News Details
Ecclestone in £1bn tax fight
F1 supremo Bernie Ecclestone faces a £1bn tax bill after HMRC launches fresh challenge. Tax officials in the UK have issued a demand for more than £1bn in a case that stems from the Bambino Trust set up by Ecclestone in 1997 in Liechtenstein. While Ecclestone is understood to have come to an agreement with HM Revenue and Customs in 2008, paying an alleged £10m settlement, the trial of former BayernLB banker Gerhard Gribkowsky and subsequent legal cases in Germany, spurred the tax man into action resulting in a new bill for £1bn. The Bambino Trust, was set up for his (then) wife and daughters, and under the terms of the trust Ecclestone was to have no influence on...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
Stewart: Bernie will be missed but he will be replaced
Formula 1 legend Jackie Stewart predicts that the Bernie Ecclestone will...
10y ago from GrandPrix247.com
Ecclestone pushing to bring back screaming V8 engine
Bernie Ecclestone is continuing to rail against F1's modern-day engine...
10y ago from ThisIsF1.com
Ecclestone: These engines do not help F1 in any way
Formula 1 supremo Bernie Ecclestone is continuing his ongoing...
10y ago from GrandPrix247.com
FIA to outline Strategy Group results on Friday
F1 supremo Bernie Ecclestone and CVC chairman Donald Mackenzie The news...
10y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP announces Qatar round postponed until November
MotoGP has confirmed that Qatar's 10-12 April slot will be moved to 6-8...
11h ago from MotorsportWeek.c...
MotoGP postpones Qatar GP to November due to Middle...
No description available...
11h ago from Motorsport.com
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou “never felt safe” during Grand Prix of...
No description available...
41m ago from Motorsport.com
Complete IndyCar championship standings after Arlington
No description available...
41m ago from Motorsport.com
Official race results: 2026 IndyCar Grand Prix of...
No description available...
3h ago from Motorsport.com
IndyCar 2026 Arlington – Race Results
Kyle Kirkson won the 2026 IndyCar Java House Grand Prix of Arlington to...
3h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
3h ago from Motorsport.com
Taka-San: King of Kenya
At the 94th time of asking, Takamoto Katsuta and co-driver Aaron Johnston...
9h ago from MotorsportWeek.c...
“Proud” Ott Tanak, Kalle Rovanpera lead praise of...
No description available...
6h ago from Motorsport.com
WRC Safari Rally Kenya: Takamoto Katsuta scores...
No description available...
9h ago from Motorsport.com
Popular On GunnersToday.com
10 youngest goal scorers in Premier League as Arsenal...
On March 14, 2026, Arsenal prodigy Max Dowman etched his name into the...
31m ago from SportsKeeda.com
Arsenal hero Thierry Henry sums up feeling of watching...
Arsenal legend Thierry Henry has revealed his reaction to teenage...
5h ago from SportsKeeda.com
“It’s not over. Who said that?” - Guardiola...
Manchester City boss Pep Guardiola has sent a strong message to Arsenal on...
10h ago from SportsKeeda.com
Chelsea legend John Terry says Arsenal talent Max...
Chelsea legend John Terry compared Arsenal wonderkid Max Dowman to Lionel...
10h ago from SportsKeeda.com
Comments
Hottest News
Honda issue statement on Aston Martin 'excuse' after double...
Honda have reacted to yet another DNF for both... Read More »
1h ago from GPFans.com
Does F1 have a backup plan? FIA confirm review of...
The FIA's single seater director Nikolas Tombazis... Read More »
3h ago from GPFans.com
F1: Another perfect moment for Toto
Martine McCutcheon had one perfect moment, Toto... Read More »
1h ago from Pitpass.com
