LONDON, Dec 18 (Reuters) – Leading British bookmaker William
Hill plans to maintain its online betting base in
Gibraltar despite a tax clampdown that will cost it tens of
millions of pounds.
The company is one of many bookmakers which have set up
internet operations in Gibraltar, allowing them to sign up
British gamblers while benefiting from a benign local tax
I had Spurs down as dark horses for title at start of season
LONDON, Dec 13 (Reuters) – A British judge will rule next year on a $100 million damages claim brought against Formula One boss Bernie Ecclestone over his involvement in the 2005 sale of a stake in the motor racing business.
German company Constantin Medien alleges that Ecclestone, 83, was part of a “corrupt bargain” with a German banker to undervalue Formula One and favour the sale of a controlling stake to private equity fund CVC – which had agreed to keep Ecclestone on as chief executive of the business.
Constantin media vs Ecclestone court case ended today. No date set for judgment but will be in new year #F1
LONDON, Dec 12 (Reuters) – Formula One boss Bernie Ecclestone said he would fight a $400 million damages claim that German bank BayernLB is planning to file in London over the sale of the motor racing business in 2005.
The fresh threat of legal action is the latest fallout from the deal eight years ago, in which private equity fund CVC acquired control of Formula One from a group of banks including BayernLB.