News Details
Lotus sells stake in team
The Lotus F1 Team has sold a 35% stake in the team to Infinity Racing Partners Limited.
Infinity Racing is an investment consortium whose special purpose vehicle is comprised of private investors that include an American hedge fund manager, an Abu Dhabi-based multinational business group and royal family interests of a major oil producing nation.
Genii Capital previously owned 100% of the team, and retains 65% ownership.
Gerard Lopez, Lotus Chairman said, "Infinity Racing’s principals have exceptional expertise and a proven strong track record in developing and delivering high quality technologies. This partnership will enable us to increase Lotus F1 Team’s competitive advantage...
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13y ago from GrandPrix.com
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