Feb 20, 2014, 9:23 AM EDT
A High Court case involving the sale of Formula One has seen the judge, Justice Guy Newey, dismiss charges of an £85 million damages claim against Bernie Ecclestone. However, the court did still say the deal was corrupt.
Ecclestone was involved in the sale of F1 to CVC Capital Partners in 2005, and the issue at hand was whether the sale was “undervalued.” It was a claim made by lawyers for the German media group Constantin Medien, who argued the sale was agreed “without the normal and proper process” and for an undervalued price. They also sought the damages amount (£85m; 103m euros) in compensation, per the BBC.
Newey said the deal was corrupt and hadn’t found Ecclestone, 83, “reliable or truthful,” but did say Constantin Medien had not suffered a financial loss as a result.
The other major pending legal issue facing Ecclestone is the bribery charge, for an alleged bribe to German banker Gerhard Gribkowsky. That trial begins in April.
On an unrelated note but one also related to Ecclestone, he has denied that Sainsbury’s departing CEO, Justin King, will replace him in running F1, in a story written by The Guardian’s Christian Sylt.
King is a known motor racing fan, but per the story, his primary focus is on furthering son Justin King’s career. The younger King reigned as champion of British Formula 3 in 2013.
Aug 1, 2014, 10:00 AM EDT
Brazilian driver confident that tracks such as Spa, Monza and the Circuit of the Americas will suit the FW36 car.
Aug 1, 2014, 9:15 AM EDT
The DeltaWing team makes new shop upgrades as it plans for the future.
Aug 1, 2014, 9:00 AM EDT
Sauber driver believes the sport would benefit from more running outside of a grand prix weekend.
Aug 1, 2014, 8:15 AM EDT
Mike Conway will make long-awaited Toyota debut in FIA WEC at Austin next race.
Aug 1, 2014, 7:45 AM EDT
Inside joke goes a bit too far for NASCAR ahead of truck race in Pocono this weekend.
Aug 1, 2014, 7:30 AM EDT
Force India owner confident of battling with Williams, Ferrari and McLaren until the end of the season.
Jul 31, 2014, 9:11 PM EDT
The Acura TLX-GT will make its debut at Mid-Ohio, later than planned but still on Honda’s home weekend.
Jul 31, 2014, 5:48 PM EDT
More analysis on Dale Earnhardt Jr.’s new crew chief, Greg Ives, took center stage on Thursday’s NASCAR AMERICA on NBCSN.
Jul 31, 2014, 4:59 PM EDT
Thursday’s NASCAR AMERICA lineup…
Jul 31, 2014, 4:00 PM EDT
Malaysian FIA Formula E round moves from October to November to accommodate prime minister’s wishes.
Jul 31, 2014, 2:32 PM EDT
Ryan Hunter-Reay and Simon Pagenaud look to make headway on Team Penske teammates, while Chip Ganassi Racing seeks a six-pack of Mid-Ohio wins this weekend.
Jul 31, 2014, 1:45 PM EDT
Anthony Richardson bills himself as the Bad British Commentator, and it definitely shows through here with his malapropisms and complete lack of understanding of the sport and world of NASCAR.
Jul 31, 2014, 1:00 PM EDT
There may not be wholesale changes, based upon what NASCAR chairman Brian France said recently, but next year’s Sprint Cup schedule will look different. Based upon various sources and things we’ve heard and/or read, we’re going to chime in with our ideas and why we think that way.
Jul 31, 2014, 12:00 PM EDT
With six qualifying races left, a total of 10 more spots remain to be clinched to fill out the expanded 16-driver playoff field for this year’s 10-race Chase for the Sprint Cup.
Jul 31, 2014, 11:54 AM EDT
Legendary NASCAR driver Mark Martin is returning to Roush Fenway Racing. But don’t expect Martin, 55, to get back behind the wheel any time soon.
Jul 31, 2014, 11:01 AM EDT
If you collect NASCAR memorabilia and someone approaches you in the coming days with a deal that seems too good to be true – especially if it involves merchandise related to either Dale Earnhardt Sr. or Dale Earnhardt Jr. – it probably is.
Jul 31, 2014, 10:50 AM EDT
Ferrari’s head of Engine and Electrics, Luca Marmorini, has left the team ahead of the second half of the season.
Jul 31, 2014, 9:59 AM EDT
NBCSN will present live coverage of the IndyCar Honda Indy 200 at Mid-Ohio this Sunday at 3 p.m. ET, highlighting more than 30 hours of motorsports coverage across NBC and NBCSN this weekend.
Jul 31, 2014, 9:52 AM EDT
If at first you don’t succeed, try, try again. That’s the case for the new design of the Toyota Camry for the 2015 Sprint Cup season.
Jul 31, 2014, 8:57 AM EDT
Ed Carpenter says he’d like to expand to two cars, but it remains to be seen if this can actually come to fruition.
- NASCAR AMERICA: Thursday round-up (VIDEO) 0
- IndyCar: A crucial weekend to commence at Mid-Ohio 1
- Mark Martin returning to Roush Fenway Racing in unique role 0
- NASCAR AMERICA: Wednesday Round-Up Includes Denny Hamlin Interview (VIDEO) 3
- Greg Ives to become crew chief for Dale Earnhardt Jr. next season 12