Bluewater's suit is entirely hypothetical.
There is nothing to say they had the money or could have raised the money. They didn't even know the bid figure, nor did they bid a fixed amount.
There is nothing to say that they would have finally closed the deal, nor made the same return on investment as CVC, having a different business model and an F1 minus Ecclestone.
There is nothing to say that their bid would have been approved by the FIA.
I think this is lawyers 'having a laugh' . . . just because they can.
Seems to me the party with the strongest case/grievance is Kirch . . . no hypothesis there, a 2.7bn stake was sold for 900m. But the lead seller and player in all this business was Bayern LB, the biggest shareholder.
If the shares were undervalued, or mis-sold, it is Bayern's responsibility . . . and the bank is corporately responsible for its employee, the Risk Officer Gribkowsky.
Bernie guarantees the most column inches in the press, but he was a bit player in this whole scenario.
Edited by MustangSally, 22 November 2012 - 14:52.