News Details
Lotus deny reports of financial issues
The owners of the Lotus F1 Team, Genii Capital, have denied stories that the team is in financial ruin and is struggling to pay staff and suppliers.
During the summer break, reports broke detailing financial issues for the Enstone based squad. Reports suggested the team had debts of up to 120 million and rumours started to circulate on the financial security of the team.
Kimi Raikkonen admitted earlier in the month that he was still waiting to be paid and engineer Alan Permane confirmed that the teams 2013 car development is coming to a close with 'not much more in the pipeline.'
35% of the team was sold to consortium group Infinity Racing but it has emerged that the deal has not actually...
Full Story »
Full Story »
13y ago from RichlandF1.com
0
You May Also Be Interested In...
Lotus denies financial trouble stories
The owners of the Lotus F1 team, Genii Capital, have rubbished reports the...
13y ago from espnF1.com
Lotus denies that unpaid F1 staff are threatening to...
Lotus has played down reports the Enstone based Formula 1 team is...
13y ago from GrandPrix247.com
Sauber boss admits delay in Russian financial rescue...
Team principal Monisha Kaltenborn has admitted Sauber's headline grabbing...
13y ago from GrandPrix247.com
Reports of Lotus cash struggles won't go away as they...
Troubling signs of financial weakness are continuing to emerge from Lotus,...
13y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin defends Yamaha switch: ‘They said going...
No description available...
4h ago from Motorsport.com
Pedro Acosta: “I’ve never had friends in the...
No description available...
9h ago from Motorsport.com
Pedro Acosta: “Marc Marquez is in the final stages...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from the IndyCar race in Markham
No description available...
1d ago from Motorsport.com
Red Bull driver set for potential shock IndyCar switch...
Yuki Tsunoda has been out of Formula 1 since being demoted by Red Bull at...
1d ago from MotorsportWeek.c...
F1 veteran Yuki Tsunoda in talks for 2027 IndyCar seat...
No description available...
2d ago from Motorsport.com
Will Power thought reaching the podium in Markham was...
Will Power finished IndyCar’s inaugural Markham event on the final step...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi to rejoin Hyundai for WRC Rally Chile
No description available...
1d ago from Motorsport.com
Champion rally driver Alex Fiorio dies aged 61
No description available...
2d ago from Motorsport.com
What to expect from WRC Rally Scotland after FIA test...
No description available...
1w ago from Motorsport.com
Thierry Neuville claims WRC Rally Finland was...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Aston Villa identify Chelsea defender as potential...
Aston Villa are reportedly eyeing Chelsea defender Tosin Adarabioyo as a...
2h ago from SportsKeeda.com
Gabriel Jesus makes stance clear on potential Arsenal...
Gabriel Jesus is not open to leaving Arsenal for Napoli amid links to the...
2h ago from SportsKeeda.com
Arsenal agree £50m deal to sign England defender Ezri...
Arsenal have agreed a £50million fee with Aston Villa to sign Ezri Konsa,...
5h ago from FreshArsenal.com
What fee is Arsenal paying to sign Ezri Konsa? Reports...
Arsenal are reportedly closing in on signing Ezri Konsa from Aston Villa....
4h ago from SportsKeeda.com
Comments
Hottest News
Christian Horner is ready to tell all about Red Bull years...
Christian Horner is preparing to tell all about... Read More »
38m ago from GPFans.com
Max Verstappen Red Bull contract 'a terrible bit of...
Max Verstappen is currently involved in a... Read More »
2h ago from GPFans.com
Exclusive: Honda deliver insight into engine upgrade ahead...
Honda will introduce its long-awaited upgraded F1... Read More »
2h ago from RacingNews365.com
