Bernie Ecclestone says that the Azerbaijan capital of Baku will host a Grand Prix within the next two years.
Flavio Briatore was reportedly involved in brokering the deal.
Bernie Ecclestone remains confident of winning his legal battle in Germany – despite a British judge saying today that the F1 boss had been involved in bribery.
In a civil action for damages filed by Constantin Media the judge deemed that the German media group had suffered no loss in the sale of F1 to CVC, and thus found in Bernie’s favor on the key point.
However, he also made it clear that he believed that Ecclestone had bribed jailed banker Gerhard Gribkowsky.
Bernie Ecclestone has won the latest of his legal battles related to the Gribkowsky Affair – in this instance a damages suit brought against him in the High Court in London by the German media company Constantin Medien, a former owner of the F1 Group.
Constantin claimed to have lost out over the sale of F1 to CVC in 2006, and was suing for $140m.
Formula 1 looks set to introduce an eleventh-hour change to the qualifying rules for 2014, according to media reports.
Just five weeks ahead of the Melbourne season opener, team bosses, Bernie Ecclestone and the governing FIA will meet in Bahrain on Feb. 21, coinciding with official testing in the island Kingdom, to discuss the issue.
Despite Bernie Ecclestone’s recent warning, Gene Haas is pushing ahead with his plans to enter F1 in 2015.
After Haas, a NASCAR team co-owner, responded to the FIA’s invitation to fill the vacant team slot, Ecclestone said publicly he doubts the Californian is prepared to spend what it takes to compete in F1.