News Details

Lotus sells minority stake to Russian company

Lotus have sold a minority stake in the team to Russia's Yota Devices, according to a company spokesperson. YotaPhone, a subsidiary of the company, was seen on the front-wing endplates of the E22 teased by Lotus on Twitter last week. Company spokesperson Kirill Lubnin told Autosport that it wasn't just a sponsor deal, but in fact they had taken ownership of a small stake. "It is not a sponsorship, we have bought a stake," he said. "It is also important to underline that it was not our company which made the deal but our owners." It isn't clear what per cent Yota Devices has bought, but it's believed to be between eight and 10 per cent.
Full Story »
10y ago from TheF1Times.com 0
Share

You May Also Be Interested In...

Lotus sells minority stake to Russian firm

– Lotus owner Genii Capital has sold a stake in the outfit to...
10y ago from GPUpdate.net

Toro Rosso signs sponsorship deal with investment...

Toro Rosso signs sponsorship deal with investment company 24 January,...
10y ago from GrandPrix247.com

New sponsor for Lotus

The beleaguered Lotus team have announced a new sponsorship deal with Saxo...
10y ago from SkySports.com

Quantum insists Lotus deal not dead

Despite quotes to the contrary from team owner Gerard Lopez, Quantum...
10y ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

Ducati: Bastianini's COTA MotoGP podium an...

Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
15h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Pourchaire to make IndyCar debut in Long Beach with...

Arrow McLaren has announced that the reigning Formula 2 champion Theo...
20h ago from MotorsportWeek.c...

IndyCar's new Aeroscreen makes early debut at Long...

The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...

Popular On TotalWRC.com

Sebastian Ogier tops Croatia Rally shakedown

Sébastien Ogier announced his return to FIA World Rally Championship...
13h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Chelsea, Newcastle United 'considering move for...

Chelsea and Newcastle United are allegedly contemplating a summer move for...
50m ago from SportsMole.co.uk

Manchester United & Arsenal would directly...

Julian Nagelsmann could make several changes in the Bayern Munich squad...
30m ago from CaughtOffside.com

'Pressure is on, Mikel' – Collymore questions...

Mikel Arteta couldn't hide his disappointment after Arsenal were dumped...
40m ago from CaughtOffside.com

Collymore’s column: Arteta might not be right for...

In his exclusive column for CaughtOffside, former Aston Villa and...
1h ago from CaughtOffside.com

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.