FEBRUARY 13, 2002
Complications for Kirch
Werner Klatten, the boss of EM.TV, has revealed that his company still owns 16.7% of SLEC because a deal to sell those shares to Kirch has never been completed and at the moment the shares cannot be sold as they are being used to secure a loan with the Bayerische Landesbank.
The Ecclestone Family continues to control 25% of the shares and Bernie Ecclestone has an agreement to remain in control of the business for several more years.