News Details
Lotus F1 sells 2 per cent stake for 1m
One of Britain's most successful property investors has paid a reported £1 million for a 2 per cent stake in the Lotus F1 team this weekend, according to media reports on Monday.Andrew Ruhan had joined the board of the team in February but denied at the time that he had bought into the business or that his position on the board was a precursor to his making an investment.But Gerard Lopez, the founder of private equity firm Genii Capital which owns Lotus, has now confirmed that Ruhan has bought a piece of the business while stressing that the property tycoon "is not a large or a controlling shareholder in the team."Lopez went on to reveal the size of Ruhan's initial stake in the...
Full Story »
Full Story »
You May Also Be Interested In...
Lotus sells share in team to UK property tycoon
13 May, 2013 Formula 1 team Lotus has reportedly sold a $1.5 million...
10y ago from YallaF1.com
Lotus sells team stake, Mercedes on F1 board
By Editor on Monday, May 13, 2013 F1 team Lotus has reportedly sold a...
10y ago from F1Zone.net
Lotus sells team stake?
F1 team Lotus has reportedly sold a $1.5 million stake to a British...
10y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Marquez: Pressure and ambition at Gresini MotoGP team...
No description available...
6h ago from Motorsport.com
Pramac's Morbidelli still "missing freedom"...
No description available...
1d ago from Motorsport.com
Aprilia needs "better bike" to be stronger...
No description available...
10h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
The good, bad, and ugly of IndyCar's half-baked...
No description available...
1d ago from Motorsport.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
1d ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
2d ago from MotorsportWeek.c...
Rising concerns in IndyCar over PFC’s braking system
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Rovanpera: Commanding WRC Safari lead "not even...
No description available...
4h ago from Motorsport.com
Gearbox explosion caused Lappi's Safari Rally exit
No description available...
5h ago from Motorsport.com
A good day in the office for Rovanpera
Kalle Rovenpera won all six stages on Friday while those around him...
7h ago from MotorsportWeek.c...
Disaster for Hyundai as Lappi and Tänak retire from...
Esapekka Lappi retired his Hyundai i20 N with a broken gearbox in stage...
9h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Barcelona Transfer News Roundup: Blaugrana eyeing...
No description available...
48m ago from SportsKeeda.com
How Arteta is rebuilding Arsenal's fear factor to...
"That is something I think they have right now," Mikel Arteta...
18m ago from SkySports.com
Arsenal’s intensity key at Manchester City as title...
land elusive away win over a side with champions’ muscle memory, leaders...
1h ago from TheGuardian.com
Ian Wright and Roy Keane make contrasting prediction...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Verstappen loses ally as Mercedes sponsor jailed -...
Check out the biggest news stories as we head... Read More »
58m ago from RacingNews365.com
'Aston Martin makes Adrian Newey a multi-million dollar...
Red Bull designer Adrian Newey has received a... Read More »
7h ago from GPBlog.com
Aston Martin makes big bucks move for Red Bull’s Newey!
Aston Martin has reportedly unleashed a lucrative... Read More »
2h ago from F1i.com