Bernie Ecclestone insists CVC, the owners of formula one’s commercial rights, are “very happy” to keep him in charge of the sport. That is despite the fact the 82-year-old has ...
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Ecclestone bosses to ‘monitor’ bribery case
Bernie Ecclestone’s bosses have admitted they will “monitor developments” in the German corruption affair. On Wednesday, it emerged that the F1 chief executive has finally been served with bribery charges ...
Read More »Ecclestone receives bribery indictment
Bernie Ecclestone has been formally charged by German prosecutors for bribery, it emerged on Wednesday. It has been known since May that the Munich prosecutors decided to indict the F1 ...
Read More »F1 owner CVC votes to keep Ecclestone despite charges
F1’s owners have voted to keep Bernie Ecclestone at the helm of the sport, despite reports German prosecutors have decided to charge him with bribery. The bribery case surrounds a ...
Read More »Lehman Brothers selling 15pc F1 share
F1 could be set to get some new shareholders, amid reports the collapsed US bank Lehman Brothers wants to sell its stake within two years. The bank, which is being ...
Read More »F1 owner denies replacing Ecclestone
F1 owner CVC on Sunday insisted it has no plans to replace the sport’s chief executive Bernie Ecclestone. The one line media statement, reported by Bloomberg, made reference to recent ...
Read More »F1 owner CVC launches Gribkowsky bribe investigation
F1’s owner has launched an investigation into the takeover of the sport five years ago. The news comes after banker Gerhard Gribkoswky was jailed on charges surrounding his receipt of ...
Read More »Report – Banker paid $50m for F1 power role?
According to a report in the German press, a banker became a multi-millionaire following his links to formula one’s commercial rights. Before the rights were sold to CVC Capital Partners ...
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