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 »
12y 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...
12y ago from TheF1Times.com
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
Lopez admits to £114m Lotus debt
Lotus chairman Gerard Lopez has revealed that his team is £114m in...
12y ago from Pitpass.com
Lopez plays down Lotus collapse speculation
January 15th, 2014 (F1plus/GMM).- Lotus owner Gerard Lopez has moved to...
12y ago from F1Plus.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia rediscovers his ‘feeling' on...
Francesco Bagania has admitted he's rediscovered his feeling with the...
17h ago from MotorsportWeek.c...
Ducati: Resurgent Francesco Bagnaia back to his...
No description available...
18h ago from Motorsport.com
Why Toprak Razgatlioglu is slower than he expected
No description available...
20h ago from Motorsport.com
Ducati still favourite after MotoGP Sepang test, but...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Sebring test Day 1: Alex Palou tops the speed...
No description available...
8h ago from Motorsport.com
Kyle Kirkwood: Andretti “not too far off” from...
No description available...
15h ago from Motorsport.com
McLaren eyes Fernando Alonso reunion to complete...
Zak Brown has said he will "continue to bug" Fernando Alonso to...
2d ago from MotorsportWeek.c...
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
3d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
4d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
6d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Man United & Arsenal target is interested in a...
Sandro Tonali’s future is attracting attention ahead of the summer...
43m ago from CaughtOffside.com
Chelsea ‘advancing' in talks to sign striker who...
Chelsea are stepping up their pursuit of Julián Álvarez, with fresh...
1h ago from CaughtOffside.com
“He doesn’t moan, he gets on with his job” -...
Chelsea legend Ruud Gullit has named Jurrien Timber as the Arsenal player...
1h ago from SportsKeeda.com
Not Erling Haaland or Kylian Mbappe, Dennis Bergkamp...
Arsenal legend Dennis Bergkamp snubbed Erling Haaland and Kylian Mbappe,...
1h ago from SportsKeeda.com
Comments
Hottest News
Alonso admits Newey's Aston ‘definitely behind'
Feb.10 Fernando Alonso has openly conceded that... Read More »
53m ago from OneStopStrategy.com
Cadillac ‘disappointed' if last in 2026
Feb.10 Sergio Perez admits Formula 1's newest... Read More »
53m ago from OneStopStrategy.com
Verstappen surprised Red Bull progress – Piquet
Feb.10 Max Verstappen emerged from Formula 1's... Read More »
53m ago from OneStopStrategy.com
