Majority shareholder of the Formula One Group, CVC, choose to “watch and wait” bribery-related cases being attacked President and CEO of F1, Bernie Ecclestone.
Previously, German prosecutors indict Ecclestone bribery. The charges relate to the payment of 44 million U.S. dollars to a German banker, Gerhard Gribkowsky, from Bayern Landesbank (BayernLB) related to the sale of shares of Formula 1. Ecclestone party has six weeks to respond, since the indictment was launched last week.
Last week also, CVC issued a formal statement will monitor this case. This week, the source of the CVC told the Daily Telegraph that they support the 82-year-old British entrepreneur is.
Shahid Khan, a U.S. businessman of Pakistani origin, has completed the purchase of Premier League club Fulham from Mohamed Al Fayed who has had it for 16 years.
This purchase makes Khan a U.S. businessman who has a sixth Premier League club. 62 years old man of Pakistani descent is a successful businessman auto parts in Uncle Sam who also have American football club Jacksonville Jaguars since 2011.
“Fulham is a great club and came at the right time for me,” Khan said via the club’s official website.
“I want to clarify, I do not see myself as the owner of Fulham, but rather as representing the club guard fans.”
“My priority is to make sure the club and Craven Cottage has a bright future in the Premier League by the fans to be proud of in the past as well as future generations.”
“We will deal with the club’s financial and operational careful and attentive, and looked at the development of young players as well as community programs as an important element for the future of Fulham.”