Bernie being sued for $297m

Mon, 18 September 2006, 11:41

Bernie Ecclestone and F1’s parent company are being sued in the High Court for a staggering $297m.

Swiss company Kamos-Finanz is seeking the unpaid debt, including interest, after Ecclestone’s family trust took out a loan in 2001, according to the Independent newspaper.

Reportedly, the loan helped to fund the 100-year lease of F1’s commercial rights.

”(F1 company) SLEC and (Ecclestone’s family trust) Bambino declined to comment,” the British broadsheet wrote.


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