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 »
Full Story »
10y ago from TheF1Times.com
0
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...
How MotoGP brakes work: Secrets of stopping a 220mph...
No description available...
15h ago from Motorsport.com
Quartararo: Marquez's Honda exit "woke a lot of...
No description available...
19h ago from Motorsport.com
COTA: F1 and MotoGP double-header possible but not...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
20h ago from Motorsport.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...
2d ago from MotorsportWeek.c...
IndyCar rolling out new version of aeroscreen for Long...
No description available...
2d ago from Motorsport.com
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...
Hyundai enacts contingency plan after WRC Kenya fuel...
No description available...
15h ago from Motorsport.com
WRC 2025 rules limbo creating “critical” situation...
No description available...
18h ago from Motorsport.com
Ireland’s bid to rejoin the WRC in 2025 halted
No description available...
2d ago from Motorsport.com
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
F1 Sprint Qualifying Results: Chinese Grand Prix 2024 times...
George Russell saved himself from an ignominious... Read More »
1h ago from GPFans.com
F1 Sprint Qualifying Results: Chinese Grand Prix 2024 times...
A wet end to qualifying left the grid for... Read More »
50m ago from GPFans.com
2024 F1 Chinese Grand Prix - Free Practice results
Check out the results from Free Practice ahead of... Read More »
4h ago from RacingNews365.com