News Details
Lopez denies Lotus in financial strife
By Editor on Saturday, August 24, 2013 Team owner Gerard Lopez on Saturday played down reports of financial strife at Lotus.
Reportedly in debt to the tune of EUR 120 million, behind in payments to lead driver Kimi Raikkonen and with the new Infinity Racing investment in doubt, Lopez insisted at Spa-Francorchamps that Lotus is in fact in good health.
Indeed, some believe the team's debt is actually just 28 million.
'It is 120 million,' Lopez confirmed, 'but four-fifths of it we owe to ourselves, to Genii, because we do not sponsor the team but finance it through loans.'
He said, therefore, that Genii is not going to urgently demand Lotus pay it back.
'First of all I want to ensure that the...
Full Story »
Full Story »
12y ago from F1Zone.net
0
You May Also Be Interested In...
Lopez denies Lotus in financial strife
Team owner Gerard Lopez on Saturday played down reports of financial...
12y ago from GrandPrix.com
Kimi Raikkonen Q&A: Only the rumours have changed
Kimi Raikkonen was giving little away when quizzed about his 2014 plans...
12y ago from Formula1.com
Unwell Raikkonen to skip media duties
By Editor on Thursday, August 22, 2013 Kimi Raikkonen will not be present...
12y ago from F1Zone.net
Raikkonen has a laugh after testing GP3 car
Lotus driver Kimi Raikkonen tested this year's GP3 car in Barcelona, and...
12y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin: Marco Bezzecchi was "on another...
No description available...
9h ago from Motorsport.com
Pedro Acosta praises KTM’s ‘really nice job’...
Pedro Acosta has praised KTM’s off-season development for helping him...
9h ago from MotorsportWeek.c...
Michelin reveals what caused Marc Marquez’s dramatic...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
Gallery: IndyCar kicks off 2026 season at St. Pete
Motorsport Week has exclusive images from the IndyCar curtain-raiser in...
3h ago from MotorsportWeek.c...
Alex Palou struck “perfection” in St. Petersburg
No description available...
5h ago from Motorsport.com
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
12h ago from MotorsportWeek.c...
Newgarden gains 16 positions, finishes seventh in...
No description available...
9h ago from Motorsport.com
Popular On TotalWRC.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
2d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
4d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
‘Exceptional' Arsenal star makes worrying...
Arsenal defender Riccardo Calafiori has spoken openly about a return to...
1h ago from CaughtOffside.com
Brighton & Hove Albion vs Arsenal Prediction and...
Brighton & Hove Albion will host Arsenal at the American Express Stadium...
5h ago from SportsKeeda.com
After scoring goal in win over Chelsea, Jurrien Timber...
Jurrien Timber has said that Arsenal cannot afford to make costly mistakes...
6h ago from SportsKeeda.com
'We can't have the championship decided on corner...
Manchester United legend Peter Schmeichel has called for Premier League...
8h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin in crisis: Honda woes threaten Melbourne ghost...
A cloud of uncertainty is hanging over the Aston... Read More »
6h ago from F1i.com
Retired F1 legend gets lifetime benefits after driving for...
Being a Ferrari driver seems like one of the most... Read More »
2h ago from GPFans.com
F1 paddock 'feels like high-security prison' claims former...
A former driver turned team owner has likened the... Read More »
2h ago from GPFans.com
