Full Throttle

More often than not when Bernie’s Boys attempt to leap the sport forward, they stumble into an open manhole. But this has to be promising:

HOPES of a resolution to the bitter infighting in the world of Formula One motor racing have taken a leap forward.

In a move that cleans up the sport’s ownership structure, Germany’s Bayern Bank has bought out the stakes of JPMorgan and Lehman Brothers in Formula One holding company SLEC.

Bayern is now the sole shareholder alongside Bernie Ecclestone’s Bambino holding company. It is unclear how much Bayern paid for the 28% stake, but it is known the two US banks invested a total of $600m (