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SBD Global/September 26, 2012/Leagues and Governing Bodies
New Jersey F1 Grand Prix In Serious Doubt After Organizers Lose Contract
Published September 26, 2012
WHERE'S MY MONEY?: In Munich, Klaus Ott reported that German bank and former F1 shareholder BayernLB "is looking into whether it can recover millions from Ecclestone." The push for damages follow claims of jailed banker Gerhard Gribkowsky that Ecclestone "only received commission as the direct result of bribery." A BayernLB spokesperson said, "We have requested access to the files." The damages could amount to €41M ($53). Ecclestone's lawyers "have reportedly filed an application to block the request, leaving it to a Munich court to decide" (SÜDDEUTSCHE ZEITUNG, 9/24).