News Details
Lotus avoids administration after Renault LOI
The Lotus Formula 1 team has avoided going into administration once more after a court adjourned its hearing following news that Renault would buy a majority stake in the squad. London's High Court had given Lotus until today to conclude a deal with Britain's tax authority, HMRC, over unpaid taxes. A judge on Monday adjourned the case once again, until December 7. The Reuters news agency reported that HMRC would be paid imminently and that did it not oppose the adjournment. Renault said in a statement on Monday that it had signed a letter of intent to purchase the Formula 1 team. "The signature of this Letter of Intent marks Renault's first step towards the project of a Renault Formula...
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Renault signs agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the...
10y ago from SpeedCafe.com
Renault F1 signs letter of intent before Lotus court...
Renault F1 signs letter of intent before Lotus court date Posted On 28...
10y ago from ThisIsF1.com
Renault issues 'letter of intent' ahead of Lotus...
Renault has announced it has signed a letter of intent to buy a...
10y ago from Crash.net
Renault signs letter of intent with Lotus
– Renault has confirmed that it has signed a letter of intent with...
10y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP riders have their say on controversial Marc...
No description available...
13h ago from Motorsport.com
Yamaha reveals why it ‘took the difficult route’...
Technical Director Max Bartolini admits Yamaha “took the difficult...
10h ago from MotorsportWeek.c...
Marc Marquez hits out at timing of controversial Thai...
No description available...
14h ago from Motorsport.com
Pedro Acosta takes dramatic Thai MotoGP Sprint victory...
KTM rider Pedro Acosta clinched his first victory in MotoGP following a...
16h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott McLaughlin earns IndyCar St. Pete pole, Coyne...
No description available...
1h ago from Motorsport.com
IndyCar St. Petersburg – Qualifying Results
25 drivers of the NTT IndyCar Series took to the streets of St....
1h ago from MotorsportWeek.c...
Scott McLaughlin rockets to the top in IndyCar...
The NTT IndyCar Series took to the streets of St. Petersburg late...
1h ago from MotorsportWeek.c...
Marcus Ericsson encouraged by Will Power’s input at...
Marcus Ericsson has a new team-mate this year in Will Power, and the...
6h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
7h ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
2d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
This 'unbelievable' star a better option than Sandro...
Former Arsenal star Anders Limpar has suggested that the Gunners don't...
10h ago from CaughtOffside.com
Talks held: Barcelona working on signing 45m Arsenal...
Barcelona are reportedly already in talks with intermediaries over a...
11h ago from CaughtOffside.com
Arsenal vs Chelsea Prediction and Betting Tips | 1st...
The Premier League is back in action with another massive clash between...
14h ago from SportsKeeda.com
'More difficult than the Champions League' - Chelsea...
Chelsea midfielder Andre Santos has said that the Premier League is even...
14h ago from SportsKeeda.com
Comments
Hottest News
FIA announces last-minute F1 qualifying change on eve of...
Good news, racing fans! You get to see more F1... Read More »
5h ago from GPFans.com
F1 Schedule 2026: Every race date and TV details for all 24...
F1 is back and the schedule for the new 2026... Read More »
2h ago from GPFans.com
Drive to Survive insider hints at ending hit Netflix F1...
A key player within the Drive to Survive F1... Read More »
3h ago from GPFans.com
