News Details

Lotus sells minority stake to Russian company

Lotus have sold a minority stake in the team to Russia's Yota Devices, according to a company spokesperson. YotaPhone, a subsidiary of the company, was seen on the front-wing endplates of the E22 teased by Lotus on Twitter last week. Company spokesperson Kirill Lubnin told Autosport that it wasn't just a sponsor deal, but in fact they had taken ownership of a small stake. "It is not a sponsorship, we have bought a stake," he said. "It is also important to underline that it was not our company which made the deal but our owners." It isn't clear what per cent Yota Devices has bought, but it's believed to be between eight and 10 per cent.
Full Story »
3y ago from TheF1Times.com 0
Share

You May Also Be Interested In...

Lotus sells minority stake to Russian firm

– Lotus owner Genii Capital has sold a stake in the outfit to...
3y ago from GPUpdate.net

Toro Rosso signs sponsorship deal with investment...

Toro Rosso signs sponsorship deal with investment company 24 January,...
3y ago from GrandPrix247.com

New sponsor for Lotus

The beleaguered Lotus team have announced a new sponsorship deal with Saxo...
3y ago from SkySports.com

Quantum insists Lotus deal not dead

Despite quotes to the contrary from team owner Gerard Lopez, Quantum...
3y ago from Crash.net

Elsewhere On The Network

Popular On MGPToday.com

WorldSBK and BSB now available on Amazon, MotoGP next?

Amazon will now broadcast Eurosport and ITV content, and is in the running...
20h ago from BikeSportNews.com

‘Nicky will be missed by all of us’ - Wayne...

Rainey says Nicky Hayden will be remembered for his work ethic, his...
1d ago from BikeSportNews.com

MotoGP Le Mans: Last-lap crash a mystery for Rossi

Rossi is mystified by the last-lap crash which saw him lose at least 20...
3d ago from BikeSportNews.com

Hayden in critical condition after collision with car...

Ex MotoGP world champion and current Honda World Superbike factory rider...
1w ago from MotoGPFanatic.com

Popular On IndyCarToday.com

IndyCar releases new images of '18 aero

IndyCar’s 2018 universal bodywork is “99 percent” finished...
10h ago from Racer.com

IndyCar unveils full renders of 2018 bodywork

IndyCar has released new renders which show in full the aerodynamic kits...
4h ago from SpeedCafe.com

OREOVICZ: Five (other) drivers to watch at Indy

Speedcafe.com's IndyCar expert John Oreovicz casts his eye through the...
7h ago from SpeedCafe.com

Bourdais eager to make race return says team boss Coyne

Sebastien Bourdais has been told to focus on recovering from his Indy 500...

Popular On TotalWRC.com

Carlos Sainz drives Rally Portugal's Fafe stage with...

Two-time World Rally Champion Spaniard back at the wheel of a rally car on...
15h ago from TheCheckeredFlag...

2017 Vodafone Rally de Portugal – Analysis:...

Sebastian Ogier used all his skill and guile to take an intelligent win in...
15h ago from TheCheckeredFlag...

Vodafone Rally de Portugal: Debrief part 2

Vodafone Rally de Portugal:Debrief part 2 First in a run of four European...
14h ago from WRC.com

Portugal debrief: part 1

Portugal debrief: part 1 In the opening part of our look back at an...
22h ago from WRC.com

Popular On GunnersToday.com

Road to the FA Cup final: Arsenal vs. Chelsea

e Arsenal and Chelsea's respective journeys to Saturday's FA Cup final at...
4h ago from ESPNFC.co.uk

Cahill: Manchester attack 'devastating impact' on...

Manchester terror attack has had 'devastating impact' on Chelsea players,...
7h ago from DailyMail.co.uk

Will Per Mertesacker start the final?

Per Mertesacker has the leadership qualities to make his mark on the...
7h ago from Arsenal.com

EXCLUSIVE: Transfer for Celtic star Moussa Dembele is...

GETTY Moussa Dembele has been linked with Everton, Arsenal, Liverpool and...
7h ago from DailyStar.co.uk

Comments

Hottest News

Renault puts partner Red Bull in its place

Renault Sport F1 boss Cyril Abiteboul is taking... Read More »
21h ago from F1i.com

Gallery: All the pictures from Wednesday in Monaco

You'll find here all the links to our Monaco... Read More »
8h ago from F1i.com

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.