News Details
Lotus sells 35 percent stake to investor
The Lotus F1 Team has sold a 35 percent stake to Infinity Racing Partners Limited (Infinity Racing), a consortium made up of various private investors. The group includes an American hedge fund manager, a multinational business group based in Abu Dhabi and royal family interests of a major oil producing nation. Genii Capital, who had owned 100 percent of the team, retain a controlling stake of 65 percent, with Gerard Lopez continuing as the Enstone-based outfit's Chairman, while Eric Lux, CEO of Genii Capital, will keep his role on the Board of Directors. "Infinity Racing’s principals have exceptional expertise and a proven strong track record in developing and delivering high...
Full Story »
Full Story »
11y ago from GPUpdate.net
0
You May Also Be Interested In...
F1 2013 – Lotus strengthen financial position with...
Lotus F1 Team has new part-owners as of today, with Infinity Racing...
11y ago from F1.co.uk
Lotus sells stake to investment group
Lotus owner Genii Capital has sold a 35 per cent stake in the team to new...
11y ago from AutoSport.com
F1 2013 – Boullier sure Lotus will recover
Lotus team boss Eric Boullier is confident Lotus will be fighting at the...
11y ago from F1.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez fastest at Jerez test on updated Ducati...
No description available...
9h ago from Motorsport.com
Marc Marquez tops mid-season Jerez MotoGP test
Ducati’s Marc Marquez responded to his crash at the MotoGP Spanish...
9h ago from MotorsportWeek.c...
Marc Marquez turned down the paycheck of a lifetime...
No description available...
17h ago from Motorsport.com
Alex Marquez: ‘without Marc Marquez I was the...
Alex Marquez admitted he knew ‘it was his day’ to win his first...
14h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Takuma Sato reveals 94G impact in 233mph Indy 500...
No description available...
4d ago from Motorsport.com
Alex Palou tops busy final Indy 500 test day
The NTT IndyCar Series wrapped up a two day test session on Thursday,...
4d ago from MotorsportWeek.c...
Larson, Sato crash in high-boost Indy 500 test session
The second day of IndyCar’s Indy 500 open test opened with qualifying...
4d ago from MotorsportWeek.c...
Scott McLaughlin fastest as speeds top 232mph in Day 2...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Toyota Gazoo Racing's silver lining
Toyota Gazoo Racing has a silver lining, literally. Not content with a...
8h ago from MotorsportWeek.c...
Even Sebastien Ogier was powerless to prevent Kalle...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera ignites WRC season with Canary Islands...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Spirited Mikel Arteta urges Arsenal fans to ‘bring...
t;li>Manager said club ‘feel’ lack of Champions League trophyMikel...
6h ago from TheGuardian.com
Kylian Mbappe PSG record could be broken by 32-goal...
Ousmane Dembele could break a Paris Saint-Germain record set by Kylian...
6h ago from SportsMole.co.uk
Luis Enrique urges PSG to ‘rewrite history’...
t;li>Manager says side is more complete since October meeting‘We are...
6h ago from TheGuardian.com
“Let’s play every ball together” - Arsenal boss...
Mikel Arteta has issued a passionate rallying cry to Arsenal fans ahead of...
5h ago from SportsKeeda.com
Comments
Hottest News
McLaren deal ‘over’ as star driver issues emotional...
McLaren Formula 1 team have allegedly ended a... Read More »
5h ago from GPFans.com
Contract clause could explain Hamilton struggle
Apr.28 An interesting contractual detail... Read More »
18h ago from OneStopStrategy.com
Aston Martin's new wind tunnel ‘opened our eyes,’ says...
Aston Martin’s quest to become a Formula 1... Read More »
13h ago from F1i.com
