News Details

New sponsor for Lotus

The beleaguered Lotus team have announced a new sponsorship deal with Saxo Bank, a Danish investment institution.Although the financial terms of the arrangement are unknown, the news is a welcome and pressure-relieving fillip for the struggling Enstone-based outfit. It was revealed last week that, despite finishing fourth in the Constructors' Championship, the team had accumulated debts in excess of £100m during 2013 and talks had been terminated with the Quantum Motorsport consortium about acquiring a 35% stake. Despite new recruit Pastor Maldonado being attached to significant sponsorship backing, concerns about Lotus's future have heightened this month. The team are to miss the...
Full Story »
2y ago from SkySports.com 0
Share

You May Also Be Interested In...

Lopez says all is well but Quantum deal is dead while...

Lopez says all is well but Quantum deal is dead while Ijaz claims to be a...
2y ago from GrandPrix247.com

Lotus resume talks with Quantum after new offer

Lotus co-owner Gerard Lopez recently confirmed that the Quantum deal was...
2y ago from TheF1Times.com

Lotus owner insists all is well despite concerns

Lotus team owner Gerard Lopez has moved to allay fears that the team is...
2y ago from TheF1Times.com

Lopez says all is well at Lotus but reveals that...

Lopez says all is well at Lotus but reveals that Quantum deal is dead 16...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Smith undergoes surgery after Oschersleben Endurance...

MotoGP star Bradley Smith looks likely to miss next weekend’s...
8h ago from BikeSportNews.com

MotoGP: Smith awaiting scan results on knee injury

Monster Yamaha Tech 3 rider Bradley Smith is awaiting the results of an...

MotoGP: Smith happy with KTM testing pace

KTM’s 2017 rider Bradley Smith says that he’s delighted with the...
18h ago from MotorcycleNews.c...

GP winner Prein set to join Mackenzie in Silverstone...

Prein will go head to head with Mackenzie and Alan Carter at the 2016...
17h ago from BikeSportNews.com

Popular On IndyCarToday.com

INDYCAR: Firestone clarifies Texas tire allotment

Firestone has clarified the allotment of tires to all teams for Saturday...
8h ago from Racer.com

2017 schedule promotes continuity, adds Gateway

Indycar has announced a 17-race 2017 season that, while providing...
14h ago from Crash.net

IndyCar reveals 17-race 2017 calendar

– IndyCar officials have revealed an expanded 17-race 2017...
21h ago from GPUpdate.net

VIDEO: Close shave for Castroneves

Helio Castroneves has escaped injury after a pitlane crash which involved...
1d ago from SpeedCafe.com

Popular On TotalWRC.com

Mikkelsen: It still felt like a victory

Fourth in Germany but Mikkelsen remains positive
16h ago from WRC.com

Germany driver report: part 2

Advertising Thierry Neuville (Hyundai i20) Result: 3rdA podium finish...
1d ago from WRC.com

Lappi breaks silence over Toyota rumours

Talks have taken place at Toyota's rally base
2d ago from WRC.com

Teams want China as a candidate rally in 2017

Multi-million pound losses caused by the cancellation of Rally China have...
2d ago from EuroSport.com

Popular On GunnersToday.com

Gilberto Silva unhappy to see Thierry Henry coaching...

Gilberto Silva unhappy to see Thierry Henry coaching away from Arsenal...
4h ago from DailyMail.co.uk

(Video) 30m is a bargain for 23-year-old Chelsea...

Reports in Italy are linking 23-year-old Inter Milan midfielder Marcelo...
1h ago from CaughtOffside.com

Arsene Wenger: I'm not spending £52m om Mustafi and...

Arsenal are set to announce the £52million signings of Valencia...
7h ago from Express.co.uk

Snapped: Arsenal unveil new pictures of summer signing

ARSENAL have unveiled some new pictures of summer signing Takuma Asano.
12h ago from Express.co.uk

Comments

Hottest News

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.