Advertisement

Ecclestone wins court battle with German media firm

Bernie Ecclestone, 83, is thought to be worth nearly £2.3bn. Credit: PA

Formula 1 boss Bernie Ecclestone has won a multimillion-pound High Court fight with a German media company today.

A High Court judge ruled on the dispute between Mr Ecclestone, 83, and Constantin Medien at a hearing in London.

Mr Ecclestone was accused of entering into a "corrupt agreement" with a banker to facilitate the sale of the Formula 1 Group to a buyer chosen by him.

The judge said the payments made were a "bribe" but Constantin's claim still failed because it had been "no part" of Mr Ecclestone's purpose for shares to be sold at an "undervalue".

Mr Ecclestone was not at today's hearing.