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Bernie in R484m F1 scandal

Bernie Ecclestone is the subject of ever-worsening claims about the sale of F1's commercial rights five years ago.

It has already been alleged that it was he, the sport's chief executive and long-time 'supremo', who paid German banker Gerhard Gribkowsky a mysterious R361m.

The latest details have been published by the German weekly Der Spiegel.

The report said F1's current owner, CVC Capital Partners, paid R6bn for the share of the rights that at the time was controlled by the Munich bank BayernLB.

But BayernLB reportedly only received R5.5bn.

Der Spiegel alleges that R289m was received directly by Ecclestone, with the other R195m flowing to his family trust Bambino.

 
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