News Details

Lotus brushes aside late payment rumours

Lotus has responded to downcast rumours over its current financial state, the team informing GPUpdate.net on Tuesday afternoon that all salaries have been paid. According to Germany's Motorsport-Total, the Enstone-based outfit is now more than 100 million pounds in debt, while it has also reported that staff members have been paid late throughout the 2013 campaign, even threatening to strike in late July. However, when questioned by GPUpdate.net, a spokesperson for the team brushed aside "any supposed strike threat" and confirmed that "all salaries are up to date." Kimi Räikkönen revealed in Hungary that the financial issues between himself and the team are ongoing,...
Full Story »
11y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

F1 2013 – Webber: a sad state for F1

Mark Webber has opened up about the current state of F1 and feels it is a...
11y ago from F1.co.uk

Lotus struggling with finances?

Troubling signs of financial weakness are emerging from Lotus. The...
11y ago from GrandPrix.com

Lotus struggling with ‘money problems'

By Editor on Tuesday, August 6, 2013 Troubling signs of financial...
11y ago from F1Zone.net

Reports of Lotus cash struggles won't go away as they...

Troubling signs of financial weakness are continuing to emerge from Lotus,...
11y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Marc Márquez wins battle of brothers to delight...

t;li>Alex Márquez and Fabio Di Giannantonio also on podiumSpaniard...
17h ago from TheGuardian.com

Popular On IndyCarToday.com

IndyCar Road America – Race Results

Road America was the scene of this weekend’s IndyCar event, and high...
10h ago from MotorsportWeek.c...

Ferrucci survives early race ‘mayhem’ to earn...

Santino Ferrucci finished third in Sunday’s race from Road America,...

Popular On TotalWRC.com

Rallies around the world: The ones not to miss – and...

Rallying is unlike any other motorsport. It doesn’t unfold on pristine...

Popular On GunnersToday.com

The summer of chaff

Morning all. After a couple of weeks of travelling it's time to get my...
58m ago from Arseblog.com

Arsenal receive boost in Rodrygo chase as sources...

Arsenal remain firmly interested in signing Real Madrid forward Rodrygo...
10h ago from FreshArsenal.com

Arsenal end talks to sign £70 million-rated star...

Arsenal have reportedly decided to end talks with Benjamin Sesko. The...
10h ago from SportsKeeda.com

Bayern Munich set sights on ‘incredible' Arsenal...

Bayern Munich have reportedly set their sights on Arsenal’s Gabriel...
14h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.