News Details

Lotus deal will happen, insists Quantum

Mansoor Ijaz, head of the Quantum Motorsports firm purchasing a 35 percent stake in the Lotus F1 team, says there is "zero chance" of its proposed deal falling through. In recent days, Lotus chiefs have expressed concerns over ongoing delays in the transfer of agreed finances, but Ijaz acted to reassure the Enstone-based outfit at this weekend's United States Grand Prix that the situation is completely under control. "There is no question that the deal will take place and there is no question that the monies have been debited from our side," explained Ijaz. "There is zero chance that this deal will not happen. In the international banking system, when monies come...
Full Story »
11y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Quantum boss adamant Lotus deal is on but Lopez warns...

Quantum boss adamant Lotus deal is on but Lopez warns time is running out...
11y ago from GrandPrix247.com

F1 2013 – Hulkenberg turns down chance to replace...

Nico Hulkenberg has reportedly turned down the chance to replace surgery...
11y ago from F1.co.uk

FIA guaranteed income from F1 stake deal?

Yesterday Pitpass' business editor Christian Sylt revealed that if...
11y ago from Pitpass.com

Kovalainen closes on Caterham deal

Lotus F1 Team Enlarge Heikki Kovalainen doesn't see his opportunity at...
11y ago from espnF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar will not return to Thermal Club in 2026...

According to comments made by Thermal Club founder and owner Tim Rogers,...

Malukas’ recovery drive secures Foyt’s best team...

During Sunday’s IndyCar race at Road America, David Malukas was the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal receive major boost in efforts to pip...

Arsenal are in the market for a new left winger, and one of their leading...
36m ago from CaughtOffside.com

Arsenal could face battle with Spurs to sign £67.5m...

t;li>Arsenal officials met Eze’s agents to discuss termsCrystal...
36m ago from TheGuardian.com

Arsenal still keen on Premier League striker –...

Arsenal are still searching to sign a new striker, with moves for their...
1h ago from CaughtOffside.com

'Contacts are taking place' – Fabrizio Romano...

Fabrizio Romano has reported on the Eberechi Eze to Arsenal transfer...
4h ago from CaughtOffside.com

Comments

Hottest News

Alpine agree mid-season driver swap for British Grand Prix

Alpine have agreed to a mid-season F1 swap for... Read More »
36m ago from GPFans.com

F1i Driver Ratings for the 2025 Austrian GP

The 2025 Austrian Grand Prix pretty much had it... Read More »
2h ago from F1i.com

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.