News Details

Lopez hits back at Genii financial reports

Gerard Lopez has lashed back at reports suggesting Lotus team owner Genii is in dire financial health. The Luxembourg newspaper 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 F1 team in the world." Lopez said the Enstone based team cost Genii "about EUR 50 million" last year and debt is currently...
Full Story »
3y ago from GrandPrix.com 0
Share

You May Also Be Interested In...

Lopez denies Genii financial troubles

Gerard Lopez Lotus owner Gerard Lopez has lashed back at reports...
3y ago from GrandPrix247.com

Lopez dismisses talk of Lotus financial problems

Whilst admitting that his team has lost money, Lotus owner Gerard Lopez...
3y ago from Pitpass.com

Lotus' finances are improving

Gerard Lopez finds it amusing that Lotus' finances have made so many...
3y ago from PlanetF1.com

Axed Luca Marmorini hits back at Ferrari

Axed Luca Marmorini hits back at FerrariPosted On 18 Aug 2014By :...
3y ago from ThisIsF1.com

Elsewhere On The Network

Popular On MGPToday.com

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

Redding spent two days getting used to Aprilia's MotoGP RS-GP but admits...
7h ago from BikeSportNews.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...
1d ago from BikeSportNews.com

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

Crutchlow, Marquez and Pedrosa got a brand new RC213V for the Valencia...
2d ago from BikeSportNews.com

Valencia MotoGP test: Marquez in charge on day two,...

Marquez gets close to his pole lap to end the Valencia MotoGP test in...
2d ago from BikeSportNews.com

Popular On IndyCarToday.com

The Week in IndyCar Nov. 17, with Mike Hull, Part 2

Mike Hull is back for Part 2 of Marshall Pruett's #WeekinIndyCar podcast...
3h ago from Racer.com

Foyt team confirms Leist to partner Kanaan

A.J. Foyt Racing has confirmed that 19-year-old Brazilian Matheus...
1d ago from Racer.com

The Week in IndyCar Nov. 16, with Mike Hull, Part 1

Chip Ganassi Racing managing director Mike Hull joins Marshall Pruett as...
22h ago from Racer.com

Newgarden, Carpenter duo test aero kit at Texas

Reigning IndyCar champion Josef Newgarden and ECR duo Ed Carpenter and...
1d ago from Racer.com

Popular On TotalWRC.com

Photos Kennards Hire Rally Australia

Best of Photos Kennards Hire Rally Australia 2017
5h ago from WRC.com

SS4/5: Mikkelsen marches on

Neuville ends Norwegian’s winning run
14h ago from WRC.com

Friday in Australia: Masterful Mikkelsen dominates

Friday in Australia:Masterful Mikkelsen dominates Andreas Mikkelsen...
8h ago from WRC.com

SS3: Mikkelsen clean sweep

Hat-trick for flying Norwegian
16h ago from WRC.com

Popular On GunnersToday.com

Arsenal train ahead of the north London derby

The squad were in training on Friday morning, ahead of this weekend's...
1h ago from Arsenal.com

Mails: Remembering Helder Postiga, really very bad

You went quiet on us right at the end of the international break. Smacked...
2h ago from Football365.com

Mustafi - My first experience of the derby

The importance of the north London derby hit home for Shkodran Mustafi...
1h ago from Arsenal.com

Travel information – Tottenham (h)

Please find some travel information below for supporters coming to the...
3h ago from Arsenal.com

Comments

Hottest News

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.