Ecclestone wins damages court case


A High Court case involving the sale of Formula One has seen the judge, Justice Guy Newey, dismiss charges of an £85 million damages claim against Bernie Ecclestone. However, the court did still say the deal was corrupt.

Ecclestone was involved in the sale of F1 to CVC Capital Partners in 2005, and the issue at hand was whether the sale was “undervalued.” It was a claim made by lawyers for the German media group Constantin Medien, who argued the sale was agreed “without the normal and proper process” and for an undervalued price. They also sought the damages amount (£85m; 103m euros) in compensation, per the BBC.

Newey said the deal was corrupt and hadn’t found Ecclestone, 83, “reliable or truthful,” but did say Constantin Medien had not suffered a financial loss as a result.

The other major pending legal issue facing Ecclestone is the bribery charge, for an alleged bribe to German banker Gerhard Gribkowsky. That trial begins in April.

On an unrelated note but one also related to Ecclestone, he has denied that Sainsbury’s departing CEO, Justin King, will replace him in running F1, in a story written by The Guardian’s Christian Sylt.

King is a known motor racing fan, but per the story, his primary focus is on furthering son Justin King’s career. The younger King reigned as champion of British Formula 3 in 2013.

Newgarden fastest as Castroneves returns in weather-shortened Barber test

Photo: IndyCar
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The Verizon IndyCar Series took to Barber Motorsports Park on Tuesday for an open test, with 24 entries tackling the 2.38-mile road course.

Weather intervened in the afternoon, preventing nearly the entire field from going out, but the weather held off during the morning enough for one session to be run in its entirety.

Team Penske’s Josef Newgarden led the way, with a quick lap of 1:07.979, ahead of Team Penske teammates Will Power and Helio Castroneves. For Castroneves, this marked his first IndyCar outing of 2018.

Helio Castroneves was back in an IndyCar on Tuesday at Barber Motorsports Park. Photo: IndyCar

Sporting the Pennzoil “yellow submarine” paint scheme, Castroneves turned 41 laps around Barber in the morning session, with a quick lap of 1:08.315. He was also the only driver to venture out on track in the afternoon, completing eight laps.

The Dale Coyne Racing duo of Sebastien Bourdais and Zachary Claman De Melo completed the top five.

Results are below.