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Bernie Ecclestone: The highs and lows of ex-Formula 1 supremo after tax fraud verdict
Bernie Ecclestone: The highs and lows of ex-Formula 1 supremo after tax fraud verdict
Bernie Ecclestone – the former supremo of Formula 1 – has pleaded guilty to fraud at Southwark Crown Court on Thursday but has been spared jail. The 92-year-old failed to declare more than £400 million of overseas assets to the government, namely a trust in Singapore with a bank account of around $650 million. He was sentenced to 17 months in jail, suspended for two years. He has agreed a civil settlement of £652,634,836 in respect of sums due to HMRC over the course of 18 years. The billionaire, who has courted controversy throughout his life, was in charge of F1 for over 40 years before relinquishing his role in 2017 when current owners Liberty Media took over the running of the sport. The Independent takes a look at Ecclestone’s life and times through his tenure in motorsport and beyond: 1930 – Ecclestone born on 28 October, son of Sidney and Bertha Sophia, in St Peter, Suffolk. 1952– Marries first wife, Ivy Bamford, at 21-years-old. They have a daughter, Deborah, born in 1955. The pair divorce in the 1960s. 1958 – Entered two F1 races as a driver, at Monaco and Silverstone, after purchasing two chassis from the disbanded Connaught Formula One team. Failed to qualify for either race. 1972 – Buys Brabham F1 team for £100,000. Tastes success with Nelson Piquet’s two world titles in 1981 and 1983, though only records a best result of second in the constructors’ championship. 1974 – Forms the Formula One Constructors Association (FOCA). Played crucial role in negotiating F1’s television rights. Becomes chief executive in 1978. 1984 – Slavica Radic, later his second wife, becomes pregnant and second daughter Tamara is born. Marries Radic in 1985. 1988 – Sells Brabham for more than $5 million to Swiss businessman Joachim Luhti. 1988 – Ecclestone’s third daughter, Petra, is born in London. 1997 – Embroiled in a dispute with the Labour Party over tobacco sponsorship of Formula 1, in contrary to the new government’s health position. After a meeting with prime minister Tony Blair alongside Max Mosley (a fellow Labour Party donor), the government make an exemption for F1. 2005 – Farce embroils the United States Grand Prix, with seven teams refusing to participate due to safety concerns over the Michelin tyres used. No compromise was reached, and only six cars (using Bridgestone tyres) started the race. 2008 – Radic files for divorce, which is settled in March 2009. She receives a reported settlement of $1 billion. 2009 – Crashgate. F1 descends into chaos after cheating scandal which saw Nelson Piquet Jr. deliberately crash a year earlier in Singapore to aid his team-mate, race winner Fernando Alonso. It later emerges, in 2023, that Ecclestone and then-FIA boss Mosley knew about the scandal at the time. Felipe Massa is now in the process of pursuing legal action for damages, having lost the 2008 world title to Lewis Hamilton. 2009 – Ecclestone widely condemned after remarks that were positive about Adolf Hitler. He said to The Times: “Terrible to say this I suppose, but apart from the fact that Hitler got taken away and persuaded to do things that I have no idea whether he wanted to do or not, he was – in the way that he could command a lot of people – able to get things done”. Ecclestone later apologised for his comments. 2012 – Marries vice-president of marketing for the Brazilian Grand Prix Fabiana Flosi, 46 years his junior. 2014 – Paid a £60 million settlement to end a bribery trial in Germany without admitting guilt. Prosecutors had accused him of bribery of banker Gerhard Gribkowsky. 2017 – Removed from position as CEO of Formula One Group after its £6.4 billion takeover by Liberty Media. Retains title of Chairman Emeritus until January 2020. 2020 – Ecclestone has first son, Ace (Alexander Charles Ecclestone), at age 89. 2020 – Criticised by F1 and Lewis Hamilton after comments made in wake of the murder of George Floyd. Ecclestone says to CNN: “In a lot of cases, black people are more racist than what white people are.” 2022 – Arrested by Brazilian authorities for illegally carrying a firearm while boarding a private plane to Switzerland. Ecclestone paid bail and was freed to travel to Switzerland. 2022 – Ecclestone says on Good Morning Britain that he would “take a bullet” for Russia president Vladimir Putin because he was a “first class person,” adding that Putin’s invasion of Ukraine was just a “mistake” that businessman make. He later apologised for his comments. 2023 – Pleaded guilty to £400m fraud. Sentenced to 17 months in prison, suspended for two years. Read More Lewis Hamilton gives blunt response to Felipe Massa’s legal action over 2008 F1 title F1 given new deadline by Felipe Massa’s lawyers – who label Lewis Hamilton title a ‘sham’ ‘More teams, less races’: FIA boss outlines aspirations for future of F1 F1 reveal unique Las Vegas GP schedule and ‘opening ceremony’ plans Lance Stroll ‘may have contravened FIA rules’ during furious outburst in Qatar
2023-10-12 20:58
Who is Emily Chavez? 'Love Island USA' Season 5 bombshell is a newbie in hairstyling biz
Who is Emily Chavez? 'Love Island USA' Season 5 bombshell is a newbie in hairstyling biz
'Love Island USA' Season 5's new bombshell Emily Chavez will turn heads in upcoming episode
2023-07-31 08:22
The 10 best charging stations for every possible combination of devices
The 10 best charging stations for every possible combination of devices
UPDATE: Sep. 22, 2023, 5:00 a.m. EDT This shopping guide has been updated to reflect
2023-09-23 17:45
The Fresh Market Opens 160th Store in Carmel, IN
The Fresh Market Opens 160th Store in Carmel, IN
GREENSBORO, N.C.--(BUSINESS WIRE)--May 24, 2023--
2023-05-24 21:48
Get 5 years of no-log VPN protection for $30
Get 5 years of no-log VPN protection for $30
TL;DR: As of September 26, get a 5-year subscription to OysterVPN for only $29.99 —
2023-09-26 17:46
Fashion and film merge as Paris shows its opulent side
Fashion and film merge as Paris shows its opulent side
From an absurdly opulent film shoot at the Opera Garnier to a Chanel catwalk along the Seine, fashion week offered a very different view of Paris on Tuesday...
2023-07-05 00:54
Could AI Become Your New Boss? Amazon Launches Custom Chatbots for Businesses
Could AI Become Your New Boss? Amazon Launches Custom Chatbots for Businesses
Amazon has launched a new business-focused chatbot, dubbed Amazon Q, which promises to be a
2023-11-29 08:53
Federal officials plan to announce 2024 cuts along the Colorado River. Here's what to expect
Federal officials plan to announce 2024 cuts along the Colorado River. Here's what to expect
Federal officials this week are expected to ease water cuts for Western states reliant on the Colorado River next year
2023-08-15 12:47
Egypt’s Inflation Soars Past 35% in Record Fueled by Food
Egypt’s Inflation Soars Past 35% in Record Fueled by Food
Consumer prices in Egypt soared at a record pace, a reflection of pressures on food costs after the
2023-07-10 21:24
'Never Have I Ever's final season trailer is here and things looks gloriously messy
'Never Have I Ever's final season trailer is here and things looks gloriously messy
Our little Devi's (Maitreyi Ramakrishnan) all grown up. The fourth and final season of Netflix's
2023-05-10 00:24
Priya Ahluwalia: I’m so much more than just a ‘sustainable designer’
Priya Ahluwalia: I’m so much more than just a ‘sustainable designer’
When fashion designer Priya Ahluwalia walked into the dress rehearsal of her autumn/winter 2023 London Fashion Week show in February, she couldn’t stop crying. Titled Symphony, the show was staged at a formerly baroque church hall, with models walking to jazz-infused renditions played by pianist Insxght and saxophonist Solaariss. “I was just so emotional,” the 30-year-old founder and creative director of Ahluwalia says. “It was like the culmination of a big deep dive coming together. That’s how I felt.” Ahluwalia rediscovered the music of her youth when designing the collection. “I don’t like to do things in an obvious way,” Ahluwalia admits. “As life changes, you listen to different things at different stages, so I thought about the visuals of what music sounds like when designing Symphony. “I Will Always Love You by Whitney Houston was on the radio when I was born. So my mum finds that song really special and played it to me a lot. Sade’s Kiss Of Life was quite informative, and 50 Cent was also in there too. I remember getting one of his albums when I was 10 and thinking it was phenomenal. I also thought a lot about Prince, Queen, Freddie Mercury and even traditional Punjabi music.” Sound waves and musical notes inspired the lasered print on denim, jacquard patterns on mohair knitwear and track tops with accompanying shorts. Earthy shadows, reds and ochres were taken from the colours of album covers and illuminated cotton separates. Ahluwalia launched her eponymous fashion label in 2018 after graduating from the MA Menswear course at the University of Westminster, combining her dual Indian-Nigerian heritage and London roots, while also exploring the potential of vintage and surplus clothing. Around that time, Ahluwalia visited her father in Nigeria and says she noticed “paupers” wearing secondhand clothing from the UK. “I was really confused and started to ask questions about it,” she says – and it led to the publishing of her first book, Sweet Lassi, exploring the secondhand clothing industry in the Global South. “Finding ways for people to cherish their clothing forever has always been important to me,” Ahluwalia says. “Microsoft and I worked on a platform called Circulate in 2021, where we use AI to crowdsource and categorise people’s unwanted clothing. But now, I think consumers really see the value in learning about the things that happen behind the scenes of the clothes they are purchasing.” It’s why individual garments from the Symphony collection feature Digital ID technology — created and connected by the EON Product Cloud platform, powered by Microsoft Azure. Ahluwalia customers can scan with their mobile phones to discover their item’s unique story, including the design inspiration, production processes and origins of the sourced materials, helping consumers better understand how their clothes can be resold, reused and recycled. “This gives us the opportunity to really share exclusive content and information about a product. As a contemporary luxury brand selling items that are around £400, it’s important to provide our customers with more value and share the stories behind their clothes, whilst encouraging them to engage with sustainability.” But Ahluwalia doesn’t want to be pigeonholed as a sustainable designer. “I’m so much more than making the right choices,” she says. “I’m a designer first and foremost, who is also a creative director, filmmaker of Joy and Beloved, who works sustainably to explore and redefine the inherent beauty of blackness [and brownness] through an authentic lens. “The vision is that one day someone would be sitting on Ahluwalia in their front room, watching it, wearing it, smelling it and eating it. A whole 360. I would love Ahluwalia to be an example of how ideas that are not so rooted in Eurocentric values are expandable and amazing on a global stage for people to interact with in a global sense, like we see with many traditional European [fashion] houses.” So what’s next for the fashion house? “We’re doing a show at London Fashion Week in September, but I can’t tell you anything about it. The only thing that I can tell you is that we’re holding the show at the British Library, which I’m really excited about.” Discover more about Ahluwalia’s partnership with Microsoft and EON here: Ahluwalia Symphony Unlocked | Microsoft Unlocked. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Experts reveal why you keep waking up at 4am, and how you can prevent it 10 last-minute gardening jobs before you go on holiday How often should you wash your bra?
2023-07-31 17:52
Uggs, gilets and disco pants: Noughties fashion is back from the dead and it’s haunting me with a vengeance
Uggs, gilets and disco pants: Noughties fashion is back from the dead and it’s haunting me with a vengeance
Every so often, when I’m in the grips of extreme procrastination, I scroll back through the old photo albums on my near-dormant Facebook account. Their titles are a mix of forgotten teenage in-jokes and once-beloved song lyrics (no doubt a hangover from the Myspace era, before Zuckerberg). The pictures, captured on the digital camera that accompanied me on every night out, look a little fuzzy now, compared to the ultra-high resolution of an iPhone. But they’re still sharp enough that you can make out all the hallmarks of Noughties fashion in every group shot. There are battered pairs of ballet flats. String upon string of fake pearls. Slouchy off-brand Ugg boots. Hi-shine, high-waisted disco pants, reflecting back the flash of my Canon. More waistbelts than the average episode of Gok’s Fashion Fix. I can practically smell the frazzled scent of burning hair, straightened to a crisp. All very nostalgic, all very cringe, all now thankfully relegated to the big Topshop in the sky. Or so I’d naively thought. Fashion’s relentless trend cycle comes for us all in the end and this year, it seems, the nostalgia pendulum has come to rest somewhere around 2007. Bella Hadid and Emily Ratajkowski have been papped strolling through New York City in beige Uggs. A waistcoat is acceptable – even chic on a night out – no longer the sole sartorial preserve of Steve Arnott from Line of Duty. Its more practical cousin, the gilet, is also back, ready and waiting to keep your torso warm and your arms cold. Kylie Jenner is wearing disco pants, paired with going-out tops of indeterminate length. Most triggering of all? The discovery that beloved Scandi brand Ganni is now selling a high-fashion version of the sole-destroying ballet flats that teenage me wore until they fell apart (typically after about two months of continuous use). It was inevitable that the trends of my adolescence would get re-tooled for a new generation somewhere down the line – that’s just how fashion works. But I certainly wasn’t expecting it to happen quite so quickly, or to induce such a stomach-flipping sense of vertigo. It’s only been exacerbated by a clutch of that era’s cultural figures re-entering the public consciousness. Pete(r) Doherty, once the poet laureate of try-hard indie teens, is cropping up everywhere (“ARE YOU WATCHING PETE AND LOUIS THEROUX????” my lifelong best friend urgently WhatsApped me the other night, reminding me of my teenage Libertines obsession). Waistbelt-wearing, bodycon-loving pop legends Girls Aloud may or may not be reuniting (please make it so!) and, erm, Call-Me-Dave Cameron is making a return to frontline politics. It’s enough to make you feel like a portal to the past has somehow opened up, Doctor Who-style (naturally David Tennant, who played the Doctor in the latter half of the Noughties, is reprising that role later this year). Noughties fashion is having a moment on screen, too. Emerald Fennell’s new film Saltburn stars Barry Keoghan as Oliver, a working-class student at Oxford who is befriended by the aristocratic Felix, played by Jacob Elordi; Felix later invites his new pal to spend the summer at his family pile. It takes place between 2006 and 2007, and these fictional freshers dress in authentic period finery: the three “Js” – Jane Norman, Juicy Couture and Jack Wills – superfluous beaded necklaces and daffodil yellow LiveStrong charity wristbands. The latter, of course, were a rubbery tribute to now-disgraced cyclist Lance Armstrong, which, for some unfathomable reason, became a must-have. When they sold out online, we’d go to bizarre lengths to source one. I distinctly remember sending an envelope covered in first class stamps to a friend of a friend of a friend, then receiving a rubbery bracelet in the post about a month later. I had only a vague idea of exactly who Armstrong was, really, but I liked the pop of colour against my white “Make Poverty History” band. To nail this very specific period look, Saltburn costume designer Sophie Canale made “mood boards mainly of my friends drunk on Facebook as inspiration”, she recently told Women’s Wear Daily. She sounds like a woman after my own heart. And just like my friends and I, Fennell’s characters love a good pair of Uggs – or at least, Ugg-adjacent copycats. So devoted was I to my tan knock-off versions that 16-year-old me carried on wearing them almost immediately after undergoing a knee arthroscopy (fake Uggs and crutches – a real fashion statement). My physiotherapist was horrified – and for good reason. In 2010, the British College of Osteopathic Medicine put out a statement imploring teenage girls like me to ditch their poorly-made imitation boots, warning that the lack of foot support could eventually lead to wear and tear on the ankles, knees and hips. “Just because something becomes a trend or fashionable doesn’t mean it’s good or right,” the organisation’s then-head Dr Ian Drysdale warned. Wise words indeed – but if I’d heard them at the time, I’d probably have rolled my eyes and gone back to trying to find the perfect footless tights to pair with my fleecy shoes. Ballet flats, with their similar absence of support, were pretty terrible for your podiatric health too, but it was a sacrifice we were willing to make in order to look a bit like Kate Moss. Looking good could be painful: after attending one friend’s 16th-birthday meal, I had to go home and lie down in agony thanks to waist belt-induced indigestion. Of course, Mossy, the patron saint of Noughties style, was on Canale’s radar when it came to dressing Saltburn’s students. The costume designer tracked down styles from the model’s first fashion collection for Topshop, which would have been seriously hot property around the period in which the film is set. More than 15 years on, I still have near-perfect recall of almost every piece, because I wanted them so much: the silvery halter-neck gown, the red skinny jeans, the patterned shorts crying out to be layered over a pair of 60 denier opaque tights. I’m pretty sure those designs are probably seared onto my poor, long-suffering mum’s memory, too. Like some sort of mini Miranda Priestly, I sent her trawling round all the Topshops in the Liverpool City Region to try and find the sell-out pansy print tea dress from Kate’s line. Why didn’t I do it myself? Too busy stomping around Snowdonia, attempting to get a bronze Duke of Edinburgh award, having been gaslighted into believing that this would prompt paroxysms of admiration from university admissions staff. She never did find the dress, but I managed to get hold of one years later, when Moss re-released some of her greatest hits to mark her final Topshop collection. It shrunk to unwearable dimensions after a few washes, but I still have it hanging in my wardrobe like a tiny floral trophy. Perhaps one day I’ll sell it on Vinted to a Gen-Zer who can’t remember the Noughties but likes the retro aesthetic (I’d have to label it “worn, with minor fake tan stains”, though). But most likely I’ll keep hold of it. The clothes we wear when we don’t quite know who we are or what we’re doing with our lives are a bit cringe-worthy, yes, but they’re also strangely endearing. Much as the rational part of my brain might be horrified by its baffling silhouettes and bizarre accessories, I’ll always have a soft spot for Noughties fashion – just don’t expect to see me in a waistcoat any time soon. Read More Chris Pine defends his short shorts Balenciaga divides with release of ‘absurd’ $925 bath towel skirt Women’s scarves and crocheted ties - what is Robert Peston wearing now?
2023-11-16 21:24