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
Jorge Martin seals comeback from nightmare 2025: 'I'm...
No description available...
2h ago from Motorsport.com
Japan's MotoGP podium drought is over: The history...
No description available...
3h ago from Motorsport.com
Marc Marquez undergoes double surgery after nasty...
No description available...
4h ago from Motorsport.com
MotoGP French GP: Jorge Martin leads Aprilia podium...
No description available...
6h ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard finally gets IndyCar redemption...
No description available...
2h ago from Motorsport.com
David Malukas impressed with ‘proper move’ that...
David Malukas finished second in the Sonsio Grand Prix on Saturday,...
2h ago from MotorsportWeek.c...
McLaren chief brands Fernando Alonso Indy 500 failure...
McLaren CEO Zak Brown has identified Fernando Alonso's failure to qualify...
6h ago from MotorsportWeek.c...
Complete IndyCar championship standings after 2026...
No description available...
17h ago from Motorsport.com
Popular On TotalWRC.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
52m ago from Motorsport.com
Thierry Neuville nabs Portuguese win
Sebastien Ogier and Vincent Landais had their eighth Rally de Portugal...
4h ago from MotorsportWeek.c...
WRC Portugal: Thierry Neuville ends Hyundai’s...
No description available...
5h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal survive incredible late VAR drama to close in...
VAR had its biggest moment in Premier League history as Arsenal held on to...
1h ago from SkySports.com
'He just saved our season', 'He is not human' -...
David Raya has earned praise from fans on social media following his...
32m ago from SportsKeeda.com
Massive VAR controversy as West Ham’s 95th-minute...
The clash between West Ham United and Arsenal at the London Stadium ended...
22m ago from CaughtOffside.com
BBC pundit left baffled by Mikel Arteta's...
Danny Murphy has been left amazed by Mikel Arteta’s decision to...
1h ago from CaughtOffside.com
Comments
Hottest News
Charles Leclerc highlights the key to Lewis Hamilton's F1...
Charles Leclerc has "analysed every single... Read More »
52m ago from MotorsportWeek.com
Mercedes star George Russell put in his place over...
Mercedes F1 star George Russell has been severely... Read More »
1h ago from GPFans.com
Red Bull flaunts ‘big indication' to vindicate early...
Laurent Mekies points out the RB22's qualifying... Read More »
2h ago from MotorsportWeek.com
