News Details
Lotus and Quantum complete investment deal
Quantum Motorsports has completed a deal which will see it take a 35 per cent stake in the Lotus F1 Team following lengthy negotiations. The group, made up from Middle Eastern investors and led by Mansoor Ijaz, has completed its side of the deal and is now awaiting Genii Captial - Lotus's current owners - to sign it off, which is expected to be a formality. Genii will issue new shares in the company which will be purchased by Quantum for an undisclosed figure, allowing them to invest in new facilities, settle debts and pay off Kimi Raikkonen's wage which has been the source of anger between Raikkonen and Lotus bosses. Speaking about the deal, Ijaz revealed that future plans could include...
Full Story »
Full Story »
12y ago from TheF1Times.com
0
You May Also Be Interested In...
Lotus prospective investor Quantum wants Hulkenberg...
Lotus prospective investor Quantum wants Hulkenberg for 2014 2 November,...
12y ago from GrandPrix247.com
Lotus investor Quantum wants Hulkenberg
Lotus' 35 per cent team investor Quantum wants Nico Hulkenberg at the...
12y ago from GrandPrix.com
Is Force India only hope for Hulkenberg?
If rumors are true, Lotus F1 is trying desperately to get a deal inked...
12y ago from Formula1Blog.com
F1 2013 – Maldonado to Lotus said to be a done deal
Paddock insiders are reporting that Pastor Maldonado has a done deal with...
12y ago from F1.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Why Gresini has flirted with leaving Ducati in MotoGP
No description available...
4h ago from Motorsport.com
Jonathan Rea explains why ‘mental management’ will...
Jonathan Rea believes Toprak Razgatlioglu's chances of success in MotoGP...
1d ago from MotorsportWeek.c...
Joan Mir explains why he crashes so often in MotoGP
No description available...
1d ago from Motorsport.com
Andrea Dovizioso: “Marc Marquez’s situation is...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
2d ago from MotorsportWeek.c...
Mick Schumacher: “I thought I was ready — but I...
No description available...
5d ago from Motorsport.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
3d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Storm damage forces changes to WRC Rally Islas...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
3d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
5d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arteta captivated, Arsenal confident of landing £40m...
Arsenal are interested in signing the Norwegian winger Jens Petter Hauge...
4h ago from CaughtOffside.com
Arsenal to bid for game-changer forward after 10 goals...
Anthony Gordon has been linked with a move away from Newcastle United at...
4h ago from CaughtOffside.com
Man United told they must 'overpay' after 'informal...
Myles Lewis-Skelly has been linked with a move away from Arsenal at the...
7h ago from CaughtOffside.com
Arsenal in the blood: how Max Dowman is related to...
istant relative found a family link to the football prodigy, as they are...
8h ago from TheGuardian.com
Comments
Hottest News
Lewis Hamilton and Max Verstappen withdraw help from F1 star
Lewis Hamilton and Max Verstappen are usually the... Read More »
6h ago from GPFans.com
Porsche urged to 'focus on ourselves' as Formula E title...
Porsche has every chance of successfully... Read More »
53m ago from RacingNews365.com
Tsunoda ‘not giving up’ on F1 as ‘anything can...
In the high-stakes, musical-chairs reality of the... Read More »
33m ago from F1i.com
