Bernie Ecclestone thinks a forthcoming $100m trial will be “amusing”. The F1 chief executive and others, including convicted bribe recipient Gerhard Gribkowsky, are being sued by the sport’s former co-owners ...
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F1 owners could oust Ecclestone over bribery charge – reports
Bernie Ecclestone’s days at the helm of formula one could be numbered, reports by Germany’s Suddeutsche newspaper and the SID news agency claim. “Formula one could soon have a new ...
Read More »Company files $650m lawsuit against F1
A company has filed a $650 million lawsuit against formula one. Bluewaters Communications Holdings claims it was the high bidder to buy the sport in 2005. It is claimed CVC, ...
Read More »Ex-CART boss tips CVC to ‘sit tight’ amid F1 corruption scandal
Former motor racing chief Andrew Craig has tipped F1’s owners to “sit tight” rather than float the sport while Bernie Ecclestone is embroiled in the Gerhard Gribkowsky bribery scandal. While ...
Read More »F1 warns shareholders about Ecclestone
Formula one is formally warning potential shareholders that a key to the sport’s health is 81-year-old Bernie Ecclestone. Pre-marketing for F1’s high profile Singapore floatation has begun, and a prospectus ...
Read More »CVC sells some of F1 stake
Even ahead of F1’s Singapore floatation, the sport has some new owners. Reuters, the specialist financial market news agency, said US-based asset managers Waddell and Reed, Blackrock and Norway’s Norges ...
Read More »F1 racing ahead with $3bn floatation plans
F1’s plans to float on the Singapore stock exchange are continuing to harden. The sport’s majority owner CVC has reportedly lined up several banks – including UBS, RBS, Morgan Stanley, ...
Read More »CVC to sell 20pc of F1 for $2bn – report
More details about formula one’s planned stock market floatation have emerged. Bloomberg, the financial news agency, said majority owner CVC is seeking $2 billion by floating “about 20 per cent” ...
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