XPB Images According to company accounts, Renault paid just £1 to take over Lotus and return as works team to Formula 1. The French manufacturer purchased a 90 percent stake in the team, while previous owner Genii Capital, along with its subsidiary Gravity Motorsports, retain a 10 percent interest. The sophisticated deal saw Genii forced to write off an estimated £98.2 million in shareholder loans in order to allow Renault to start from a clean financial slate. The write-off is also most probably why the Luxembourg based holding has retrained a minority interest , in order to one day recover part of its sustained losses. Renault acquired Lotus through its wholly-owned Grigny...
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