News Details
Lotus confirm Quantum over
Lotus owner Gerard Lopez has played down fears about their financial future and also confirmed that attempts by Quantum Motorsport to take a stake in the team have failed.Speaking to Germany's Auto Motor Und Sport, Lopez revealed that Lotus had amassed a total of £114million in debt last year, of which around £80million was owed to Lopez's company Genii Capital.
That money has been accounted for as "marketing expenses" with the Enstone team now relying on backing provided by Venezuelan state oil company PDVSA, which sponsors new recruit Pastor Maldonado.
Concerns about Lotus's future have heightened in recent weeks, with the team announcing their intention to miss the...
Full Story »
Full Story »
11y ago from SkySports.com
0
You May Also Be Interested In...
Lotus owner insists all is well despite concerns
Lotus team owner Gerard Lopez has moved to allay fears that the team is...
11y ago from TheF1Times.com
Lopez: Quantum money 'never arrived' at Lotus
Lotus F1 Team owner Gerard Lopez has spoken out about the team's...
11y ago from RichlandF1.com
Lopez admits to £114m Lotus debt
Lotus chairman Gerard Lopez has revealed that his team is £114m in...
11y ago from Pitpass.com
Lopez plays down Lotus collapse speculation
January 15th, 2014 (F1plus/GMM).- Lotus owner Gerard Lopez has moved to...
11y ago from F1Plus.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta fired up for KTM’s new aero package in...
No description available...
5h ago from Motorsport.com
Marc Marquez quickest again in second Austria MotoGP...
Championship leader Marc Marquez continued his dominant form by topping...
8h ago from MotorsportWeek.c...
MotoGP is making Formula 1’s mistakes – Casey...
No description available...
7h ago from Motorsport.com
What Yamaha's commitment to Alex Rins means for Miguel...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
McLaren to auction future F1, IndyCar and WEC cars in...
McLaren is to auction future F1, IndyCar and World Endurance Championship...
1d ago from MotorsportWeek.c...
Winners and losers from IndyCar’s Portland 2025...
No description available...
4d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
4d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
17h ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
2d ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
3d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Manchester United vs Arsenal Prediction and Betting...
The Premier League features a clash between two of the competition's...
4h ago from SportsKeeda.com
'Mikel Arteta definitely stole him from Liverpool' -...
Pundit Jamie Carragher has claimed that Arsenal manager Mikel Arteta stole...
8h ago from SportsKeeda.com
Arteta: This is the most difficult Premier League...
Arsenal manager Mikel Arteta believes the Premier League competition is...
7h ago from SkySports.com
Will Benjamin Sesko star for Manchester United in PL...
Manchester United boss Ruben Amorim has opened up about Benjamin Sesko...
8h ago from SportsKeeda.com
Comments
Hottest News
Horner and Perez tipped for reunion in stunning F1 transfer...
Axed Red Bull boss Christian Horner has been... Read More »
3h ago from GPFans.com
Liam Lawson blames Red Bull for 2025 axing
Former Red Bull F1 driver Liam Lawson has blamed... Read More »
2h ago from GPFans.com
Newey reflects on his arrival at Aston Martin
Having joined Aston Martin at the beginning of... Read More »
4h ago from F1Technical.net
