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 »
1y 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...
1y ago from GrandPrix247.com

Lotus resume talks with Quantum after new offer

Lotus co-owner Gerard Lopez recently confirmed that the Quantum deal was...
1y 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...
1y 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...
1y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MotoGPToday.com

Aprilia unveil RS-GP MotoGP contender

Aprilia officially unveiled their 2015 MotoGP bike today in Italy with...

Fausto Gresini on ‘exciting’ new Aprilia adventure

<p> New Aprilia factory team manager Fausto Gresini talks...
1h ago from MotoGP.com

One rider team excites Redding

Scott Redding will be the only rider for the team in the premier class as...
2h ago from MotoGP.com

Aprilia reveals Melandri, Bautista MotoGP colours

Aprilia, making its factory return to MotoGP this season, has unveiled...
9h ago from Crash.net

Popular On IndyCarToday.com

IndyCar: Primary sponsor for Hinchcliffe's SPM entry...

Schmidt Peterson Motorsports has announced that Denver-based technology...
6h ago from Racer.com

IndyCar: Teams take delivery of aero kits ahead of...

Teams aligned with either Chevrolet or Honda have taken delivery of the...
1d ago from Racer.com

Testing IndyCar's aero kits with Tony Kanaan

Tony Kanaan spoke in an interview with Motorsport.com about his time...
2d ago from Motorsport.com

Ed Jones and Carlin Racing Shine at Soggy Barber Test

Indy Lights Presented by Cooper Tires made the prudent decision to...

Popular On TotalWRC.com

Team Kubica wins WRC livery poll

The RK World Rally Team won a landslide victory with a whopping 51% of...
3h ago from WRC.com

The lowdown on high altitude stages

Mexico features the highest stage of the season
4h ago from WRC.com

ERC: Driver registrations near 60

Registrations continue to arrive for the 2015 FIA European Rally...
8h ago from Crash.net

News in brief: Mexico

Longer Power Stage: Sunday’s El Brinco Power Stage (pictured above),...
20h ago from WRC.com

Popular On GunnersToday.com

Are Arsenal really in contention to land this in-form...

Borussia Dortmund’s current in-form winger, 25-year-old Pierre-Emerick...
56m ago from FootballFancast....

Could this really be his best position at Arsenal?

With Arsenal’s hunt for a top four finish and another season of...

QPR 1-2 Arsenal: Giroud and Alexis secure three big...

Match report – Player ratings – Video Not our most convincing...
1h ago from Arseblog.com

Arsenal And Manchester United Target Stalls On New...

Ilkay Gundogan has yet to commit his future to Borussia Dortmund....
5h ago from CaughtOffside.com

Comments

comments powered by Disqus

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.