By Brian Farmer, Press Association

PUBLISHED: 09:50 EST, 29 October 2013 | UPDATED: 10:29 EST, 29 October 2013

Motorsport boss Bernie Ecclestone made a 'corrupt bargain' in a bid to stay in a position of influence in Formula 1 racing, a lawyer has told a High Court judge.

Mr Ecclestone entered into a 'corrupt agreement' with a banker to facilitate the sale of the Formula 1 group to a buyer chosen by him, Mr Justice Newey heard.

Food for thought: Bernie Ecclestone and new wife Fabiana Flosi leaving Zuma restaurant on Monday night

Food for thought: Bernie Ecclestone and new wife Fabiana Flosi leaving Zuma restaurant in London on Monday night

A German media company which claims it lost out as a result of the deal is taking legal action against Mr Ecclestone.

Today, a barrister representing the company outlined allegations at the start of a High Court trial in London which is expected to last several weeks.

Mr Ecclestone was not in court. He is expected to dispute the allegations against him.

More to follow

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