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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...
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