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 »
11y 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...
11y ago from F1Zone.net
Ecclestone, Di Montezemolo reappointed to F1 board
Bernie Ecclestone has been reappointed to the board of Formula 1's...
11y ago from TheF1Times.com
Bernie Ecclestone lives to fight another day
Enduring Formula 1 ruler Bernie Ecclestone has regained a position of...
11y ago from SpeedCafe.com
Ecclestone takes swipe at trial outcome with Christmas...
Lawyer Sven Thomas talks to his client Bernie Ecclestone during their...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
VR46 an option for Pedro Acosta, but priority is a...
No description available...
13h ago from Motorsport.com
Can Aprilia dethrone Ducati in the 2026 MotoGP title...
The conclusion of the 2025 MotoGP season saw an unprecedented level of...
15h ago from MotorsportWeek.c...
Aprilia reveals 2026 MotoGP bike for Marco Bezzecchi...
No description available...
18h ago from Motorsport.com
Aprilia Racing presents 2026 MotoGP livery
Aprilia Racing kicked off 2026 by unveiling its newest MotoGP livery in...
18h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Grand Prix of Long Beach set for leadership change
No description available...
12h ago from Motorsport.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
11h ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
13h ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 11: Mattias Ekstrom leads Ford...
No description available...
18h ago from Motorsport.com
Dakar 2026, Stage 10: Mathieu Serradori wins as Nasser...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Berta eyes bold move, Arsenal poised to trump rivals...
Arsenal are very interested in signing the Rennes defender Jeremy Jacquet....
9h ago from CaughtOffside.com
'I didn’t think he had it in him' - Jimmy Floyd...
Former Chelsea hitman Jimmy Floyd Hasselbaink has said that he had doubts...
11h ago from SportsKeeda.com
Nottingham Forest vs Arsenal Prediction and Betting...
The Premier League is back in action with another round of matches this...
10h ago from SportsKeeda.com
Eking more out of the Arsenal attack
I listened with great interest to the half-season data review on the...
13h ago from Arseblog.com
Comments
Hottest News
Red Bull Racing unveil livery of their 2026 Formula 1 car,...
During an event held in Detroit, Red Bull Racing... Read More »
1h ago from GrandPrix247.com
In photos: Racing Bulls reveal modified F1 2026 livery
Racing Bulls has become the first team to show... Read More »
2h ago from RacingNews365.com
Red Bull pulls cover off 2026 F1 livery in glitzy Detroit...
Red Bull has become the first F1 team to pull... Read More »
2h ago from MotorsportWeek.com
