News Details
CVC boss says Ecclestone drove hard bargain over F1 sale
Bernie Ecclestonewith Donald Mackenzie
Formula 1 supremo Bernie Ecclestone persuaded private equity fund CVC to double its initial valuation when it was buying a stake in the motor racing business, CVC's co-chairman told a German court on Wednesday.
Ecclestone, 83, is on trial for bribery, accused of channelling $44 million to a German banker in return for smoothing the sale to CVC which became the largest shareholder in Formula One in 2006.
Ecclestone, who denies wrongdoing, could face up to 10 years in prison if found guilty and a conviction would end his long grip on a business he helped to create. The prosecution alleges that Ecclestone wanted CVC to take control as it meant he could...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Ecclestone's bribery trial extended
Bernie Ecclestone
Formula 1 chief executive Bernie Ecclestone's Munich...
11y ago from GrandPrix247.com
Witness gives Ecclestone good day in court
Bernie Ecclestone's defence got a boost on Tuesday, as the corruption...
11y ago from GrandPrix.com
Ecclestone has a good day in court
Bernie Ecclestone in court
Formula 1 supremo Bernie Ecclestone had a good...
11y ago from GrandPrix247.com
Another witness backs Ecclestone's bribery defence
Bernie Ecclestone with Gerhard Gribkowsky during the 2005 Italian GP...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: “We can’t always rely on Marc Marquez to...
No description available...
2h ago from Motorsport.com
Gresini Racing exploring potential Honda MotoGP...
Gresini Racing are exploring a potential reunion with Honda as a...
21h ago from MotorsportWeek.c...
How Marco Bezzecchi dominated the Brazilian MotoGP to...
New MotoGP championship leader Marco Bezzecchi overcame a "really...
1d ago from MotorsportWeek.c...
What made Aprilia so dominant in Brazilian GP after...
No description available...
20h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
2d ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
6d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
6d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Takamoto Katsuta backs Kalle Rovanpera to “come back...
No description available...
21h ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
3d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal lead race for French wonderkid as Premier...
Arsenal are intensifying their pursuit of highly rated Lille midfielder...
27m ago from CaughtOffside.com
Martin Odegaard 'very frustrated and grumpy' after...
Norway head coach Stale Solbakken has stated that Arsenal star Martin...
2h ago from SportsKeeda.com
The ghost of Aprils past: is Arsenal’s title anxiety...
Gunners have a nine-point lead in the Premier League. But recent run-ins,...
2h ago from TheGuardian.com
David Squires on … big calls and cheeky Cherki at...
No description available...
1h ago from TheGuardian.com
Comments
Hottest News
Max Verstappen F1 reign could end at 2026 Japanese Grand...
The Japanese Grand Prix is one of the best racing... Read More »
2h ago from GPFans.com
F1: Vasseur stands firm on starts
It's 'case closed' as far as Fred Vasseur is... Read More »
38m ago from Pitpass.com
EXCLUSIVE: Lewis Hamilton in a Ferrari at the Nurburgring?...
According to Nurburgring expert Mischa Charoudin,... Read More »
37m ago from GPFans.com
