News Details

Lotus in financial trouble as debts mount

Gerard Lopez with Kimi Raikkonen in happier times Alarming news is emerging about the financial health of Lotus team owner Gerard Lopez has emerged and the investment company he runs. Together with Eric Lux, fellow Luxembourger Lopez heads Genii Capital, which owns the Enstone based team. After finishing a strong fourth in the last two constructors' world championships, Lotus is currently down in eighth and battling with backmarkers, after a particularly difficult first half to the 2014 campaign. And according to the Luxembourg newspaper Tageblatt, the financial news is even worse. Accounts just filed with the commercial register for 2012 show an annual loss of almost 53 million, with...
Full Story »
2y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Lotus F1 owner’s losses, debts continue to worsen...

Lotus F1 owner's losses, debts continue to worsen – reportPosted On...
2y ago from ThisIsF1.com

Lotus owner's losses, debts continue to worsen?

Alarming news about the financial health of Lotus team owner Gerard Lopez...
2y ago from GrandPrix.com

Maldonado would welcome cigarette sponsor at Lotus

Maldonado would welcome cigarette sponsor at LotusPosted On 25 Jul 2014By...
2y ago from ThisIsF1.com

Maldonado would welcome JPS back at Lotus

JPS has history in F1 here with Ayrton Senna in 1985 Pastor Maldonado...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Lowes to stand in for Smith at Silverstone and Misano...

Lowes could race in the next two MotoGP races as he stands in for the...
3h ago from BikeSportNews.com

MotoGP: Smith happy with KTM testing pace

KTM’s 2017 rider Bradley Smith says that he’s delighted with the...

Smith undergoes surgery after Oschersleben Endurance...

MotoGP star Bradley Smith looks likely to miss next weekend’s...
2d 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...

Popular On IndyCarToday.com

Texas 600: Top 10 quotes after race

Graham Rahal edges Hinchcliffe in 1-2 finish for Honda in Texas P. N°...
5h ago from Motorsport.com

INDYCAR: Pagenaud kept cool - and points lead

It might have been the decision that ends up helping Simon Pagenaud earn...
4h ago from Racer.com

Rahal denies Hinchcliffe in thrilling Texas finish

Graham Rahal secured his first victory of the season in a thrilling race...

VIDEO: Robin Miller with Graham Rahal at Texas

Graham Rahal visits with Robin Miller and The RACER Channel after his...
4h ago from Racer.com

Popular On TotalWRC.com

Wrc.com video playlist: Germany

Our selection of must-see clips from round nine
4h ago from WRC.com

Red Bull Global Rallycross season resumes in Atlantic...

Two new entries join the Supercar grid to produce a season-high of 13...
1d ago from Motorsport.com

Lappi breaks silence over Toyota rumours

Talks have taken place at Toyota's rally base
4d ago from WRC.com

Mikkelsen: It still felt like a victory

Fourth in Germany but Mikkelsen remains positive
2d ago from WRC.com

Popular On GunnersToday.com

Calum Chambers On The Verge Of Arsenal Exit

Reports are out claiming that Calum Chambers is expected to leave Arsenal...
1h ago from Nastytackle.com

Watford vs Arsenal REPORT score: Plus other Premier...

Chelsea romped past Burnley and Arsenal beat Watford on a frenetic Premier...
2h ago from DailyMail.co.uk

Sam Allardyce announces his first England squad:...

GETTY GAFFER: Sam Allardyce Allardyce replaced Roy Hodgson after Euro...
2h ago from DailyStar.co.uk

Koscielny: New faces will help with fixture pile-up

Laurent Koscielny says the arrival of Shkodran Mustafi and Lucas Perez...
12h ago from News.ArseBlog.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.