Showing posts with label Bernie Ecclestone. Show all posts
Showing posts with label Bernie Ecclestone. Show all posts

Ecclestone: confirms F1 sale price agreed But the deal is not yet complete.

 Bernie Ecclestone
Godfather of Formula One supremo Bernie Ecclestone revealed that he had reached agreement on the price of Formula One, and that the decision to sell now in the hands of the company "CVC" royal.
Many of speculation indicated in the last seven months that the company "CVC", which owns 35 percent of the stock in the sport, has recently decided to sell its stake in Grand Prix racing.
But, in spite of rumors about several points of interest from America and China in buying a stake "CVC", it has not been announced for any developments on the subject.
In an interview with the newspaper "daily mail" on Sunday, Ecclestone pointed out that some developments have taken place in this direction.
"I think that the CVC will be taken sooner or later the decision to sell," said the British.
He completed: "There are parties willing to buy. In fact, the two have agreed on the price before. The ball is now in the court of« CVC »If you want to sell or not."
It comes speculation about the decision, "CVC" in the midst of changes experienced by the sport, where she was a lot of criticism about the decision-making that has left Formula One powerless to change the new qualifying law the controversial process.
Commenting on what has changed in Formula One under the new owners, Ecclestone said: "No one knows what might happen before they are purchasing process already. Will we have to cope with them?".

Bernie Ecclestone accused of bribery

Bernie Ecclestone accused of bribery
Directed on behalf of Munich officially charged to the owner of the commercial rights for the World Championship Formula One racing, the British Bernie Ecclestone, bribery by paying $ 44 million to a former official at the CBB «Bayern LLP is the Bavarian government.
The Guardian newspaper today that British prosecutors decided after two years of investigations charge to Ecclestone, who suspected that he pay a bribe to a German banker Gerhard Graybkovski, through the process of selling Deutsche Bank's share in the world championship of Formula 1.
And sits Graybkovski in prison since last year for failing to report the amount you earned it.

The latter team will not receive financial awards

Bernie Ecclestone
Bernie Ecclestone

Bernie Ecclestone announced owner of the commercial rights to Formula One World Championship and one that will provide financial awards for the first ten teams only as of the end of the current season.
There are 11 teams competing in the tournament now after the collapse of the team «HP. RSS. T» Ecclestone said the plan requires a return to reward the top ten teams in a scene will only portends a major raise to avoid last place.
Since 2010 got the teams that occupy the centers 11 and 12 also awards for the purpose of helping new teams to the tournament - which participated in the wake of the withdrawal of the giants Honda and Toyota and 'me. Mother. W. - to reduce their budgets.

And Bernie Ecclestone told Reuters'' This will be a catalyst for more teams to occupy among the top ten centers. It's like football where your level may rise for a while and then falls for another''.

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