News Details
Ecclestone wins High Court battle
Bernie Ecclestone has won his multi-million dollar case in the High Court despite the judge calling it a "corrupt agreement".
Last year, Ecclestone found himself in the High Court after Constantin Medien sued the F1 supremo to the tune of $144 million.
The German media company claimed that was the amount they lost when Ecclestone allegedly undervalued Formula One's worth when it was sold to CVC Capital Parnters in 2006.
Constantin Medien were set to receive a 10 per cent stake if the sport had been sold for more than $1.1bn but they did not receive a cent as German bank BayernLB sold it for $814m.
The company's claims stem from the bribery case in Germany in which former banker...
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11y ago from PlanetF1.com
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