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Ecclestone ‘aggravated’ by worsening bribery scandal
Ecclestone said he is not planning to step down Bernie Ecclestone has confirmed reports that BayernLB – claiming the damages amid the Gerhard Gribkowsky bribery scandal – has asked him to pay $400...
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Ecclestone rules out ‘electric in the pitlane’ in 2014
Bernie Ecclestone is certain F1 cars will not be powered by electricity in the pitlanes of 2014. Actually, the electric-only idea is already enshrined in the incoming new turbo V6 rules. F1′s chief...
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F1 float on hold until 2014
F1′s plans to float on the stock exchange look set to sit idle on the grid for some time. Writing in the Telegraph, business journalist Christian Sylt said the sport’s owner CVC has now delayed the...
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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, F1′s current owner, was the...
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F1 owners could oust Ecclestone over bribery charge – reports
“Formula one could soon have a new ruler,” said the SID wire report. Bernie Ecclestone’s days at the helm of formula one could be numbered, reports by Germany’s Suddeutsche newspaper and the SID news...
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FIA completing push for more F1 revenue – report
One of the unnamed sources said the new CVC agreement will benefit the FIA to the tune of about $25 million. The FIA is close to completing a successful push for a bigger slice of F1′s financial pie,...
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Ecclestone admits scandal could cost him F1 job
Bernie Ecclestone has admitted his bosses at F1 owners CVC would probably oust him if he is pursued by German prosecutors. With convicted bribe recipient and ex F1 banker Gerhard Gribkowsky already in...
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Ecclestone awaits ‘amusing’ $100m trial appearance
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...
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F1 to proceed with float in October – source
Owner CVC looks set to proceed with the floatation of formula one later this year, according to F1 business journalist Christian Sylt. Late last year, Sylt said CVC had decided to continue to delay the...
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F1 owner CVC ‘milking’ money from sport – Fernley
Force India has lashed out at F1′s owner CVC, accusing the private equity firm of not being interested in developing the sport. The financial news agency Bloomberg quoted deputy team boss Bob Fernley...
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Still no F1 commercial deal for Marussia
“It’s vital for Bernie because he won’t be able to film us without it” -Booth The first race of the 2013 season came and went without Marussia signing a commercial agreement with the sport’s owners. In...
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Supermarket boss could ‘maybe’ run F1 – Ecclestone
Ecclestone is embroiled in the Gribkowsky corruption affair Bernie Ecclestone has failed to deny rumours Justin King, the 51-year-old British boss of supermarket chain Sainsbury’s, is being lined up to...
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Loss of F1 income ‘really hurts’– Marussia
“We can confirm we’ve not had any offer from CVC at all.” Pat Symonds has admitted Marussia’s loss of Concorde Agreement revenue “really hurts”. F1 boss Bernie Ecclestone announced recently that, from...
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Ecclestone to be charged for bribery – report
Munich prosecutors and Ecclestone’s lawyers declined to comment Munich prosecutors could be set to formally charge Bernie Ecclestone for bribery, the Suddeutsche Zeitung newspaper reports. The German...
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German prosecutors charge Ecclestone with bribery
“Munich has filed charges against Bernie Ecclestone” German prosecutors have charged Bernie Ecclestone with bribery, the Suddeutsche Zeitung newspaper reports in its Wednesday edition. Earlier, the...
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Ecclestone not quitting after German bribery charge
“All I know is, I am innocent.” Bernie Ecclestone has played down the notion he might quietly retire off the back of his German bribery charges. Although F1′s 82-year-old chief executive and his Munich...
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Most teams struggling to survive – Fernley
He slammed F1′s owners, the private equity company CVC. Bob Fernley, Force India’s deputy boss, has admitted the Silverstone based team is in danger of being swallowed up by F1′s rising costs. But,...
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Big spenders pushing out smaller teams – Mallya
Fernley said CVC has done an “awful” job Force India team owner Vijay Mallya has backed his deputy in claiming F1′s biggest teams are pushing their small rivals out of the sport. Deputy team boss Bob...
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Todt backs Ecclestone amid corruption charge
“He has every right to his job and he does it very well.” FIA president Jean Todt has backed Bernie Ecclestone, as German prosecutors prepare to charge the F1 chief executive for corruption. It has...
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Ecclestone says only jail a threat to F1 top job
“They’re quite laid-back. They’re not panicking.” Bernie Ecclestone insists looming bribery charges do not immediately threaten his job at the helm of formula one. It had been claimed that when German...
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