Chargement ...

F1 rights sale saga worsens for Ecclestone

The latest explosive details

Chargement ...

Bernie Ecclestone is the subject of ever-worsening claims about the sale of F1’s commercial rights five years ago.

It has already been alleged that it was the sport’s chief executive and long-time ’supremo’ who paid German banker Gerhard Gribkowsky a mysterious $50 million kickback.

And the latest explosive details have been published by the German weekly Der Spiegel.

The report said F1’s current owner CVC Capital Partners paid $837 million for the share of the rights that at the time was controlled by the Munich bank BayernLB.

But BayernLB reportedly only received $770 million.

Der Spiegel alleges that $40 million was received directly by Ecclestone, with the other $27m flowing to his family trust Bambino.

Chargement ...



Formula 1 news


>Alonso expects ’painful’ F1 triple-header

>’No decision’ about scrapping engine program - Briatore

>McLaren’s car now ’better’ than Red Bull’s - Verstappen

>Sainz: I just need a couple of days at home to take my decision

>FIA gives thumbs up to flexing front wings in Spain

More Formula 1news