bambino trust

Ecclestone faces another Fraud charge over 2005 sale of F1 to CVC

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thejudge13 reported in an article Oct 9th “Ecclestone to load F1 with a mountain of debt” that German bank, Bayern LB was suing Bernie Ecclestone for $400m and that Ecclestone and his partners appeared to be cashing in as quickly as possible. Today Bluewaters, an investment fund has filed a lawsuit in New York against CVC, Bernie Ecclestone and BayernLB Gerhard Grikowsky. The claim is that Ecclestone conspired to prevent them from buying the rights to F1 in 2005.

Bluewaters says it had put together a bid for F1 for $1bn ahead of the CVC purchase which was to be funded by Alpolo Capital Management and King Street Capital Management. The claim states that Bluewaters had negotiated with the now imprisoned Gribkowsky of the Bayern LB bank, they were prepared to offer more than any other bidder for the sport.

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Quinghua in? Fernandes to step down? Austin Sherrifs unconcerned, Marko slates Webber, FIA needs $40m more, France GP – AGAIN!!! Turkey more likely in 2013, Wolff speaks about Senna,

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Marko critical of Webber: Our favourite German newspaper Bilde.de tells us today that Dr. Helmut Marko has pointed the finger at Mark Webber, after the Australian’s messy race in Abu Dhabi. at thejudge13 we think Webber was lucky not to be penalised for his move on Maldonado and his clash with Massa. After the race Webber himself admitted he should have stayed clear of the dueling Perez, DiResta and Grosjean and by not doing so ended his own race when he was too close to avoid the inevitable crash when it occurred.

Marco, not known for mincing his words says, “You can’t have more errors than that in one race. That was not a good day for him.” As if that’s not enough, Marco wants to make his opinion crystal clear telling us, “The start was no good, and the accidents were not good. It’s too bad, because it affects us in the constructors’ championship.” This is a slightly dramatic conclusion from Helmut as Red Bull will inevitably collect the 5 points they require to win the constructor’s title for the 3rd successive year.

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