Former F1 supremo Bernie Ecclestone to sell car collection worth ‘hundreds of millions' [CNN]
Liberty Media Corporation - Series A Liberty Braves (BATRA)
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Source: CNN
The collection, which is made up of 69 cars, includes world championship-winning Ferraris raced by the likes of Michael Schumacher and Niki Lauda Also included is Alberto Ascari's Italian GP-winning 375 F1, and the controversial Brabham BT46B “fan car,” which won its first and only race before being withdrawn from competition and then outlawed the following season. The news comes after Ecclestone pleaded guilty to fraud last year, having failed to declare more than £400 million (about $509 million) of assets held in a trust in Singapore. The former F1 supremo agreed to pay back almost £653 million (about $830 million) to HM Revenue and Customs, and was sentenced to 17 months in prison, suspended for two years. “I love all of my cars, but the time has come for me to start thinking about what will happen to them should I no longer be here, and that is why I have decided to sell them,” the 94-year-old said in a statement. “After collecting and owning them for so long, I would li
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