Crash.Net User: Cobalt

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Cobalt

November 02, 2011 3:03 PM
Last Edited 1029 days ago

F1 » Whitmarsh: We can’t go above 20 races


@Caroline, You forgot to add Delta Prefco to the insane F1 ownership mess. It should end and F1 should reverse to being owned by the teams. Anyway, Bernie doesn't need to access any trust money, he has so much he can't give it away fast enough. If he wants to buy something he (sorry, trustees) can throw Bambino trust in there. Bernie knows how to manipulate and bribe.

Cobalt

November 02, 2011 12:28 PM
Last Edited 1029 days ago

F1 » Whitmarsh: We can’t go above 20 races


@Caroline, Beneficiaries of the trust are Bernies doughters so his money stays in the family. Bambino trust invested in Delta Topco-F1 so they(he) DID invested wisely and don't tell me Bernie had nothing to do with it. He set the wheels in motion, made all major decisions and only then left it to the trustees to run.

Cobalt

November 01, 2011 10:07 PM
Last Edited 1030 days ago

F1 » Whitmarsh: We can’t go above 20 races


@Caroline, Before SLEC and now Bambino belong to Ecclestone family. Every single penny in those trusts came from Bernie's pocket. How can you say the trust have nothing to do with him, it belongs to his doughters. Everyone does that, spread tax allowances between all members of the family, make gifts, set up trusts, transfer money offshore, anything to avoid paying tax. But the money stays in the family as it would anyway, just tax free. Anyway, all those figures are of declared transactions, nobody knows how much undeclared money was involved on top of that or how many trusts or Delta whatsis are there that you dont know about.

Cobalt

November 01, 2011 6:19 PM
Last Edited 1030 days ago

F1 » Whitmarsh: We can’t go above 20 races


@Piston Head, Bernie was given F1 for nothing then sold it to CVC for Billions. He and his doughters get an income from the shares (~15%) they have in Delta Topco (owners of F1) on top of the 15M fees. If Delta Topco makes 1.2billion a year Bernie+girls get ~180 MILLION/YEAR. Not to mention income from other investments outside F1.


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