News Details

New sponsor for Lotus

The beleaguered Lotus team have announced a new sponsorship deal with Saxo Bank, a Danish investment institution.Although the financial terms of the arrangement are unknown, the news is a welcome and pressure-relieving fillip for the struggling Enstone-based outfit. It was revealed last week that, despite finishing fourth in the Constructors' Championship, the team had accumulated debts in excess of £100m during 2013 and talks had been terminated with the Quantum Motorsport consortium about acquiring a 35% stake. Despite new recruit Pastor Maldonado being attached to significant sponsorship backing, concerns about Lotus's future have heightened this month. The team are to miss the...
Full Story »
2y ago from SkySports.com 0
Share

You May Also Be Interested In...

Lopez says all is well but Quantum deal is dead while...

Lopez says all is well but Quantum deal is dead while Ijaz claims to be a...
2y ago from GrandPrix247.com

Lotus resume talks with Quantum after new offer

Lotus co-owner Gerard Lopez recently confirmed that the Quantum deal was...
2y ago from TheF1Times.com

Lotus owner insists all is well despite concerns

Lotus team owner Gerard Lopez has moved to allay fears that the team is...
2y ago from TheF1Times.com

Lopez says all is well at Lotus but reveals that...

Lopez says all is well at Lotus but reveals that Quantum deal is dead 16...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Lorenzo could be in trouble - Crutchlow

Cal Crutchlow believes that Jorge Lorenzo is showing signs of being...
46m ago from SuperSport.com

Crutchlow: Ducati needs Marquez, not Lorenzo, to be...

Former Ducati factory rider Cal Crutchlow says the Italian marque should...
19h ago from Motorsport.com

Mamola column: Why Rossi needs to watch his manners

In his latest column for Motorsport.com, former 500cc star Randy Mamola...
1d ago from Motorsport.com

Yamaha insists it hasn't "gone backwards” amid...

Yamaha MotoGP team director Massimo Meregalli insists his team has not...
22h ago from Motorsport.com

Popular On IndyCarToday.com

Schmidt gains driving license, aims for In-N-Out

Sam Schmidt was today presented with America’s first driver’s license...
8h ago from Motorsport.com

Schmidt to receive autonomous vehicle driver license

Schmidt Peterson Motorsports (SPM) team co-owner Sam Schmidt today becomes...
16h ago from Motorsport.com

Robin Miller's Mailbag for September 28, presented by...

Page 1 of 6 Welcome to the Robin Miller Mailbag as presented by Honda...
20h ago from Racer.com

In RACER Magazine: Back to Front

Setbacks don't get much bigger than James Hinchcliffe's near-fatal crash...
14h ago from Racer.com

Popular On TotalWRC.com

WRC announces provisional 2017 calendar

World Rally Championship organisers have unveiled a provisional 12-round...
13h ago from Motorsport.com

Recce notes: Tour de Corse

Advertising Here’s an overview of what caught our eye when we completed...
15h ago from WRC.com

Ogier targets fourth WRC title in Corsica

Advertising The Frenchman, who is the reigning world champion after...
20h ago from WRC.com

Final fling for Evans’ title bid

Advertising Evans finished second overall at the Mediterranean island...
19h ago from WRC.com

Popular On GunnersToday.com

Arsenal 10-2 Basel: By the Numbers

Arsenal blitzed FC Basel for a 2-0 win in Champions League group stage...
2h ago from News.ArseBlog.com

Hector Bellerin dines with Bollywood star Esha...

Hector Bellerin dines with Bollywood star Esha Gupta... is she the...
20h ago from DailyMail.co.uk

Wenger: Difficult to ignore Walcott

e Wenger lauded Arsenal winger Theo Walcott's talents following a great...
7h ago from ESPNFC.co.uk

Ozil: Arsenal Deserved To Win By More

Mesut Ozil says the scoreline did not reflect Arsenal’s dominance after...
1h ago from AllArsenal.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.