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UK ‘fraud office’ considering Ecclestone probe
Bernie Ecclestone has refused to comment on reports he may be investigated by the UK’s serious fraud office (SFO). The F1 chief executive testified recently at Gerhard Gribkowsky’s high profile...
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FOTA unity was always doomed – Ecclestone
FOTA is failing due to the competitiveness of the formula one teams, according to Bernie Ecclestone. The teams’ alliance is reeling from the high profile loss of top teams Red Bull and Ferrari, due...
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F1 ‘in trouble’ before CVC deal – Mackenzie
Formula one was in “a lot of trouble” some years ago before the commercial rights were bought by CVC. That is the claim of Donald Mackenzie, who on Monday testified in Munich during the corruption...
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Wealth has not dimmed Brawn’s drive
Ross Brawn insists great wealth has not affected his drive to succeed. As team boss, the Briton bought Brackley based Honda for a nominal pound after the 2008 season, before ‘Brawn GP’ and Jenson...
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FOTA complaints led to ‘special deal’ report axe
“FOTA can’t sign anything with anyone” – Ecclestone Rival formula one teams complained when Sky News published a report suggesting Ferrari and Red Bull will receive special deals for the next Concorde...
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F1 racing ahead with $3bn floatation plans
F1′s plans to float on the Singapore stock exchange are continuing to harden. The sport’s majority owner CVC has reportedly lined up several banks – including UBS, RBS, Morgan Stanley, Goldman Sachs,...
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F1 warns shareholders about Ecclestone
Formula one is formally warning potential shareholders that a key to the sport’s health is 81-year-old Bernie Ecclestone. Pre-marketing for F1′s high profile Singapore floatation has begun, and a...
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Gribkowsky could admit F1 bribery – report
Gerhard Gribkowsky could be close to admitting his involvement in the F1 bribery affair involving Bernie Ecclestone. The former banker has been at the centre of the scandal, with German prosecutors...
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Prosecutors say Ecclestone corruption ‘accomplice’
German prosecutors on Wednesday appeared likely to press ahead with a corruption case against Bernie Ecclestone. Banker sentenced to jail for F1 bribery Until now, the F1 chief executive has been...
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Ecclestone – no fear of Hockenheim arrest
Bernie Ecclestone has denied suggestions he will not risk travelling to Germany next month. Bild newspaper indicated recently the F1 chief executive might skip the race after this weekend’s British...
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McLaren’s Vodafone backing in doubt – report
McLaren’s lucrative title sponsorship could be in doubt. The Financial Times reports that Vodafone, the British telecommunications national, “is reviewing” its major sponsorship deals. Vodafone is...
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Genii, the private equity fund that owns the Lotus team, is looking into...
Lotus owner Genii to spend big on football Team owners Gerard Lopez and Eric Lux are eyeing five second-tier European clubs as well as a dozen player agencies, academies and media rights companies, the...
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Di Grassi involved in FIA’s ‘Formula E’ plans
Pirelli tester and former Virgin race driver Lucas di Grassi is now involved in plans for the FIA’s new ‘Formula E’ category. The governing body’s president Jean Todt has signed a deal with Addax GP2...
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Todt denies FIA to lighten grip on F1
Jean Todt has dismissed suggestions he is willing to loosen the FIA’s grip on formula one in return for more money. Ahead of a crucial meeting between the FIA president, Bernie Ecclestone and the teams...
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Ecclestone ‘aggravated’ by worsening bribery scandal
Ecclestone said he is not planning to step down Bernie Ecclestone has confirmed reports that BayernLB – claiming the damages amid the Gerhard Gribkowsky bribery scandal – has asked him to pay $400...
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Company files $650m lawsuit against F1
A company has filed a $650 million lawsuit against formula one. Bluewaters Communications Holdings claims it was the high bidder to buy the sport in 2005. It is claimed CVC, F1′s current owner, was the...
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Ecclestone to pen $200m sponsor deal – report
Bernie Ecclestone is tipped to sign up the airline Emirates as a major F1 sponsor on a visit to Dubai on Tuesday. The Financial Times said the five year deal is worth “about $200m”, making it “one of...
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New title sponsor already decided – McLaren
Vodafone confirms McLaren exit McLaren on Thursday swiftly confirmed reports that Vodafone will definitely end its seven-year title sponsorship at the end of 2013. “Having met and exceeded all the...
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Todt suggests F1 teams’ cost agreement in doubt
“I think F1 does cost too much,” he acknowledged to the Financial Times. The future of the so-called ‘resource restriction agreement’ – a gentleman’s pact among teams to control costs – has moved under...
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F1 should not be singling out Bahrain controversy – Alonso
“We are more stoic, more phlegmatic (than last year).” Fernando Alonso has played down the significance of this weekend’s Bahrain grand prix, suggesting the sport should not be picking which of its...
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