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
Jorge Martin: “Game on” between Aprilia and Ducati...
No description available...
17h ago from Motorsport.com
MotoGP bans front holeshot devices immediately, tweaks...
No description available...
1d ago from Motorsport.com
"Maybe I forgot how to ride a MotoGP" bike,...
No description available...
21h ago from Motorsport.com
Ducati announces Marc Marquez contract extension...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from the IndyCar race at Road...
No description available...
15h ago from Motorsport.com
HRC US boss apologizes to Armstrong for “failure”...
No description available...
1d ago from Motorsport.com
Will Power and Graham Rahal at odds over last lap...
On the final lap of Sunday’s IndyCar event from Road America, veterans...
1d ago from MotorsportWeek.c...
How Christian Lundgaard went from zero to hero at Road...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
FIA announces Rally2 car upgrade kit to increase...
No description available...
19h ago from Motorsport.com
Vital step made towards USA return on 2027 WRC calendar
No description available...
4d ago from Motorsport.com
FIA president sets timeline to announce new WRC...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal target ambitous move for flamboyant winger...
Arsenal are reportedly keeping tabs on FC Midtjylland winger Darío Osorio...
29m ago from CaughtOffside.com
Saudi club make surprise bid for Arsenal star with 36...
Saudi club Al-Diraiyah have made an offer of £17.2m to sign Leandro...
1h ago from CaughtOffside.com
David Ornstein shares concerning Declan Rice update...
Worry for England as Arsenal star Declan Rice was seen limping and with...
4h ago from CaughtOffside.com
Official: Atletico Madrid to report Barcelona to FIFA...
Atletico Madrid have officially announced that they plan to make a...
8h ago from CaughtOffside.com
Comments
Hottest News
Can Hamilton win again to turbocharge a Ferrari title bid?
No driver has won more grands prix in Formula 1... Read More »
49m ago from SkySports.com
F1MATHS: The 43 points that made Hamilton the most...
Hot on the heels of his maiden Ferrari victory... Read More »
1h ago from F1Technical.net
Lewis Hamilton names 'rescuers' after nightmare Ferrari...
Lewis Hamilton suffered the worst season of his... Read More »
28m ago from RacingNews365.com
