News Details
Lotus F1 Team announce new investor
The Lotus F1 Team has revealed that they have a new investor in the form of a consortium called Infinity Racing.
Infinity Racing have invested for a 35% stake in the team – who have long been experiencing financial difficulties. Lotus has consistently posted losses since the team was ditched by Renault at the end of 2009.
The Enstone based squad will remain under the control of Gerard Lopez's Genii Capital group who originally bought a majority share in the team back in 2009 prior to Renault's exit. They still hold a 65% stake in the Lotus team.
Lotus says that Infinity Racing is 'an investment consortium whose special purpose vehicle is comprised of private investors that include an...
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12y ago from RichlandF1.com
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