News Details

Civil case against Ecclestone dropped

The New York Surpeme Court has dismissed a civil action against Bernie Ecclestone. Bluewaters Communications Holdings LLC, an American-based investment firm, was seeking damages to the amount of 650 million US dollars from the F1 supremo following the controversial sale of the sport's commercial rights to in 2006 to CVC. According to Bluewaters, the company might the highest for the 47 percent stake former shareholder Bayern LB sold and that Ecclesone was obliged to accept their offer. Instead, the stake in F1 was sold to CVC Capital Partners, because, Bluewaters claims, Ecclestone paid a bribe to Bayern LB's chief risk officer Gerhard Gribkowsky. The 650million Bluewaters was seeking...
Full Story »
12y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Relief for Ecclestone as US judge dismisses $650...

Relief for Ecclestone as US judge dismisses $650 million lawsuit 22...
12y ago from GrandPrix247.com

New York judge dismisses Ecclestone case

Bernie Ecclestone's legal woes have eased slightly, as it emerges a $650m...
12y ago from GrandPrix.com

Ecclestone avoids US lawsuit over F1 sale

He may be the subject of ongoing European proceedings relating to the...
12y ago from Crash.net

The curious timing of the announcement of the case...

Last week the world of Formula One was taken by surprise by the...
12y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Ryan Briscoe to coach RLL drivers, fueling speculation...

Rahal Letterman Lanigan Racing has announced that it has brought on two...
12h ago from MotorsportWeek.c...

Wienie 500 returns for second year in build-up to Indy...

Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...
16h ago from MotorsportWeek.c...

Alex Palou responds to McLaren court ruling

Alex Palou has been ordered to pay McLaren Racing over $12 million...

Popular On TotalWRC.com

Oliver Solberg crowned the youngest ever Rallye Monte...

Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...

Popular On GunnersToday.com

“The most fragile I’ve ever seen them” - Phil...

Phil Jones was unimpressed with the performances of Arsenal duo Gabriel...
1h ago from SportsKeeda.com

Some Tuesday thoughts and pictures and stuff …

Morning all. I have some thoughts about stuff today. Here they are in...
4h ago from Arseblog.com

Arsenal vs Kairat Prediction and Betting Tips |...

Arsenal take on Kairat at home in their final UEFA Champions League league...
19h ago from SportsKeeda.com

Player ratings: Arsenal 2-3 Manchester United

Arsenal crashed to a 3-2 defeat against Manchester United on Sunday...
23h ago from FreshArsenal.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.