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 »
3y ago from GrandPrix247.com 0
Share

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...
3y ago from ThisIsF1.com

Lotus owner's losses, debts continue to worsen?

Alarming news about the financial health of Lotus team owner Gerard Lopez...
3y ago from GrandPrix.com

Maldonado would welcome cigarette sponsor at Lotus

Maldonado would welcome cigarette sponsor at LotusPosted On 25 Jul 2014By...
3y ago from ThisIsF1.com

Maldonado would welcome JPS back at Lotus

JPS has history in F1 here with Ayrton Senna in 1985 Pastor Maldonado...
3y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Valencia MotoGP test: Yamaha have a lot of work do,...

Rossi believes Yamaha have got to come up with something new to fix their...
3d ago from BikeSportNews.com

Redding ‘expected easier switch’ to Aprilia at...

Redding spent two days getting used to Aprilia's MotoGP RS-GP but admits...
2d ago from BikeSportNews.com

Valencia MotoGP test: 2018 RC213V ‘special'...

Crutchlow, Marquez and Pedrosa got a brand new RC213V for the Valencia...
4d ago from BikeSportNews.com

Valencia MotoGP test: Yamaha use seven M1s to choose...

Yamaha had seven YZR-M1s in their works garage on day one of MotoGP...
5d ago from BikeSportNews.com

Popular On IndyCarToday.com

Patrick to close career with Daytona, Indy in 2018

Danica Patrick broke down in tears as she confirmed 2017 was her last...
2d ago from Racer.com

Ganassi confirms Daytona, Indy talks with Patrick

Michael Andretti, Bobby Rahal and Roger Penske aren't interested in...
2d ago from Racer.com

Rahal confident Patrick can star again at Indy

Danica Patrick's first IndyCar team owner is confident the NASCAR star...
2d ago from Racer.com

Shank exploring Schmidt IndyCar pairing, Acura...

Michael Shank Racing could announce a dual Honda/Acura program next month...
2d ago from Racer.com

Popular On TotalWRC.com

Sunday in Australia: Neuville secures fourth win

Sunday in Australia:Neuville secures fourth win Thierry Neuville clinched...
1d ago from WRC.com

SS12/13: Neuville pulls clear

Meeke retires with broken suspension
2d ago from WRC.com

SS17-19: Rain brings drama

SS17-19: Rain brings drama Torrential rain threatened to provide a...
1d ago from WRC.com

BREAKING NEWS: Neuville wins in Australia

Belgian secures second in championship
1d ago from WRC.com

Popular On GunnersToday.com

Reports: Barcelona ready stunning swap deal for...

What's the story? Arsenal superstar Mesut Ozil is all set to make a...
1h ago from SportsKeeda.com

Arsenal set to sign Borussia Dortmund chief scout Sven...

Arsenal set to sign Borussia Dortmund chief scout Sven Mislintat in...
1h ago from DailyStar.co.uk

Arsenal transfer news: Bale to replace Sanchez, Wenger...

Former Arsenal midfielder urges club to replace Sanchez with Bale Alexis...
1h ago from SportsKeeda.com

UCL giants emerge as shock contenders to sign in-form...

As reported by Mundo Deportivo, Arsenal star Mesut Ozil is a January...

Comments

Hottest News

Renault wants to keep same engines in 2021 F1

Renault cannot approve of Liberty Media's vision... Read More »
43m ago from ThisIsF1.com

Alonso: These cars are amazing to drive

On the occasion of the official FIA WEC... Read More »
16h ago from GrandPrix247.com

Inside Line: What next for Daniel Ricciardo?

Among silly-season commodities, perhaps none are... Read More »
19h ago from GrandPrix247.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.