News Details
Lotus investors talked with three other F1 teams
Infinity Racing, the investment group which acquired a stake in Lotus earlier this week, was in talks with three other F1 teams before deciding to buy into Lotus. Infinity Racing took a 35% stake in Lotus on Tuesday and is comprised of private investors that include an American hedge fund manager, an Abu Dhabi-based multinational business group and royal family interests of a major oil producing nation believed to be Brunei. Chairman of Infinity Racing, Mansoor Ijaz, said the investors had entered negotiations with three other F1 teams but had been most impressed by Lotus. "We have been looking at Formula One for about two years now," Ijaz told Sports Pro Media. "We looked...
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12y ago from espnF1.com
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