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 22, 2014, 3:04 PM EDT
In statement, Alexander Rossi takes the high road after missing out on Grand Prix debut with Marussia in Spa.
Aug 22, 2014, 2:41 PM EDT
Late in the 50-minute session, the Roush Fenway Racing driver zipped around the half-mile oval at 131.048 mph in the No. 17 Ford Fusion.
Aug 22, 2014, 2:00 PM EDT
Here’s today’s round-up from the paddock at Spa-Francorchamps.
Aug 22, 2014, 1:30 PM EDT
In the year of the power unit, Spa is rewarding the Mercedes-powered teams.
Aug 22, 2014, 1:27 PM EDT
Russian GP3 debutante Konstantin Tereschenko goes for a wild ride at Spa, but mercifully emerges unscathed.
Aug 22, 2014, 1:16 PM EDT
The Chip Ganassi Racing driver turns a lap of 131.083 mph around the high-banked half-mile to lead Friday’s first practice session.
Aug 22, 2014, 1:00 PM EDT
As good as he may be, is Max Verstappen too young to be racing up against drivers twice his age?
Aug 22, 2014, 12:30 PM EDT
Son of ex-racer Jos set to become the youngest ever F1 driver next season at the age of 17.
Aug 22, 2014, 12:15 PM EDT
At 13th on the Chase Grid with three regular season races left, the former Sprint Cup champion isn’t feeling the need to choose between going for a win or having a good points day.
Aug 22, 2014, 12:00 PM EDT
Mercedes once again dominated practice, finishing first and second in both sessions on Friday at Spa.
Aug 22, 2014, 11:30 AM EDT
Lotus being punished by Spa’s high-speed nature.
Aug 22, 2014, 11:22 AM EDT
Without IndyCar on track on Friday, Friday will be an abnormal day on track at Sonoma Raceway.
Aug 22, 2014, 11:15 AM EDT
When he’s not racing in Red Bull Global Rallycross, Scott Speed shows Kristen Kenney the way around a golf course.
Aug 22, 2014, 11:00 AM EDT
Lotus driver crashed hard in FP2, but said that it looked bigger than it actually was.
Aug 22, 2014, 10:45 AM EDT
Ortho will debut on the No. 16 car next weekend at Atlanta Motor Speedway and make two more appearances this year before becoming an “anchor partner” of the team in 2015.
Aug 22, 2014, 10:30 AM EDT
Immediately on the pace despite not having driven an F1 car in over ten years.
Aug 22, 2014, 10:00 AM EDT
Defending F1 world champion is concerned about penalties due to engine component changes later in the season.
Aug 22, 2014, 9:32 AM EDT
Another practice, another Mercedes one-two…
Aug 22, 2014, 7:45 AM EDT
Will Rosberg and Hamilton continue to lead the way during practice at Spa?
Aug 22, 2014, 7:20 AM EDT
All of the latest news and interviews from the paddock at Spa-Francorchamps ahead of this weekend’s Belgian Grand Prix.
- Rossi disappointed, but diplomatic, after Marussia no-go 0
- Hamilton strikes back to top FP2 ahead of Rosberg in Belgium 0
- F1 Paddock Pass: Belgian Grand Prix (VIDEO) 0
- Rosberg leads Hamilton in first Belgian GP practice 0
- Chilton to race in Belgium after all; Rossi denied F1 debut 4
- WATCH LIVE: FP1 for the Belgian Grand Prix 0
- After 62 starts, Brad Keselowski finally earns first career Trucks win at Bristol 0