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Lotus owner reveals £114m debt

id="story_continues_1" itemprop="description"> The owner of Lotus has revealed the team have £114m of debt, but insists their future is not in doubt. Gerard Lopez, co-owner of the Genii Capital investment company that runs Lotus, says most of the debt is internal. He added that Kimi Raikkonen, who quit two races before the end of last season because of non-payment, had 'got part of his salary and will get the rest'. Lotus owed Raikkonen 17.15m euros (£14.5m) at the end of the season. Lopez told Germany's Auto Motor Und Sport magazine: 'We have around £114m of debt, of which more than £80m debt is with ourselves (Genii). Why would we demand the repayment of these...
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1y ago from BBC.co.uk 0
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