description available...
5h ago from Motorsport.com
Alex Marquez secures MotoGP Sprint victory in Portimao
Alex Marquez fended off a late charge from Pedro Acosta to seal his...
5h ago from MotorsportWeek.c...
Pedro Acosta: Portuguese GP sprint defeat step towards...
No description available...
3h ago from Motorsport.com
Max Verstappen on why MotoGP tempts him: "If I...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
2d ago from MotorsportWeek.c...
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
2d ago from MotorsportWeek.c...
Kyle Kirkwood signs multi-year IndyCar extension with...
Andretti Global has announced that Kyle Kirkwood has signed an extension...
5d ago from MotorsportWeek.c...
Marco Andretti announces retirement from racing, won't...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier and Elfyn Evans fight for Rally Japan...
Saturday was the longest day of the rally. Starting 10.2 seconds behind...
2h ago from MotorsportWeek.c...
Elfyn Evans: Heavy rain could turn WRC Rally Japan...
No description available...
8h ago from Motorsport.com
WRC Rally Japan: Sebastien Ogier responds to Elfyn...
No description available...
10h ago from Motorsport.com
WRC Rally Japan: Toyota 1-2 as Takamoto Katsuta...
No description available...
15h ago from Motorsport.com
Popular On GunnersToday.com
Man United and Arsenal target admits it 'would be a...
Karl Etta Eyong has been linked with the move to the Premier League in...
53m ago from CaughtOffside.com
LATE DRAMA! Arsenal STUNNED as Sunderland score...
Highlights from the Premier League match between Arsenal and Sunderland.
1h ago from SkySports.com
Sunderland v Arsenal: Premier League – live
Premier League updates from the 5.30pm GMT kick-off<br>⚽ <a...
2h ago from TheGuardian.com
“Weakest link”, “Say it quietly” - Arsenal...
Arsenal fans believe David Raya was to blame for the late equalizer they...
13m ago from SportsKeeda.com
Comments
Hottest News
F1 Qualifying Results: Brazilian Grand Prix times and grid...
Lando Norris topped the timesheets in Q1 of the... Read More »
2h ago from GPFans.com
São Paulo Grand Prix - Qualifying results
Full results from qualifying for the São Paulo... Read More »
1h ago from F1i.com
F1 2025 Brazil Grand Prix – Sprint Race Results
Lando Norris strengthened his grip on the F1... Read More »
6h ago from MotorsportWeek.com
