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 »
Full Story »
10y ago from Pitpass.com
0
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...
10y 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...
10y ago from TheF1Times.com
Lopez plays down Lotus collapse speculation
January 15th, 2014 (F1plus/GMM).- Lotus owner Gerard Lopez has moved to...
10y ago from F1Plus.com
Lopez plays down Lotus collapse fears
Lotus owner Gerard Lopez has moved to allay fears the Enstone based team...
10y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
18h ago from MotorsportWeek.c...
How MotoGP brakes work: Secrets of stopping a 220mph...
No description available...
18h ago from Motorsport.com
Quartararo: Marquez's Honda exit "woke a lot of...
No description available...
23h ago from Motorsport.com
COTA: F1 and MotoGP double-header possible but not...
No description available...
21h ago from Motorsport.com
Popular On IndyCarToday.com
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
23h ago from Motorsport.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
23h ago from MotorsportWeek.c...
IndyCar's new Aeroscreen makes early debut at Long...
The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...
2d ago from MotorsportWeek.c...
IndyCar rolling out new version of aeroscreen for Long...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Croatia: Neuville sets the pace to lead title...
No description available...
1h ago from Motorsport.com
Hyundai enacts contingency plan after WRC Kenya fuel...
No description available...
18h ago from Motorsport.com
WRC 2025 rules limbo creating “critical” situation...
No description available...
21h ago from Motorsport.com
Sebastian Ogier tops Croatia Rally shakedown
Sébastien Ogier announced his return to FIA World Rally Championship...
16h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Wolverhampton Wanderers looking to prevent two Arsenal...
Wolverhampton Wanderers will be looking to prevent Arsenal from setting...
47m ago from SportsMole.co.uk
Newcastle and Chelsea consider move for 25-year-old...
According to reports, Newcastle United and Chelsea are considering moves...
37m ago from CaughtOffside.com
“They were frightened by Aston Villa” - Mark...
No description available...
1h ago from SportsKeeda.com
“He has to do something about that” - Ian Wright...
No description available...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 Sprint Qualifying Results: Chinese Grand Prix 2024 times...
George Russell saved himself from an ignominious... Read More »
4h ago from GPFans.com
FIA CANCEL important drivers' meeting after huge drama in...
An important meeting set to be held with all of... Read More »
1h ago from GPFans.com
F1: Chinese Grand Prix: Sprint Shootout team notes - Ferrari
We are working a bit in the dark and the asphalt... Read More »
57m ago from Pitpass.com