Sportsnet has a story on the news that Bernie Ecclestone lost a court case that could signal the end of his death grip on Formula 1. Ecclestone has ruled the sport for a quarter-century and has made billions, according to reports.As a result of the London court decision, Ecclestone may have to relinquish control over the sport to three banks, which collectively own three-quarters of Formula 1's commercial rights.
UPDATE: Is Bernie feeling the heat?
SpeedTV has a story that says Ecclestone has offered up $500 MILLION dollars to convince the manufacturers not to break away and form their own series. The piece also contains information about Bernie's defeat in the courts.
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