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.
Jul 29, 2015, 6:05 PM EDT
IndyCar penalizes Honda for five engines that did not “attain their life cycle.”
Jul 29, 2015, 5:10 PM EDT
Rahal is second in the points and takes his career best season to his home track of Mid-Ohio.
Jul 29, 2015, 2:37 PM EDT
Johnson will make his first start of 2015 this weekend at Mid-Ohio.
Jul 29, 2015, 1:10 PM EDT
Simon Pagenaud looking for first top-fin finish since Detroit race one.
Jul 29, 2015, 12:02 PM EDT
In eight IndyCar races at Mid-Ohio, Scott Dixon has a record five wins.
Jul 29, 2015, 9:00 AM EDT
There’s still a good seven to 10 high-quality drivers without a win in IndyCar, 2015, who could add to the list of winners.
Marcos Ambrose looks to salvage lost season in V8 Supercars, has had no issues ‘moving on’ from NASCAR
Jul 28, 2015, 8:50 PM EDT
Even though it has been pretty much of a lost season for him in Australia’s V8 Supercars series, Marcos Ambrose believes he can still find some success before the racing year is over.
‘Race With Restraint’ proves grassroots racers want, will use more safety equipment at affordable rate
Jul 28, 2015, 6:56 PM EDT
The first attempt at bringing top-of-the-line safety equipment to the grassroots racing masses was an unqualified success.
Jul 28, 2015, 4:32 PM EDT
Hector Arana Jr. hopes 2015 is about time to finally be his time.
Jul 28, 2015, 3:45 PM EDT
Fast facts heading into this weekend’s Honda Indy 200, courtesy of IndyCar PR staff.
Jul 28, 2015, 2:50 PM EDT
To paraphrase Mark Twain, rumors of the demise of NHRA’s Pro Stock class have been greatly exaggerated.
Jul 28, 2015, 12:31 PM EDT
Simon Pagenaud swaps firesuit for street clothes when driving the Penske Truck Rental truck, playing “mover” this weekend.
Jul 28, 2015, 11:38 AM EDT
The latest car for Austin Cindric is a Lamborghini at Mid-Ohio this weekend.
Jul 28, 2015, 11:23 AM EDT
Zanardi still wants to race the Indy 500, if possible.
Jul 28, 2015, 11:04 AM EDT
Singapore Grand Prix circuit to adjust Turns 11 to 13.
Jul 28, 2015, 10:15 AM EDT
Sherwin-Williams joins the Hulman Motorsports family as Official Paint and Finishing Partner.
Jul 28, 2015, 9:55 AM EDT
We check in with NBCSN IndyCar analyst Townsend Bell for latest “Ten with Townsend” insights, post the Iowa race and heading into Mid-Ohio.
Jul 27, 2015, 4:51 PM EDT
Good news, Ricciardo made the podium. Bad news, his trophy didn’t survive it.
Jul 27, 2015, 4:09 PM EDT
Jakes kept his visor down after all on a pit stop in Iowa.
Jul 27, 2015, 3:13 PM EDT
A quick look back at Chaves’ short track debut.
- It’s “never-say-die” for Graham Rahal with three races left 0
- Paralyzed driver Michael Johnson returning to track in Pro Mazda 0
- Simon Pagenaud ‘agonizingly close’ to wins at Mid-Ohio, not to success in 2015 0
- With three races left, who could still win in IndyCar, season 2015? 1
- Marcos Ambrose looks to salvage lost season in V8 Supercars, has had no issues ‘moving on’ from NASCAR 6
- NHRA: Big changes coming to Pro Stock this weekend, next season 20
- Report: Alex Zanardi keen to make Indianapolis 500 debut 7