News Details

More Lotus creditors emerging in wake of Spa

It has emerged Charles Pic is not the only creditor of the embattled Lotus team. Prior to the black and gold cars being impounded by court bailiffs at Spa-Francorchamps, the Enstone team was already running into financial trouble. Xtrac, a transmission specialist, had filed a ‘winding up' petition in the British high court, while Pirelli had threatened not to release tyres due to an unpaid bill. The problems then came to a head in Belgium, when disgruntled former reserve driver Charles Pic pressed his claim for $800,000 that was enforced when bailiffs entered the paddock and seized Lotus' race equipment. La Gazzetta dello Sport reports that Lotus has now returned to its UK...
Full Story »
8y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Pic court action may result in Lotus cars being seized

Yet another cloud has formed above the troubled Lotus team's garage, as...
8y ago from GrandPrix247.com

Pirelli woes at Spa boost to Michelin F1 aspirations

Michelin's bid to oust or join Pirelli as Formula 1's official tyre...
8y ago from GrandPrix247.com

Lotus shine despite mounting off-track problems

Troubled Lotus enjoyed their best qualifying performance of the season at...
8y ago from GrandPrix247.com

‘No panic’ as Lotus looks into uncertain future...

Even amid high speculation about the team's future, Lotus is continuing to...
8y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

Aldeguer signs two-year MotoGP deal with Ducati for...

Fermín Aldeguer will make the step up to MotoGP in 2025, having agreed a...
17h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Lundqvist: CGR resources are ‘everything I could...

Linus Lundqvist is one of three rookies contesting the entirety of the...
17h ago from MotorsportWeek.c...

Consistency a top priority for Ericsson at ‘up and...

As Marcus Ericsson enters his sixth year racing in the NTT IndyCar Series,...

Popular On TotalWRC.com

Kenjiro Shinozuka, 1948–2024

Kenjiro Shinozuka, the 1997 Paris–Dakar Rally victor and 2× World Rally...
12h ago from TheCheckeredFlag...

Popular On GunnersToday.com

Bayern Munich have joined Chelsea in the race to sign...

Along with Chelsea, German giants Bayern Munich are now interested in...
18m ago from CaughtOffside.com

Arsenal include Newcastle United star on summer...

Arsenal will prioritise the signing of a new striker in the summer...
8m ago from CaughtOffside.com

Arsenal and Tottenham target moves closer to £60m...

Pedro Neto is expected to have played his final game for Wolves, pushing...
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.