FORUMula1.com - F1 Forum

[8-ball]

As much as I don't like Bernie I don't think we should be happy that his relationship has broken down. I mean it's not like Bernie went into an underground basement to have umpalumpa with german prostitutes - that would be sound reasons for divorce but it seems that she is the one that has cheated on Bernie with some man who is probably young enough to be her grandson!

Men should stick together over when it comes to gold diggers like her

I don't think she's 100% a gold digger, or she wouldn't have stayed with him 24 years. Five years and divorce, maybe.

She was 26 when she married and Bernie was 54. Why would a hot, young 26 year old hang out with a 54 year old short, pompous and arrogant man who thinks he is the god of motorsport and looks like deep fried trout.

I suppose he just has a charming personality! She married him for his money and part of me wants to give her a round of applause for sticking it out for 24 years but I am surprised that a smart man like Bernie hasn't got a pre nup in place.

[KyrosV]

As much as I don't like Bernie I don't think we should be happy that his relationship has broken down. I mean it's not like Bernie went into an underground basement to have umpalumpa with german prostitutes - that would be sound reasons for divorce but it seems that she is the one that has cheated on Bernie with some man who is probably young enough to be her grandson!

Men should stick together over when it comes to gold diggers like her

I don't think she's 100% a gold digger, or she wouldn't have stayed with him 24 years. Five years and divorce, maybe.

She was 26 when she married and Bernie was 54. Why would a hot, young 26 year old hang out with a 54 year old short, pompous and arrogant man who thinks he is the god of motorsport and looks like deep fried trout.

I suppose he just has a charming personality! She married him for his money and part of me wants to give her a round of applause for sticking it out for 24 years but I am surprised that a smart man like Bernie hasn't got a pre nup in place.

I cant imagin her doing the ironing for him, maybe thats why he always wears the same shirt

[bud]

Guess the wrong man won the WDC this year
She seems smart

Troll

Great reply, you seem to stay on topic

Now that the spammer has been replied to, lets get back on topic.
It´s sad to see anyone divorce obviously but these days everyone seems to be married 3-4 times in their life. People might be succesful in business and such but are they quitters in relationships? Do they really think the gras is greener on the other side? And in his age???? I don´t know...........

[racechick]

Guess the wrong man won the WDC this year
She seems smart

Troll

Great reply, you seem to stay on topic

Now that the spammer has been replied to, lets get back on topic.
It´s sad to see anyone divorce obviously but these days everyone seems to be married 3-4 times in their life. People might be succesful in business and such but are they quitters in relationships? Do they really think the gras is greener on the other side? And in his age???? I don´t know...........

Trolls bite!!

[Gaz]

Guess the wrong man won the WDC this year
She seems smart

Troll

Great reply, you seem to stay on topic

Now that the spammer has been replied to, lets get back on topic.
It´s sad to see anyone divorce obviously but these days everyone seems to be married 3-4 times in their life. People might be succesful in business and such but are they quitters in relationships? Do they really think the gras is greener on the other side? And in his age???? I don´t know...........

you fail at making an on topic post.

[jsonf1]

Oh the mclaren looza team is back
I will give $5 to the first one who actually make a post related to this topic
PS. Both replies were related to the posted topic so why don´t you just learn how to read

[bud]

Oh the mclaren looza team is back
I will give $5 to the first one who actually make a post related to this topic
PS. Both replies were related to the posted topic so why don´t you just learn how to read

[texasmr2]

This topic imho is in the wrong forum anyway as it has nothing to do with F1 racing in general and belong's in the 'gossip forum's' but since we do not have one I am moving it to the 'Anything Else'forum.

[MCL2k6]

I've read on another site that Mrs. Eccelstone has substantial parts of Bernie's wealth on her name. Could this mean that some shares of FOM will get to her?

[MAD MAX]

I could never understand what she saw in his millions

[darwin dali]

I've read on another site that Mrs. Eccelstone has substantial parts of Bernie's wealth on her name. Could this mean that some shares of FOM will get to her?

Yes, most if not all his shares are in her name for tax reasons...

[scotty]

Haha, karma does work!! Watch him try and recoup his losses from race organisers around the world though...

[Gert]

CYNIC ALERT

Here's how it could be:-

Bernie wants to see those companies go bust as it'll save him having to cough up anymore money to thre teams. As those companies are controlled by his wife there's a strong chance that he, as her husband, will also be barred from owning anymore F1 related companies. Solution? Get divorced, let the companies go bankrupt, ex-wife carries the can, Bernie can re-open for business legally & debt free.

& yes, self-employed people do do thing like that to avoid debts.

[KyrosV]

CYNIC ALERT

Here's how it could be:-

Bernie wants to see those companies go bust as it'll save him having to cough up anymore money to thre teams. As those companies are controlled by his wife there's a strong chance that he, as her husband, will also be barred from owning anymore F1 related companies. Solution? Get divorced, let the companies go bankrupt, ex-wife carries the can, Bernie can re-open for business legally & debt free.

& yes, self-employed people do do thing like that to avoid debts.

Thats a really intresting view of it. Though Im not sure she will actually claim anything from him anyway. Its probably going to be a mutual split up.

[Jabberwocky]

I thought she owned all of SLEC, however Wikipedia thinks differently

SLEC Holdings was created as the holding company of the Formula One companies in 1996 when Bernie Ecclestone transferred his ownership of Formula One businesses to his wife, Slavica Ecclestone, in preparation for a 1997 flotation of the group.[4] In October 1999 Morgan Grenfell Private Equity (MGPE) acquired 12.5% of SLEC for £234 million.[5] In February 2000 Hellman and Friedman purchased a 37.5% share of SLEC for £625 million and combined its share with that of MGPE to form Speed Investments which thus had a combined holding of 50% of SLEC.[5][6] On 22 March 2000 German media company EM.TV & Merchandising purchased Speed Investments for £1.1 billion.[7]

EM.TV's acquisitions caused it financial difficulties; following its announcement that its 2000 earnings would be below expectations and it was struggling with its debts, the share price dropped 90%.[8] In February the Kirch Group agreed to rescue EM.TV in return for a stake in the company and control of Speed Investments.[6] The two companies also agreed to exercise EM.TV's option to purchase another 25% of SLEC for approximately £600 million in late-March 2001.[9] To raise Speed Investments' share of SLEC to 75% Kirch borrowed €1.6 billion, €1 billion from Bayerische Landesbank and the rest from Lehman Brothers and JPMorgan Chase.[10] Kirch's involvement raised concerns among the major motor manufacturers who participate in Formula One; BMW, DaimlerChrysler, Fiat, Ford, and Renault formed GPWC Holding BV to secure better representation of the manufacturers in F1, improved financial conditions for the teams, stability for the championship, and maintenance of free-to-air television coverage.[10]

Due to the agreement associated with their shareholding SLEC was controlled by Kirch, who hence controlled the board of Formula One Holdings (FOH). Due to huge losses and massive expenditure, Kirch's creditors put the company into receivership in 2002. These banks dismantled the group. Kirch's share of SLEC was retained by Bayerische Landesbank, JPMorgan Chase and Lehman Brothers (through Speed Investments).

Before they could exercise their rights as shareholders they had to seek clearance from the European Commission. In the intervening period Ecclestone instituted changes in the boards of SLEC, FOH, Formula One Administration (FOA) and Formula One Management (FOM) which in effect put Bambino Holdings in control of those companies.

In mid-November 2004, the three banks sued Ecclestone for more control over the sport, prompting speculation that Ecclestone might altogether lose the control he has maintained for more than thirty years. A two-day hearing began on November 23, but after the proceedings had ended the following day, Justice Andrew Park announced his intention to reserve ruling for several weeks. On December 6, 2004, Park read his verdict, stating that "In [his] judgment it is clear that Speed's contentions are correct and [he] should therefore make the declarations which it requests" [1]. However, Ecclestone insisted that the verdict - seen almost universally as a legal blow to his control of Formula One - would mean "nothing at all" [2]. He stated his intention to appeal the decision.

The following day, at a meeting of team bosses at Heathrow Airport in London, Ecclestone offered the teams a total of £260,000,000 over three years in return for unanimous renewal of the Concorde Agreement, which expires in 2008 [3]. Weeks later, Gerhard Gibkowsky, a board member of Bayerische Landesbank and the chairman of SLEC, stated that the banks had no intention to remove Ecclestone from his position of control

Oh I don't know I got bored of reading that.

However does it mean that Bernie and Sylvia own 50% of SLEC between them? so BE (if it went 50-50) would own 25% and therefore loose control of F1?