News Details
Lopez admits to £114m Lotus debt
Lotus chairman Gerard Lopez has revealed that his team is £114m in debt, whilst admitting that talks with Quantum Motorsport are dead and buried.At a time when many are concerned over the team's future, a situation not helped by the news that it will not attend the opening pre-season test, Lopez has opened up in an interview with Germany's Auto Motor und Sport.'We have about £114 million pounds of debt, of which more than £80 million is with ourselves,' he said, referring to Genii Capital. 'But what are we (Genii) going to do, demand repayment of the debt? That makes no sense. 'We are doing this because it is fiscally interesting. We can put the money down to marketing...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
Lopez: Quantum money 'never arrived' at Lotus
Lotus F1 Team owner Gerard Lopez has spoken out about the team's...
10y ago from RichlandF1.com
Lotus owner insists all is well despite concerns
Lotus team owner Gerard Lopez has moved to allay fears that the team is...
10y ago from TheF1Times.com
Lopez plays down Lotus collapse speculation
January 15th, 2014 (F1plus/GMM).- Lotus owner Gerard Lopez has moved to...
10y ago from F1Plus.com
Lopez plays down Lotus collapse fears
Lotus owner Gerard Lopez has moved to allay fears the Enstone based team...
10y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Vinales: Aprilia COTA MotoGP win has ‘different...
Maverick Vinales believes that his maiden win with Aprilia in MotoGP at...
3h ago from MotorsportWeek.c...
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
7h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kirkwood: “More durable” tires hindering passing...
No description available...
3h ago from Motorsport.com
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
4h ago from Motorsport.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
1d ago from MotorsportWeek.c...
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Latvala: Neuville, Evans tied for WRC Croatia lead...
No description available...
1h ago from Motorsport.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
4h ago from Motorsport.com
Neuville and Evans tied to a tenth!
Thierry Neuville and Elfyn Evans fought a mighty duel across eight stages...
1h ago from MotorsportWeek.c...
WRC Croatia: Neuville sets the pace to lead title...
No description available...
10h ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta says it is 'too soon' for £38m defender...
Arsenal manager Mikel Arteta has provided an injury update on summer...
1h ago from CaughtOffside.com
Aston Villa line up summer move for £60m Chelsea flop
Aston Villa are targeting a new left-back this summer and Chelsea's Marc...
49m ago from CaughtOffside.com
Christian Falk's Fact Files – Bayern's fire sale...
This article was originally published on Fabrizio Romano’s Daily...
2h ago from CaughtOffside.com
Troy Deeney names strikers who Arsenal should look to...
No description available...
4h ago from SportsKeeda.com
Comments
Hottest News
FIA announce crucial top three UPDATE in China after...
The top three drivers for Saturday's sprint race... Read More »
4h ago from GPFans.com
Ricciardo: If I’m getting my arse whipped I don’t...
Daniel Ricciardo shrugged off rumours, wafting... Read More »
1h ago from GrandPrix247.com
F1 team unveil star-studded lineup in China
McLaren star Oscar Piastri has joined two other... Read More »
39m ago from GPFans.com