Plans for a stock market flotation of Formula One motor racing remain stalled, its top shareholder said yesterday, as F1’s chief executive Bernie Ecclestone faces legal action that could break his long grip on the sport.

Formula One boss Bernie Ecclestone has been charged by German prosecutors for alleged bribery in connection with the sale of a stake in the global racing series.

A German bank is seeking damages from Formula One boss Bernie Ecclestone over the sale of its stake in the racing series it says was compromised by a bribe to one of its bankers.

A German banker has been jailed for eight years for taking a £28m bribe in connection with the sale of his bank’s stake in the Formula One racing series.

Formula One supremo Bernie Ecclestone today reiterated the sale of the sport that has led to legal cases on two different fronts was above board.

Formula One supremo Bernie Ecclestone has spoken to state prosecutors in Germany investigating alleged illegal payments to a former German bank executive.

Berlin: Inflation in Germany accelerated to the fastest in more than two years in January, led by higher costs for food and energy.

A FORMER bank executive has been arrested in Germany for allegedly accepting a €38 million bribe in the 2006 sale of a stake in the Formula One’s rights holding company.

A former bank executive has been arrested in Germany for allegedly accepting a $50m bribe in the 2006 sale of a stake in the Formula One’s rights holding company.

An official tonight said that Germany’s BayernLB bank will seek a capital injection of up to €5.4bn from the federal government.

Bernie Ecclestone believes Formula One’s future is bright despite selling his stake in the sport.

Bernie Ecclestone will remain in control of Formula One, despite selling his shares in the sport’s parent company.

Bernie Ecclestone has sold his shares in Formula One’s parent company.

FORMULA One commercial rights holder Bernie Ecclestone made it clear yesterday that a potential takeover of the sport by a Hong Kong-based conglomerate would not be welcome.

Formula One commercial rights holder Bernie Ecclestone today made it clear a potential takeover of the sport by a Hong Kong-based conglomerate would not be welcome.

The conglomerate that owns Superdrug and mobile phone operator 3 was today reported to be preparing a $1bn (€828m) bid to buy Formula 1.

A GROUP of three banks has wrested control over the companies controlling Formula One’s commercial rights from supremo Bernie Ecclestone, the German state bank BayernLB said.