Ecclestone Stands Down

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Miggins said:
rich crook does secret deal with government and stays out of jail? nothing new there.
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As someone who does tax investigations as part of his living (no I'm not HMRC!) I find that amazing they let him off.

Will get to hear about this everytime I try to settle an enquiry............ "but Bernie Exxlestone got a way with it so why can't we..........?"
 
allsaintchris. said:
As someone who does tax investigations as part of his living (no I'm not HMRC!) I find that amazing they let him off.

Will get to hear about this everytime I try to settle an enquiry............ "but Bernie Exxlestone got a way with it so why can't we..........?"
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I hope someone has the intelligence to ask that, as he had already dealt with the taxman how could he be open to blackmail over it, then he'll either have to say he's full of **** or tell the truth about his tax, he's screwed on almost every level, he'll either go down there for this, over here for tax, or he tries to sell a whopper that gets investigated and proves he's guilty of perjury. whichever way you look at it he's screwed.

then I remember he's sickeningly wealthy, he'll probably be awarded damages.
 
I don't find it amazing at all.

These deals are quite common. You should watch the House of Commons Public Accounts Committee (PAC) grilling the HMRC. The HMRC conveniently hide behind the “duty of confidentiality” to keep the deals hidden from the public and Parliament. The PAC receives tip off’s from whistle blowers inside the HMRC and the HMRC go after the whistle blowers using legislation that was designed to fight terrorism.

In my experience the HMRC prefers to go after the ordinary guy rather than the big guns. The ordinary guy does not know much about tax and the big guns employ tax experts that know more about the rules than the people that work there. After all, the outside tax experts actually draft the rules.

Watch the PAC in action, all their sessions are recorded on video and you can access their archive of the meetings they have held. Very frustrating to watch the HMRC wriggle out of explaining the “sweetheart” deals they agree to.
 
I do wish he would piss off. He is now up to his usual tricks threatening to bin Monza if he can't get the deal he wants (ie unless they give him loads more money).

I reject the idea that F1 can only be a business, or at least I think that without tracks like Monza F1 loses its soul, and would deserve to die. Please please please piss off Bernie.

http://www.autosport.com/news/report.php/id/114743

"The future of the Italian Grand Prix at Monza is in doubt after Formula 1 supremo Bernie Ecclestone said on Tuesday that the event was likely to be dropped after 2016.

The venue has held the Italian GP every year since the world championship started in 1950, apart from 1980 when the event went to Imola.

But with talks set to begin soon about framing a new deal for when the current contract expires in two years' time, Ecclestone is unsure if a new deal will be done.

When asked by Gazzetta dello Sport about what the future of the Monza race looked like, Ecclestone said: "It's not good. I don't think we'll do another contract, as the old
one has been disastrous for us from a commercial point of view.

"So it's bye-bye after 2016.""
 
:shocked: http://www.theguardian.com/sport/2014/jul/03/formula-one-owners-sell-stake-bernie-ecclestone

[h=1]Formula One’s owners sell stake and call time on Bernie Ecclestone[/h]
The owners of Formula One, CVC Capital Partners, are to sell a large part of their controlling 35.5% stake in the sport as they face up to life after Bernie Ecclestone. The new investors will “have a view on the value of the sport”, according to an insider.Decision makers at the City-based private equity firm have decided that Ecclestone, the sport’s chief executive and commercial rights holder, must go even if he wins his court case in Munich, where he is fighting bribery charges.
They are convinced that Ecclestone, who will be 84 in October, will continue to be an embarrassment, with HM Revenue and Customs likely to ask further questions about his complex tax affairs, which formed the basis of a Panorama investigation.
The identity of Ecclestone’s successor is unknown but reports that it could be Red Bull’s Christian Horner, the team principal who is closest to Ecclestone, are wide of the mark. It is felt that he does not have the corporate background that is required for the job.
The fresh investment in F1, together with the departure of Ecclestone, is likely to see a radical change in the way the sport is promoted. Remarkably, for a business with a £1bn turnover, there is no marketing department. With TV audiences falling and the smaller teams struggling for survival – the sale of Caterham was announced on Wednesday – F1 in general is dismayed by Ecclestone’s failure to recognise the importance of social media, such as Twitter and Facebook. The Mercedes motorsport chief, Toto Wolff, said this week: “I had quite a long row with Bernie in a meeting. We have lost 30% of TV audience in Italy and we have lost some of the audience in Germany – although interestingly the UK is growing. Sure the [social media] model does not work yet as you cannot monetise it, but it is just a matter of time.”
Ecclestone’s control of Formula One, which has lasted 40 years, has been one of the most remarkable reigns in all sport. He has done more than any other person to position F1 as a major global sport but today he is considered a blockage to future development
The F1 season, which has one of its highlights with the British Grand Prix at Silverstone this weekend, has been overshadowed by Ecclestone’s court case in Germany, which is unlikely to reach a verdict until September.
Ecclestone, who denies any wrongdoing, is fighting charges of bribing a former banker Gerhard Gribkowsky with a $44m (£26m) payment in return for smoothing the sale of a stake in Formula One to CVC eight years ago.
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Please let this be true.
 
be careful what you wish for, we might end up with a self-serving version of Sepp Blatter.
 
Yes, we should be careful in case we end up with a corrupt, self-serving leader who believes he is unimpeachable, behaves like a dictator and who has become an embarrassment to to the sport...? Wait a minute.....
 
So he gets to bribe the government to get out of being convicted of bribery, and they come cheaper than Gribkowski.
 
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