News Details

Ijaz adamant Lotus deal will be concluded this week.

As doubts over Quantum Motorsport's purchase of 35% of Lotus continue, Mansoor Ijaz insists the deal will be concluded in the coming week.Given free rein by Sky Sports F1 to bring the public (and employees) up to date, Ijaz claimed that the deal, first announced in June, is still very much on, blaming the failure to reach an earlier conclusion on the banking system.'We're still very much going to join them (Lotus),' he told Sky Sports F1, when asked about the current situation. 'We have done, as I have said before, from our part, what we need to make sure that the assets in our portfolio were released. 'We live in a world where the banking compliance frameworks and the way in which...
Full Story »
11y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Lotus deal will happen, insists Quantum

Mansoor Ijaz, head of the Quantum Motorsports firm purchasing a 35 percent...
11y ago from GPUpdate.net

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

Quantum running out of time for Lotus deal - Lopez

Quantum, the investment group looking to buy 35 per cent of Lotus, has...
11y ago from GrandPrix.com

Lopez admits to frustration with Quantum

Two weeks after Quantum Motorsport's Mansoor Ijaz claimed that the deal...
11y ago from Pitpass.com

Elsewhere On The Network

Popular On MGPToday.com

Marc Marquez tops first MotoGP practice in Brno

Factory Ducati's Marc Marquez topped the timesheets in the first MotoGP...

Jorge Martin confirms decision to remain with Aprilia...

Reigning MotoGP World Champion Jorge Martin has reversed his decision to...
20h ago from MotorsportWeek.c...

Yamaha V4 engine ‘two seconds slower' than...

Yamaha rider Alex Rins revealed that the manufacturer’s V4 project is...

Popular On IndyCarToday.com

IndyCar Iowa – Race 1 Results

The first race of IndyCar’s double-header weekend from Iowa Speedway...

Taylor Barnard rejected McLaren IndyCar and WEC offers...

Taylor Barnard has turned down the chance to race for Arrow McLaren in...

Popular On TotalWRC.com

Popular On GunnersToday.com

Episode 837 – Eze does it

Welcome to another episode of the Arsecast – the Arsenal podcast. In...
48m ago from Arseblog.com

Journalist claims Arsenal have made concrete approach...

German football journalist Christian Falk has made the claim that Arsenal...
2h ago from CaughtOffside.com

Expert reveals CL giants have held talks over Arsenal...

Christian Falk reports that Arsenal duo Gabriel Martinelli and Leandro...
3h ago from CaughtOffside.com

“He’s a machine!” - John Obi Mikel names player...

Former Chelsea midfielder John Obi Mikel has heaped praise on Arsenal star...
3h ago from SportsKeeda.com

Comments

Hottest News

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.