News Details

Lopez denies Genii financial troubles

Gerard Lopez Lotus owner Gerard Lopez has lashed back at reports suggesting that the team's holding company Genii is in dire financial health. Tageblatt reported recently that Genii, headed by Lopez and his business partner Eric Lux, is recording ever-growing losses and debts. Britain's Independent newspaper said Lopez, although based in Luxembourg, flew in his private jet to Genii's London headquarters to 'put the record straight'. 'It's absurd to say that Genii has financial problems,' he insisted. 'Yes, Lotus has lost money, like every other Formula 1 team in the world.' Lopez said the Enstone based team cost Genii 'about 50 million' last year and debt is currently about 100 million,...
Full Story »
3y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Verstappen plays down 2015 Toro Rosso race seat reports

Jos and Max Verstappen Max Verstappen's father has played down reports...
3y ago from GrandPrix247.com

Schumacher medical records suspect was German

The suspect accused of stealing and  attempting to sell Michael...
3y ago from GrandPrix247.com

Montezemolo says he will not quit Ferrari

Luca di Montezemolo Luca di Montezemolo has denied claims that he could...
3y ago from GrandPrix247.com

John Player Special deny return to F1 with Lotus

1986 was the last year of JPS involvement in F1 – here Ayrton Senna...
3y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Rossi 'proud' of performance at Aragón

– Valentino Rossi says he was "quite proud" of his...
6h ago from GPUpdate.net

Dovizioso laments 'complicated' weekend

– Ducati's Andrea Dovizioso was left to rue a...
3h ago from GPUpdate.net

Lorenzo: First Ducati win will come soon

– Jorge Lorenzo believes his first win in Ducati colours will come...
5h ago from GPUpdate.net

MotoGP Aragon: Racing was ‘the right choice’ for...

Rossi takes fifth place at the Aragon MotoGP round, dealing with pain in...
19h ago from BikeSportNews.com

Popular On IndyCarToday.com

Ganassi Racing cuts more than 40 staff

Most everyone at Chip Ganassi Racing had heard for the past few weeks...
3d ago from Racer.com

PUMPELLY: The case against gravel

During the opening laps of the 1999 British Grand Prix, Michael...
2d ago from Racer.com

Boston GP organizer sues city for $15.5m

For a race that never actually took place, the Boston Grand Prix sure...
3d ago from Racer.com

Chip Ganassi Racing Down to Two Full-time Entries for...

Scott Dixon will only have one team-mate in 2018 after Chip Ganassi Racing...

Popular On TotalWRC.com

McKay completes McRae goal

McKay completes McRae goal Rally fan Mark McKay raised almost £1,000...
2h ago from WRC.com

Loeb open to WRC return

Loeb open to WRC return Sébastien Loeb has hinted that he could make...
3d ago from WRC.com

DMACK unveils new gravel tyre

New rubber for rounds in Spain, GB and Australia
3d ago from WRC.com

Spotlight: Nil Solans

Spotlight: Nil Solans What do the following WRC drivers have in common?...
2d ago from WRC.com

Popular On GunnersToday.com

Premier League teams that have scored the most...

Alvaro Morata scored Chelsea's 17th Premier League hat-trick when he put...
4h ago from TalkSport.com

Brentford's Nico Yennaris smacks in piledriver against...

Published 5 min ago Brentford beat Bolton 3-0 at the Macron Stadium on...
2h ago from FourFourTwo.com

The top three Premier League scorers for each nation

The rather extensive list of the top three Premier League goalscorers for...
3h ago from Football365.com

Coral Daily Download: West Brom 10/1 to beat Arsenal...

Coral's Dave Stevens joins the Alan Brazil Sports Breakfast to round...
5h ago from TalkSport.com

Comments

Hottest News

Marko: 'We know what is going on in the background at Honda'

Due diligence conducted by Red Bull has led the... Read More »
7h ago from F1i.com

Norris left stranded in the sandbox!

It should have been a day of celebrations for... Read More »
5h ago from F1i.com

Williams confirms it is evaluating Kubica

Williams has confirmed that Robert Kubica is one... Read More »
59m ago from GPUpdate.net

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.