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 »
11y 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,...
11y ago from GrandPrix247.com
Lotus investor Quantum wants Hulkenberg
Lotus' 35 per cent team investor Quantum wants Nico Hulkenberg at the...
11y 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...
11y 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...
11y ago from F1.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Honda confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
1d ago from MotorsportWeek.c...
Liberty Media completes 4.3 billion takeover of...
Two weeks on from receiving unanimous EU approval, Liberty Media...
1d ago from MotorsportWeek.c...
Liberty Media completes its purchase of MotoGP
No description available...
1d ago from Motorsport.com
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
6d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Alex Palou smokes the field to secure IndyCar pole at...
IndyCar is visiting another of its iconic natural terrain road courses...
9h ago from MotorsportWeek.c...
Alex Palou adds a Mid Ohio pole position to his...
No description available...
9h ago from Motorsport.com
IndyCar Mid-Ohio – Qualifying Results
The NTT IndyCar Series completed a knockout qualifying session at...
9h ago from MotorsportWeek.c...
Alex Palou flies to the front in second IndyCar...
On Saturday morning, IndyCar headed back out on track to complete their...
14h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
1d ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
2d ago from Motorsport.com
Sebastien Ogier to make WRC return at Rally Finland
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Sources: What Arsenal have told Ethan Nwaneri amid...
Arsenal are understood to have given Ethan Nwaneri reassurances about his...
38m ago from CaughtOffside.com
Arsenal reach agreement on personal terms with 15 G/A...
Arsenal are looking to sign at least two attacking players this summer,...
11h ago from CaughtOffside.com
Reliable source: 90m forwards ‘absolute...
The rumour mill is in full swing today, despite it being a Saturday...
14h ago from FreshArsenal.com
Personal terms agreed for Arsenal to sign Premier...
Arsenal have still only officially announced one signing this summer, but...
13h ago from FreshArsenal.com
Comments
Hottest News
F1 News Today: FIA announce HUGE Silverstone penalty as...
The FIA have announced a huge penalty for one F1... Read More »
38m ago from GPFans.com
McLaren boss no longer impressed by Max Verstappen: 'He can...
McLaren expected the fight for British GP pole to... Read More »
38m ago from RacingNews365.com
Button names ‘worst teammate to have’ in F1 – and...
F1 world champion Jenson Button has nominated the... Read More »
16h ago from F1i.com
