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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...
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12y ago from TheF1Times.com
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