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Lotus F1 secures Saxo Bank, 2014 budget

Lotus F1 revealed last week that the team was 100 million in debt but today’s news may help toward alleviating some of that pressure as Saxo Bank has joined as a new sponsor. According to team boss Eric Boullier, the team has now secured enough cash for a budget in 2014 and should have the resources to make it another year telling AUTOSPORT: “The team is in good shape now definitely with some guarantees over the operational finance needs,” he said. “I think now at least for 2014 and a little bit beyond, the team now can stabilize. We can bring a little bit of quietness, so not being as intense but still performing.” It’s surely a challenge to be running on a year-to-year basis...
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2y ago from Formula1Blog.com 0
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