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
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
6d ago from Motorsport.com
Why Jorge Martin burst into tears at MotoGP Hungarian...
No description available...
3d ago from Motorsport.com
Marc Marquez: ‘My exceptional 2025 MotoGP season...
No description available...
3d ago from Motorsport.com
Pedro Acosta owns up to qualifying “mess”, admits...
No description available...
1w ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers of the 2025 IndyCar Nashville...
No description available...
2h ago from Motorsport.com
Louis Foster secures 2025 IndyCar Rookie of the Year...
No description available...
4h ago from Motorsport.com
Early Nashville accidents claim IndyCar frontrunners...
No description available...
6h ago from Motorsport.com
Penske’s Josef Newgarden wins wild 2025 IndyCar...
No description available...
6h ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
9h ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
5h ago from Motorsport.com
Sebastian Ogier and Vincent Landais win inaugural...
After dropping over half a minute on the opening day to winning Rally del...
9h ago from MotorsportWeek.c...
Sebastien Ogier: Paraguay victory fight “not over”...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
Report: Midfielder undergoing medical ahead of...
It's been a really busy transfer window for Arsenal and deadline day is...
4h ago from FreshArsenal.com
Player ratings: Liverpool 1-0 Arsenal
Arsenal fell to their first defeat of the season after a closely contested...
5h ago from FreshArsenal.com
Arsenal expected to complete at least SIX deadline day...
Arsenal are set to be one of the busiest clubs on transfer deadline day,...
5h ago from FreshArsenal.com
Comments
Hottest News
Lewis Hamilton hammered with huge penalty for Italian Grand...
Lewis Hamilton crashed out of the Dutch Grand... Read More »
9h ago from RacingNews365.com
Isack Hadjar suffers trophy disaster after dream F1 podium
He might have just got an F1 podium, but it's a... Read More »
10h ago from RacingNews365.com
Kimi Antonelli replacement emerges at Mercedes
Kimi Antonelli should be replaced at Mercedes if... Read More »
10h ago from GPFans.com
