News Details

Lopez admits to £114m Lotus debt

Lotus chairman Gerard Lopez has revealed that his team is £114m in debt, whilst admitting that talks with Quantum Motorsport are dead and buried.At a time when many are concerned over the team's future, a situation not helped by the news that it will not attend the opening pre-season test, Lopez has opened up in an interview with Germany's Auto Motor und Sport.'We have about £114 million pounds of debt, of which more than £80 million is with ourselves,' he said, referring to Genii Capital. 'But what are we (Genii) going to do, demand repayment of the debt? That makes no sense. 'We are doing this because it is fiscally interesting. We can put the money down to marketing...
Full Story »
3y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Lopez: Quantum money 'never arrived' at Lotus

Lotus F1 Team owner Gerard Lopez has spoken out about the team's...
3y ago from RichlandF1.com

Lotus owner insists all is well despite concerns

Lotus team owner Gerard Lopez has moved to allay fears that the team is...
3y ago from TheF1Times.com

Lopez plays down Lotus collapse speculation

January 15th, 2014 (F1plus/GMM).- Lotus owner Gerard Lopez has moved to...
3y ago from F1Plus.com

Lopez plays down Lotus collapse fears

Lotus owner Gerard Lopez has moved to allay fears the Enstone based team...
3y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

Vinales wins season-opening Qatar MotoGP

Spain's Maverick Vinales on a Yamaha won the season-opening Qatar MotoGP...
5h ago from SuperSport.com

MotoGP Qatar: Sunday times and race results

Times and results from Sunday's MotoGP, Moto2 and Moto3 races in Qatar
8h ago from BikeSportNews.com

Main Race Results 2017 Qatar MotoGP

2017 MotoGP main race results for the Qatar Grand Prix Pos. Points Num....
5h ago from MotoGPFanatic.com

Maverick Vinales wins dramatic duel in Qatar as...

Maverick Viñales drew first blood in the opening race of the 2017...

Popular On IndyCarToday.com

Video: Mario Andretti drives CMS road course

Mario Andretti took some hot laps around Charlotte Motor Speedway's road...
2d ago from Racer.com

James Hinchcliffe Onboard Lap in Mercedes-AMG C 63 DTM

Following on from Robert Wickens taking on James Hinchcliffe's Indycar,...

Winds impact speeds at IMS IndyCar test

Graham Rahal led the way in Friday's six-hour Honda test at the...
2d ago from Racer.com

Remaining KV Racing assets ready for auction

A Dallara DW12 Indy car chassis, custom race car transporters and...
5d ago from Racer.com

Popular On TotalWRC.com

Regroup exclusive: Seb Marshall

Regroup exclusive: Seb Marshall In the latest edition of the Regroup...
17h ago from WRC.com

Germany rings the changes

New stages and a new service base in 2017
3d ago from WRC.com

Video: Teaser Tour de Corse 2017

Video: Teaser Tour de Corse 2017
1d ago from WRC.com

PRE-EVENT TEST VIDEOS #1 Tour de Corse 2017

PRE-EVENT TEST VIDEOS #1 (Fan Footage) Che Guevara Energy Drink Tour de...
2d ago from WRC.com

Popular On GunnersToday.com

Arsenal star sets goal tally: This is my aim... not...

GETTY Olivier Giroud: Arsenal striker wants to his 100 goal mark this...
4h ago from DailyStar.co.uk

Transfer News: Man Utd target Griezmann speaks,...

GETTY Mesut Ozil: Arsenal star 'comfortable' in north London Mesut Ozil...
5h ago from DailyStar.co.uk

Ladies: Birmingham 1-0 Arsenal - Report

Our bid to retain the SSE Women's FA Cup ends with quarter-final defeat at...
7h ago from Arsenal.com

Arsenal transfer guru Dick Law locked in talks with...

ARSENAL FC Arsenal news: Dick Law has been chatting to agents this week...
8h ago from DailyStar.co.uk

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.