News Details
Lopez denies Lotus in financial strife
Team owner Gerard Lopez on Saturday played down reports of financial strife at Lotus.
Reportedly in debt to the tune of EUR 120 million, behind in payments to lead driver Kimi Raikkonen and with the new Infinity Racing investment in doubt, Lopez insisted at Spa-Francorchamps that Lotus is in fact in good health.
Indeed, some believe the team's debt is actually just 28 million.
"It is 120 million," Lopez confirmed to Auto Motor und Sport, "but four-fifths of it we owe to ourselves, to Genii, because we do not sponsor the team but finance it through loans."
He said, therefore, that Genii is not going to urgently demand Lotus pay it back.
"First of all I want to ensure...
Full Story »
Full Story »
11y ago from GrandPrix.com
0
You May Also Be Interested In...
Raikkonen has a laugh after testing GP3 car
Lotus driver Kimi Raikkonen tested this year's GP3 car in Barcelona, and...
11y ago from GrandPrix247.com
No deal for struggling Sauber
Sauber's financial woes might not be over just yet, with reports claiming...
11y ago from SkySports.com
Red Bull hint that Raikkonen not part of 2014 plans
Red Bull's motorsport consultant Helmut Marko has provided an early...
11y ago from GrandPrix247.com
Sauber have yet to fully pay Ferrari engine bill
Reports that Sauber's Russian rescue deal is teetering on the verge of...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez hits back at ‘disrespectful’...
Alex Marquez has hit back at claims he has “too much respect” for...
3d ago from MotorsportWeek.c...
Marco Bezzecchi takes responsibility for crashing out...
Marco Bezzecchi admits he made "a bad mistake" on the first lap...
2d ago from MotorsportWeek.c...
Marc Marquez identifies surprise name as his main...
Marc Marquez identified a surprise name he believes is his main MotoGP...
4d ago from MotorsportWeek.c...
Franco Morbidelli ends four-year MotoGP podium drought...
Franco Morbidelli opened up about the self-doubt battles he faced before...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Alex Palou fastest in Thermal practice as...
Three weeks after the season-opening round in St. Petersburg, the NTT...
5h ago from MotorsportWeek.c...
Waiting for IndyCar tech updates? Some are already...
No description available...
1d ago from Motorsport.com
Alexander Rossi: IndyCar’s hybrid helps the series...
The IndyCar hybrid powertrain continues to be a talking point around the...
2d ago from MotorsportWeek.c...
Fan vote to decide livery for Devlin DeFrancesco’s...
Devlin DeFrancesco’s livery for the upcoming Indianapolis 500 will be...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Brutal Friday knocks Ott Tanak out of Safari lead –...
Friday, the longest day of the WRC Safari Rally Kenya, was brutal in...
11h ago from MotorsportWeek.c...
Hyundai’s Safari hoodoo once again triggered by...
No description available...
13h ago from Motorsport.com
TotalEnergies steps in as new WRC fuel supplier for...
No description available...
12h ago from Motorsport.com
Neuville questions 10s penalty after Safari Rally...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
'We wanted to take more risks' - Thomas Tuchel sends...
No description available...
42m ago from SportsKeeda.com
Liverpool and Arsenal join Manchester United in race...
No description available...
1h ago from SportsKeeda.com
New Arsenal player joins Riccardo Calafiori in...
A new Arsenal player withdraws from international duty on the same day...
6h ago from SportsMole.co.uk
Arsenal wonderkid Myles Lewis-Skelly breaks Marcus...
Arsenal's Myles Lewis-Skelly has etched his name into England's...
9h ago from CaughtOffside.com
Comments
Hottest News
2025 F1 championship standings after Chinese Grand Prix...
How has the 2025 F1 Chinese Grand Prix Sprint... Read More »
2h ago from RacingNews365.com
Hamilton silences critics with maiden sprint win, but isn't...
Lewis Hamilton says a number of his critics have... Read More »
1h ago from Racer.com
FIA announce Ferrari penalty verdict at Chinese Grand Prix
The FIA have revealed the results of an... Read More »
19h ago from GPFans.com
