Feb 20, 2014, 9:23 AM EST
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.
Mar 7, 2014, 9:12 PM EST
Vegas pole sitter Joey Logano also talks about the issue.
Mar 7, 2014, 8:03 PM EST
In the waning moments of the final round of qualifying, Logano ran a lap of 193.278 mph to take the pole from teammate Brad Keselowski.
Mar 7, 2014, 6:05 PM EST
“It’s not 100,000 from Las Vegas that will be sitting in these grandstands.” – KB
Mar 7, 2014, 4:55 PM EST
The Joe Gibbs Racing driver says that right now, he’s more focused on working with the new aero rules and qualifying format.
Mar 7, 2014, 4:20 PM EST
Crew chief Rodney Childers, driver Casey Mears, and the impact of the new rules package at Las Vegas are all part of today’s show.
Mar 7, 2014, 4:13 PM EST
Kurt Busch’s quest to become the first NASCAR driver in a decade to attempt the “Double” – racing in the Indianapolis 500 on May 25, and then flying to Charlotte to compete in that evening’s Coca-Cola 600 – just became even more challenging.
Mar 7, 2014, 3:47 PM EST
Edwards and his Roush Fenway teammates pick up the pace after a slow Thursday test.
Mar 7, 2014, 3:43 PM EST
For the next month or so, don’t be surprised if Greg Biffle starts to act a little like Dracula — a good Dracula, mind you.
Mar 7, 2014, 3:30 PM EST
With a full-season ride in the NASCAR Euro Series, 33-year-old Mathias Lauda is set to add to his eclectic resume.
Mar 7, 2014, 3:12 PM EST
If you’re fortunate enough to spend any length of time around him, you’ll quickly find Matt Kenseth has a very dry wit. Think of a cross between comedians Steven Wright and the late George Carlin – just not so over-the-top as Carlin was.
Mar 7, 2014, 3:00 PM EST
SBJ report says Verizon will back series for 10 years.
Mar 7, 2014, 2:30 PM EST
“I’m sure there’s going to be more tension…But that’s what it’s all about. That’s why these drivers and teams are the best in the world.” – Graham Rahal
Mar 7, 2014, 2:00 PM EST
Qualifying format change falls in line with other moves made by IMS/INDYCAR the last several months.
Mar 7, 2014, 1:30 PM EST
Out go Korea and India, in come Austria and Russia, changes made to the running order, a different season finale – and a new night race!
Mar 7, 2014, 1:00 PM EST
With all but two teams making changes to their line-up and three new rookies, the F1 grid is looking very different in 2014.
Mar 7, 2014, 12:52 PM EST
TV times and talent for Indy Lights, Pro Mazda and USF2000 in 2014.
Mar 7, 2014, 12:00 PM EST
What are going to be the main themes for the new Formula 1 season? Be it noses, double points, Bernie or Kimi, it promises to be an exciting one.
Mar 7, 2014, 11:00 AM EST
F1 tire supplier confirms eight testing days with teams in 2014, thus avoiding the ‘testgate’ scandal of 2013.
Mar 7, 2014, 10:37 AM EST
Two attempts for Indy qualifying required: one to get in, one to set starting order.
Mar 7, 2014, 10:00 AM EST
First target for Hulkenberg is to make it past the first lap at Albert Park, having failed to do so in three attempts.
- Joey Logano wins Vegas pole, Penske claims front row again 0
- 5 storylines that could define the 2014 F1 season 1
- Indianapolis 500 2014 Qualifying Format Revealed 5
- Schumacher “still in the wake up phase” 0
- Driver, team owner and now actor: Tony Stewart’s first edition of ‘Smoke is The Bandit’ is released (video) 0
- Instead of significant improvement, 2014 starting off the way 2013 ended for Danica Patrick (10)
- Kurt Busch gives IndyCar chance to show they’ve learned lesson on promotion (10)
- Alonso discovers an F1 take on Ellen’s Oscar “Selfie” (6)
- Chrysler orders nearly 100 pristine Dodge Vipers destroyed (6)
- Disastrous day for Red Bull as Vettel manages just half a lap (5)