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Saturday, November 22, 2008

Formula 1 boss faces divorce case


The wife of Formula One boss Bernie Ecclestone has filed for divorce, it has been confirmed.

A spokeswoman for Slavica Ecclestone said the announcement had been prompted by media speculation.

This year's Sunday Times Rich List estimated her husband's personal fortune to be in excess of £2bn.

Mrs Ecclestone will be represented by divorce lawyer Liz Vernon, who represented the wife of Arsenal and England footballer Ray Parlour in 2004.

She secured a deal which gave her client a third of her ex-husband's future earnings for four years.

Simon Bethel, a family law specialist with law firm Mills & Reeve, said: "Given Mr and Mrs Ecclestone were reputed to be worth £2.4bn in the 2008 Rich List, this case may see the highest award to a wife in legal history."

He added that if Mrs Ecclestone filed for divorce in the UK, she could be awarded as much as half of her husband's fortune.

He said: "If Mrs Ecclestone is keen to push for a substantial award, and on the face of it there is no reason why she should not, she could maybe end up with a third or a half of his fortune."

The couple, who married in 1985, have two daughters, Petra, 19, and Tamara, 24.

Mr Ecclestone, 77, has a stake in Alpha Prema, which owns Formula One.

Last year he diversified when he took over Championship football club Queens Park Rangers with Renault team boss Flavio Briatore.

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