News Details
Lopez admits to £114m Lotus debt
Lotus chairman Gerard Lopez has revealed that his team is £114m in debt, whilst admitting that talks with Quantum Motorsport are dead and buried.At a time when many are concerned over the team's future, a situation not helped by the news that it will not attend the opening pre-season test, Lopez has opened up in an interview with Germany's Auto Motor und Sport.'We have about £114 million pounds of debt, of which more than £80 million is with ourselves,' he said, referring to Genii Capital. 'But what are we (Genii) going to do, demand repayment of the debt? That makes no sense. 'We are doing this because it is fiscally interesting. We can put the money down to marketing...
Full Story »
Full Story »
12y ago from Pitpass.com
0
You May Also Be Interested In...
Lopez: Quantum money 'never arrived' at Lotus
Lotus F1 Team owner Gerard Lopez has spoken out about the team's...
12y ago from RichlandF1.com
Lotus owner insists all is well despite concerns
Lotus team owner Gerard Lopez has moved to allay fears that the team is...
12y ago from TheF1Times.com
Lopez plays down Lotus collapse speculation
January 15th, 2014 (F1plus/GMM).- Lotus owner Gerard Lopez has moved to...
12y ago from F1Plus.com
Lopez plays down Lotus collapse fears
Lotus owner Gerard Lopez has moved to allay fears the Enstone based team...
12y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez explains how injury recovery is delaying...
No description available...
9h ago from Motorsport.com
MotoGP Buriram test: Alex Marquez fastest on Day 1 as...
No description available...
12h ago from Motorsport.com
Francesco Bagnaia says “I just decided” on 2027...
No description available...
10h ago from Motorsport.com
Fabio Quartararo's gesture shows his growing...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
Paddock optimism for IndyCar’s new independent...
Drivers in the NTT IndyCar Series are largely happy to see the series’...
6h ago from MotorsportWeek.c...
Mick Schumacher gaining confidence on ovals after...
No description available...
1d ago from Motorsport.com
IndyCar expanding global broadcasting presence for the...
No description available...
2d ago from Motorsport.com
IndyCar grows international broadcast offerings for...
The NTT IndyCar Series has announced that its already extensive global...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
5d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
6d ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
6d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
15 G/A in 14 games – The underrated star who...
Arsenal have stuttered recently as they no longer necessarily look like...
1h ago from CaughtOffside.com
70m-plus-player bid prepared which threatens to derail...
Arsenal could reportedly be facing a very real threat to their hopes of...
10h ago from CaughtOffside.com
'It's more important for Arsenal' | Soccer Saturday...
Tim Sherwood and Clinton Morrison look ahead to the North London derby and...
10h ago from SkySports.com
Premier League club exploring deal to sign 19-year-old...
Nottingham Forest are reportedly eyeing Arsenal's young goalkeeper Tommy...
13h ago from CaughtOffside.com
Comments
Hottest News
Shrewd Christian Horner decision could prove detrimental to...
Has a decision from former Red Bull F1 boss... Read More »
4h ago from GPFans.com
F1 star Valtteri Bottas bares all in NUDE helmet reveal
Cadillac F1 star Valtteri Bottas has revealed his... Read More »
1h ago from GPFans.com
Oscar Piastri breaks silence on trackside split with...
McLaren F1 star Oscar Piastri has opened up on... Read More »
2h ago from GPFans.com
