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COULD BERNIE BE DONE?(Competition)

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| December 13, 2004 | COPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Bernie Ecclestone faces an anxious wait before learning whether he will retain autocratic control over Formula One, after the banks that own a majority stake in SLEC (the Ecclestone-founded holding company that owns the sport's commercial rights) brought a court case against Formula One Holdings, the company at the center of Ecclestone's complex business empire.

The High Court in London heard the case in late November, but after two days the judge announced he would reserve judgment for further consideration and would reveal his decisions some time before the end of the year.

Justice Andrew Park refused the banks' request for a summary judgment. FOH was ...

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