News Details
Lopez admits to £114m Lotus debt
Lotus chairman Gerard Lopez has revealed that his team is £114m in debt, whilst admitting that talks with Quantum Motorsport are dead and buried.At a time when many are concerned over the team's future, a situation not helped by the news that it will not attend the opening pre-season test, Lopez has opened up in an interview with Germany's Auto Motor und Sport.'We have about £114 million pounds of debt, of which more than £80 million is with ourselves,' he said, referring to Genii Capital. 'But what are we (Genii) going to do, demand repayment of the debt? That makes no sense. 'We are doing this because it is fiscally interesting. We can put the money down to marketing...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Lopez: Quantum money 'never arrived' at Lotus
Lotus F1 Team owner Gerard Lopez has spoken out about the team's...
11y ago from RichlandF1.com
Lotus owner insists all is well despite concerns
Lotus team owner Gerard Lopez has moved to allay fears that the team is...
11y ago from TheF1Times.com
Lopez plays down Lotus collapse speculation
January 15th, 2014 (F1plus/GMM).- Lotus owner Gerard Lopez has moved to...
11y ago from F1Plus.com
Lopez plays down Lotus collapse fears
Lotus owner Gerard Lopez has moved to allay fears the Enstone based team...
11y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Enea Bastianini in, Franco Morbidelli out for MotoGP...
No description available...
55m ago from Motorsport.com
Marco Bezzecchi reveals cause of ‘disappointing’...
Marco Bezzecchi revealed “braking more softly” may have been the...
3h ago from MotorsportWeek.c...
What riders are back on the MotoGP grid for Czech GP?
No description available...
22h ago from Motorsport.com
German GP signs deal to remain on MotoGP calendar...
The organisers of the German GP have announced that the race will remain...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter Racing announces new Westfield...
No description available...
16h ago from Motorsport.com
Why it isn’t “unrealistic” for Alex Palou to...
No description available...
20h ago from Motorsport.com
Ed Carpenter Racing to build new IndyCar headquarters...
Ed Carpenter Racing announced on Tuesday that it will begin building a...
22h ago from MotorsportWeek.c...
Alex Palou opens ‘all the options’ in Ganassi’s...
Alex Palou won his seventh IndyCar race of the season on Sunday,...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Enea Bastianini in, Franco Morbidelli out for MotoGP...
No description available...
55m ago from Motorsport.com
Every NASCAR Cup win with Red Bull as the primary...
No description available...
45m ago from Motorsport.com
WRC unveils fix for Rally1 fuel system failures
No description available...
2h ago from Motorsport.com
Jenson Button will leave WEC after 2025, but won't...
No description available...
3h ago from Motorsport.com
Popular On GunnersToday.com
'Excellent work' – Andrea Berta praised as...
Arsenal director Andrea Berta has been praised by Charles Watts for his...
1h ago from CaughtOffside.com
'Now been fully agreed' – Arsenal expert shares...
Arsenal expert Charles Watts has provided CaughtOffside with some...
55m ago from CaughtOffside.com
Arsenal handed boost as academy graduate set to sign...
Arsenal have been handed a massive boost as Ethan Nwaneri is set to sign a...
55m ago from SportsKeeda.com
'He's got the X-factor' - Paul Merson wants Arsenal to...
English pundit Paul Merson has urged Arsenal to sign Crystal Palace's...
55m ago from SportsKeeda.com
Comments
Hottest News
Ferrari testing new rear suspension during Mugello filming...
In a bid to improve the performance of their 2025... Read More »
1h ago from GrandPrix247.com
Sergio Perez return represents huge F1 failure
Be fast. Don’t crash. Score points. Read More »
3h ago from GPFans.com
Crucial Aston Martin demand outlined after Adrian Newey...
Aston Martin is an outfit with a lot of eyes on... Read More »
54m ago from RacingNews365.com
