News Details
Infinity Racing takes 35% stake in Lotus F1
An investment consortium, Infinity Racing, has acquired a 35 per cent stake in the Lotus F1 Team for an undisclosed figure. Infinity Racing - not to be confused with Red Bull's title sponsor Infiniti - is comprised of private investors that include an American hedge fund manager, an Abu Dhabi-based multinational business group and royal family interests of a major oil producing nation. Genii Capital will retain a controlling 65 per cent stake in the team and Genii co-founder Gerard Lopez will remain Chairman whilst Eric Lux, CEO of Genii Capital, will continue his role on the team’s Board of Directors. Lopez believes the deal will strengthen the teams ability to compete at the...
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11y ago from TheF1Times.com
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