News Details
Lotus and Quantum complete investment deal
Quantum Motorsports has completed a deal which will see it take a 35 per cent stake in the Lotus F1 Team following lengthy negotiations. The group, made up from Middle Eastern investors and led by Mansoor Ijaz, has completed its side of the deal and is now awaiting Genii Captial - Lotus's current owners - to sign it off, which is expected to be a formality. Genii will issue new shares in the company which will be purchased by Quantum for an undisclosed figure, allowing them to invest in new facilities, settle debts and pay off Kimi Raikkonen's wage which has been the source of anger between Raikkonen and Lotus bosses. Speaking about the deal, Ijaz revealed that future plans could include...
Full Story »
Full Story »
12y ago from TheF1Times.com
0
You May Also Be Interested In...
Lotus prospective investor Quantum wants Hulkenberg...
Lotus prospective investor Quantum wants Hulkenberg for 2014 2 November,...
12y ago from GrandPrix247.com
Lotus investor Quantum wants Hulkenberg
Lotus' 35 per cent team investor Quantum wants Nico Hulkenberg at the...
12y ago from GrandPrix.com
Is Force India only hope for Hulkenberg?
If rumors are true, Lotus F1 is trying desperately to get a deal inked...
12y ago from Formula1Blog.com
F1 2013 – Maldonado to Lotus said to be a done deal
Paddock insiders are reporting that Pastor Maldonado has a done deal with...
12y ago from F1.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Tech3 KTM confirms Maverick Vinales’ comeback for...
No description available...
13h ago from Motorsport.com
Pedro Acosta told KTM he wants to beat Marc Marquez on...
No description available...
15h ago from Motorsport.com
Fabio Quartararo forced to leave Monster as Red Bull...
No description available...
20h ago from Motorsport.com
"Crazy and unfair": Anger over Nicolo Bulega...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Remembering Gordon Johncock: The unvarnished legend...
No description available...
3h ago from Motorsport.com
Two-time Indianapolis 500 winner Gordon Johncock dies...
No description available...
5h ago from Motorsport.com
Jamie Chadwick reveals sponsorship push to help Abbi...
No description available...
3d ago from Motorsport.com
Gallery: Felix Rosenqvist's likeness immortalized for...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sami Pajari’s wish ahead of WRC title decider, as...
No description available...
19h ago from Motorsport.com
Oliver Solberg reveals his approach for the three-way...
No description available...
3d ago from Motorsport.com
What we know so far about the WRC’s newest...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Frustrated Arsenal star sends clear message to Mikel...
Viktor Gyokeres was on the scoresheet again for Sweden, scoring their...
6h ago from CaughtOffside.com
'There was an opportunity to leave' | Vieira reveals...
Patrick Vieira reveals he could've left Arsenal for a rival Premier League...
9h ago from SkySports.com
England release statement as Arsenal and Man City...
England have confirmed that Arsenal star Ezri Konsa and Manchester City's...
15h ago from SportsKeeda.com
Bastian Schweinsteiger calls out 'mediocrity' as he...
Bastian Schweinsteiger has pointed to how Germany lack 'difference makers'...
16h ago from SportsKeeda.com
Comments
Hottest News
Max Verstappen makes 'one second' declaration after George...
Max Verstappen came agonisingly close to taking... Read More »
1h ago from RacingNews365.com
Max Verstappen and Red Bull at odds over FIA penalty
Max Verstappen and Red Bull Racing team principal... Read More »
9h ago from GPFans.com
Red Bull at odds with Verstappen over possible penalty as...
Check out all the best news of the day from the... Read More »
9h ago from RacingNews365.com
