News Details
Lotus confirm Quantum over
Lotus owner Gerard Lopez has played down fears about their financial future and also confirmed that attempts by Quantum Motorsport to take a stake in the team have failed.Speaking to Germany's Auto Motor Und Sport, Lopez revealed that Lotus had amassed a total of £114million in debt last year, of which around £80million was owed to Lopez's company Genii Capital.
That money has been accounted for as "marketing expenses" with the Enstone team now relying on backing provided by Venezuelan state oil company PDVSA, which sponsors new recruit Pastor Maldonado.
Concerns about Lotus's future have heightened in recent weeks, with the team announcing their intention to miss the...
Full Story »
Full Story »
10y ago from SkySports.com
0
You May Also Be Interested In...
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: Quantum money 'never arrived' at Lotus
Lotus F1 Team owner Gerard Lopez has spoken out about the team's...
10y ago from RichlandF1.com
Lopez admits to £114m Lotus debt
Lotus chairman Gerard Lopez has revealed that his team is £114m in...
10y ago from Pitpass.com
Lopez plays down Lotus collapse speculation
January 15th, 2014 (F1plus/GMM).- Lotus owner Gerard Lopez has moved to...
10y ago from F1Plus.com
Elsewhere On The Network
Popular On MGPToday.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
13h ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
17h ago from Motorsport.com
Marquez: Rossi-like Acosta can't be ruled out of...
No description available...
1d ago from Motorsport.com
Quartararo stresses ‘quality over quantity’ with...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Power “didn't have any defense” against Dixon due...
No description available...
9h ago from Motorsport.com
Brake issues hinder Rosenqvist’s chances for victory...
No description available...
9h ago from Motorsport.com
Arrow McLaren confirms Pourchaire for Barber...
No description available...
17h ago from Motorsport.com
Pourchaire earns second IndyCar outing with Arrow...
Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
17h ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
1d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
1d ago from Motorsport.com
Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...
Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...
1d ago from MotorsportWeek.c...
Ogier's last-gasp Croatia Rally victory on surprising...
There had been no major incident on WRC Croatia for 17 stages. That...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal, Kai Havertz set new records in Chelsea...
Arsenal set a new club record while Kai Havertz achieves an all-time first...
59m ago from SportsMole.co.uk
Ally McCoist highlights how Arsenal star did something...
No description available...
29m ago from SportsKeeda.com
“Love it” - Arsenal target reacts as Jurrien...
No description available...
29m ago from SportsKeeda.com
Chelsea set 2 unwanted club records after embarrassing...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Marko makes striking revelation about Perez's contract...
Helmut Marko has revealed details of contract... Read More »
1h ago from RacingNews365.com
Ayrton Senna's 'most famous' car is for sale with a hefty...
One of Ayton Senna's most famous cars could be... Read More »
39m ago from GPBlog.com
Stroll defended by fellow driver over Ricciardo crash
The Aston Martin driver has received a... Read More »
29m ago from RacingNews365.com