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Published · transcript-backed

David Rosenthal: evaluation

2 Mar 2026 Acquired Formula 1

“We should also note here too, we being a little glib in this episode, in 2023, Bernie ultimately pleaded guilty to tax fraud as a result of all the machinations] we're about to talk about and had to pay a 653 million pound payment to the crown in back taxes and fines. And he also received a, I think 17 month jail sentence, which was then suspended, probably in large part to his advanced age.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
evaluation
Recorded
2 Mar 2026
Publisher
Acquired
Episode
Formula 1

Transcript context

…Yes. Nonetheless, times are so crazy that Bernie hatches a plan with his bankers at Solomon Brothers to consolidate all the various F1 companies that he owns into a single holding company called SLEC Holdings, S-L-E-C Holdings. And he's going to transfer his ownership of that new company to his then second wife, Slavica, for tax reasons. So S-L-E-C was short for Slavica Ecclestone and float it in a dual listed IPO in the US and England with an anticipated valuation of around $4 billion. We should also note here too, we being a little glib in this episode, in 2023, Bernie ultimately pleaded guilty to tax fraud as a result of all the machinations] we're about to talk about and had to pay a 653 million pound payment to the crown in back taxes and fines. And he also received a, I think 17 month jail sentence, which was then suspended, probably in large part to his advanced age. Crazy.…

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