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 cruises to record-equalling MotoGP Jerez...

Ducati’s Marc Marquez cantered to a record-equalling fifth consecutive...

Popular On IndyCarToday.com

Alex Palou tops busy final Indy 500 test day

The NTT IndyCar Series wrapped up a two day test session on Thursday,...

Larson, Sato crash in high-boost Indy 500 test session

The second day of IndyCar’s Indy 500 open test opened with qualifying...

Popular On TotalWRC.com

Rovanperä rampages through Islas Canarias

With just the super special stage remaining on Saturday, Kalle Rovanperä...

Popular On GunnersToday.com

Arsenal icon Ian Wright explains why he ‘can’t...

Arsenal icon Ian Wright has said he can’t accept Eniola Aluko’s...
3h ago from SportsKeeda.com

“It’s got it written all over it” - Roy Keane...

Manchester United legend Roy Keane has predicted the two finalists as...
4h ago from SportsKeeda.com

Man United-linked Matheus Cunha addresses future after...

Wolverhampton Wanderers attacker Matheus Cunha expresses his happiness at...
6h ago from SportsMole.co.uk

“Off the pitch he’s so nice” - Jurrien Timber...

Arsenal defender Jurrien Timber has said that Myles Lewis-Skelly turns...
6h 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.