News Details
Ecclestone wins court case
Bernie Ecclestone has overturned a $140million damages claim from a German media company after the High Court ruled that he and his co-defendants had not deliberately undervalued Formula 1's commercial rights when they were sold eight years ago.The case, which was heard late last year, concerned the rights sale to current controllers CVC Capital Partners in 2006. They acquired them for a total of $2billion, with a 47.1 per cent stake bought from German bank BayernLB.
In turn, Constantin Medien had an agreement with BayernLB entitling it to 10 per cent of the proceeds if the F1 stake sold for more than $1.1bn. However, they received nothing because CVC paid $814m for it.
The company...
Full Story »
Full Story »
11y ago from SkySports.com
0
You May Also Be Interested In...
Telefónica to launch dedicated F1 channel after...
Telefónica to launch dedicated F1 channel after agreeing rights deal 14...
11y ago from GrandPrix247.com
Ecclestone daughters lavish lifestyles also lead to...
Ecclestone daughters lavish lifestyles also lead to court 15 February,...
11y ago from GrandPrix247.com
Horner ends speculation over Ecclestone succession
Horner ends speculation over Ecclestone succession 14 February, 2014...
11y ago from GrandPrix247.com
Bernie Ecclestone steps down as head of Formula One...
Berlin: Bernie Ecclestone will step down as the head of Formula...
11y ago from NDTVSports.com
Elsewhere On The Network
Popular On MGPToday.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
5h ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
8h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren officially opens doors to new home in...
No description available...
21h ago from Motorsport.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
1d ago from MotorsportWeek.c...
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
4h ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
2w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal & Real Madrid queue for 90m star as agent...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
25m ago from CaughtOffside.com
Arsenal plot summer coup for 'incredible' talent who...
Arsenal are interested in signing the Bournemouth attacker Eli Junior...
15m ago from CaughtOffside.com
Arsenal latest: Merson - Gunners players don't trust...
No description available...
1h ago from SkySports.com
Has the Premier League's TV Deal Made Mid-Table Clubs...
The Premier League’s 2025-29 deal was worth £6.7 billion. Have the vast...
3h ago from CaughtOffside.com
Comments
Hottest News
F1: Engine row reaching crisis point?
Before a wheel has turned in anger, the start of... Read More »
4h ago from Pitpass.com
Red Bull F1 team see 'multiple staff exit' ahead of 2026...
Red Bull F1 team have reportedly seen even more... Read More »
1h ago from GPFans.com
The Ferrari F1 signing who never made his debut
It is 15 years to the day since former F1 star... Read More »
55m ago from GPFans.com
