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 »
1y 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...
1y ago from ThisIsF1.com

Lotus owner's losses, debts continue to worsen?

Alarming news about the financial health of Lotus team owner Gerard Lopez...
1y ago from GrandPrix.com

Maldonado would welcome cigarette sponsor at Lotus

Maldonado would welcome cigarette sponsor at LotusPosted On 25 Jul 2014By...
1y ago from ThisIsF1.com

Maldonado would welcome JPS back at Lotus

JPS has history in F1 here with Ayrton Senna in 1985 Pastor Maldonado...
1y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Iannone: "Lorenzo and I could be the perfect...

Following Jorge Lorenzo's move to Ducati for 2017, Andrea Iannone has a...
14h ago from Motorsport.com

Espargaro says Tech 3 “needs more support” from...

Tech 3 Yamaha rider Pol Espargaro has urged for the Japanese factory to...
8h ago from Motorsport.com

Extra GP grid space withdrawn

The 24th MotoGP grid space set to be made available for the 2017 season...
12h ago from MotorcycleNews.c...

Marquez wants to see MotoGP winglets banned

Marc Marquez has gone on the record to admit that he would like to see...

Popular On IndyCarToday.com

IndyCar to seek replacement for Boston

IndyCar is expected to explore replacement venues after promoters of the...
1h ago from SpeedCafe.com

INDYCAR: Saavedra ruled out of Indy 500

AFS Racing team owner Gary Peterson and driver Sebastian Saavedra have...
6h ago from Racer.com

MILLER: Healing IndyCar's black eye

An IndyCar biggie called over the weekend and was miffed about two...
11h ago from Racer.com

Inaugural Boston IndyCar race cancelled

The inaugural Grand Prix of Boston has been cancelled, after promoters of...

Popular On TotalWRC.com

Video: The 2017 WRC cars, they'll be fine, stop...

How about we all just forget about our doubts and hesitations concerning...
14h ago from WorldRallyBlog.c...

New Generation i20 R5 on tarmac in Italy

Hyundai Motorsport’s testing of the New Generation i20 R5 moved from...

The WRC gallery: YPF Rally Argentina

The WRC gallery:YPF Rally Argentina The season's fourth round took crews...
1d ago from WRC.com

New Zealand APRC: Gill beats Kreim to take emphatic win

2013 Asia-Pacific Rally Champion Gaurav Gill overturned a 4.6s deficit to...
1d ago from Motorsport.com

Popular On GunnersToday.com

German giants make tempting offer to Arsenal for star...

One of the main reasons Arsenal are in a distant third on the table as...
7h ago from CaughtOffside.com

Wolfsburg offer Arsenal's Olivier Giroud escape route?

Arsenal striker Olivier Giroud has reportedly been targeted by Wolfsburg....
5h ago from SportsMole.co.uk

Arsenal News: Phone call hours before transfer,...

GETTY Joel Campbell, Olivier Giroud and Cesc Fabregas all feature in our...
7h ago from Express.co.uk

Arsene Wenger not planning to stay for '26 years' as...

Wenger is out of contract at the end of next season but has said he would...
5h ago from SportsKeeda.com

Comments

Hottest News

Hamilton fumes at stewarding as penalty looms

Lewis Hamilton has complained about "bloody... Read More »
16h ago from F1i.com

Fuel conservation cost McLaren '50 seconds'

McLaren's racing director, Eric Boullier... Read More »
10h ago from F1Hub.net

Vettel hits out at Kvyat over start incident

Russian Grand Prix – Sebastian Vettel has... Read More »
6h ago from FormulaSpy.com

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.