News Details
Genii sells 35% of Lotus to Infinity Racing
Genii Capital has sold 35% of its stake in Lotus to Infinity Racing but retains control of the team. Infinity Racing is an investment consortium made up of private investors including 'an American hedge fund manager, an Abu Dhabi-based multinational business group and royal family interests of a major oil producing nation'. The team has been without a title sponsor so far this season and Genii Capital co-founder Gerard Lopez - who remains team chairman - believes the new part-owners will help increase its sponsorship options. "Infinity Racing's principals have exceptional expertise and a proven strong track record in developing and delivering high quality technologies," Lopez...
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11y ago from espnF1.com
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