{"id":17137,"date":"2012-11-20T07:05:22","date_gmt":"2012-11-20T12:05:22","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=17137"},"modified":"2012-11-20T07:05:22","modified_gmt":"2012-11-20T12:05:22","slug":"company-files-650m-lawsuit-against-f1","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/company-files-650m-lawsuit-against-f1\/","title":{"rendered":"Company files $650m lawsuit against F1"},"content":{"rendered":"<p>A company has filed a $650 million lawsuit against formula one.<\/p>\n<p>Bluewaters Communications Holdings claims it was the high bidder to buy the sport in 2005.<\/p>\n<p>It is claimed CVC, F1&#8217;s current owner, was the lower but successful bidder because of F1 chief executive Ecclestone&#8217;s alleged bribes to the now-jailed former banker Gerhard Gribkowsky.<\/p>\n<p>Gribkowsky, CVC and the German bank BayernLB were all named as defendants in the New York suit, the Financial Times, Bloomberg and cityam.com report.<\/p>\n<p>Bluewaters claims it offered in writing to pay 10 per cent more than all other bidders, but gave &#8220;no commitment&#8221; to keep Ecclestone in the top job.<\/p>\n<p>But when asked on Monday why the bid failed, Ecclestone said: &#8220;No idea.\u00a0 They probably didn&#8217;t give enough money.&#8221;<\/p>\n<p><span style=\"color: #888888;\"><em>\u00a9 RIF | GMM<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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, F1&#8217;s current owner, was the lower but successful bidder because of F1 chief executive Ecclestone&#8217;s alleged bribes to the now-jailed former banker Gerhard Gribkowsky. Gribkowsky, &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[59,4145,2637,5262,5340,2638],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/17137"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=17137"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/17137\/revisions"}],"predecessor-version":[{"id":17138,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/17137\/revisions\/17138"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=17137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=17137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=17137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}