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Lotus sells stake in team to investment group
Lotus have sold a 35 per cent stake in the team to investment group Infinity Racing Partners Limited, they announced on Tuesday.The Enstone-based squad was previously 100 per cent owned by Genii Capital, the investment firm co-founded by Lotus F1’s chairman Gerard Lopez. Under the new arrangement, Genii Capital will retain a controlling stake (65 per cent) of the team, with Lopez continuing as Chairman and Genii CEO Eric Lux retaining his seat on the Board of Directors.Speaking about Infinity Racing, an investment consortium comprised of private investors from America, Abu Dhabi and royal family interests of an unnamed oil producing nation, Lux said:“As Lotus F1 Team results...
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11y ago from Formula1.com
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