The owners of Lotus F1 have sold a 35% stake in the team to an investment consortium called Infinity Racing.The Enstone-based outfit will remain under the control of Gerard Lopez's Genii Capital group, which originally bought a majority share in the then Renault team in late 2009 before taking over outright ownership the following year, but the deal announced on Tuesday will see them reduce their shareholding to 65% as the new consortium come aboard as minority partners. Although Lotus's announcement didn't specify the identity of the 'private investors' behind Infinity Racing, their press release stated that the constorium included an 'American hedge fund manager, an Abu Dhabi-based...
Full Story »