News Details
Lotus in financial trouble as debts mount
Gerard Lopez with Kimi Raikkonen in happier times
Alarming news is emerging about the financial health of Lotus team owner Gerard Lopez has emerged and the investment company he runs.
Together with Eric Lux, fellow Luxembourger Lopez heads Genii Capital, which owns the Enstone based team.
After finishing a strong fourth in the last two constructors' world championships, Lotus is currently down in eighth and battling with backmarkers, after a particularly difficult first half to the 2014 campaign.
And according to the Luxembourg newspaper Tageblatt, the financial news is even worse.
Accounts just filed with the commercial register for 2012 show an annual loss of almost 53 million, with...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Lotus F1 owner’s losses, debts continue to worsen...
Lotus F1 owner's losses, debts continue to worsen – reportPosted On...
9y ago from ThisIsF1.com
Lotus owner's losses, debts continue to worsen?
Alarming news about the financial health of Lotus team owner Gerard Lopez...
9y ago from GrandPrix.com
Maldonado would welcome cigarette sponsor at Lotus
Maldonado would welcome cigarette sponsor at LotusPosted On 25 Jul 2014By...
9y ago from ThisIsF1.com
Maldonado would welcome JPS back at Lotus
JPS has history in F1 here with Ayrton Senna in 1985
Pastor Maldonado...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
How MotoGP brakes work: Secrets of stopping a 220mph...
No description available...
10h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
10h ago from MotorsportWeek.c...
Quartararo: Marquez's Honda exit "woke a lot of...
No description available...
15h ago from Motorsport.com
COTA: F1 and MotoGP double-header possible but not...
No description available...
13h ago from Motorsport.com
Popular On IndyCarToday.com
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
15h ago from Motorsport.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
15h 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
Sebastian Ogier tops Croatia Rally shakedown
Sébastien Ogier announced his return to FIA World Rally Championship...
9h ago from MotorsportWeek.c...
Hyundai enacts contingency plan after WRC Kenya fuel...
No description available...
11h ago from Motorsport.com
WRC 2025 rules limbo creating “critical” situation...
No description available...
14h ago from Motorsport.com
Ireland’s bid to rejoin the WRC in 2025 halted
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plotting £165m swoop for Premier League...
Arsenal are reportedly weighing up a £165m deal to lure two Premier...
4h ago from SportsMole.co.uk
Bayern Munich shotstopper Manuel Neuer sets Champions...
No description available...
10h ago from SportsKeeda.com
Didi Hamann believes Arsenal man's error in first-leg...
No description available...
9h ago from SportsKeeda.com
'I do think the Gunners will find a way' - Chris...
No description available...
9h ago from SportsKeeda.com
Comments
Hottest News
Kravitz and Rosberg know why Alonso is not going to Red...
Ted Kravitz and Nico Rosberg are sure: Fernando... Read More »
55m ago from GPBlog.com
Chinese Grand Prix practice red flagged after BIZARRE fire
An unusual issue occurred at the Shanghai... Read More »
45m ago from GPFans.com
F1 LIVE | Follow the first free practice for the Chinese GP...
Much to the liking of the European fans, this is... Read More »
2h ago from GPBlog.com