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
Marc Marquez reveals he was ‘close' to retiring...
Factory Ducati rider Marc Marquez reveals he considered retiring from...
17h ago from MotorsportWeek.c...
How Gresini pulled off the rescue operation with Alex...
No description available...
13h ago from Motorsport.com
Marc Marquez: Alex would be appreciated more if he had...
No description available...
15h ago from Motorsport.com
Jorge Martin exclusive: People don’t realise how...
No description available...
17h ago from Motorsport.com
Popular On IndyCarToday.com
Andretti hires ex-Penske director Ron Ruzewski as...
Andretti Global announced on Wednesday that it has hired Ron Ruzewski as...
12h ago from MotorsportWeek.c...
Jack Harvey returns to Dreyer Reinbold for 2026 Indy...
Dreyer and Reinbold Racing will field Jack Harvey in the team’s #24...
12h ago from MotorsportWeek.c...
Andretti Global signs ex-Penske Ron Ruzewski as team...
No description available...
11h ago from Motorsport.com
Jack Harvey to attempt 2026 Indy 500 with Dreyer &...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
Mandated rest periods at WRC rallies to face FIA vote
No description available...
17h ago from Motorsport.com
Hyundai call set to boost Ott Tanak’s WRC title...
No description available...
1d ago from Motorsport.com
WRC swaps Sardinia for Rome as home of Rally Italy...
No description available...
1d ago from Motorsport.com
Why Elfyn Evans claims "everything is open"...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: Arteta gives Saka fitness update
No description available...
5h ago from SkySports.com
Port Vale 0-2 Arsenal
Highlights of the Carabao Cup third-round match between Port Vale and...
6h ago from SkySports.com
'How does he stay on the pitch', 'He is our worst...
Arsenal fans have expressed their displeasure towards the performance of...
5h ago from SportsKeeda.com
'Too slick!' | Eze bags FIRST Arsenal goal after silky...
Eberechi Eze netted his first Arsenal goal during his side's Carabao Cup...
8h ago from SkySports.com
Comments
Hottest News
F1 star issues update on shock Mercedes transfer
An F1 star has provided an update on his future,... Read More »
10h ago from GPFans.com
Max Verstappen GT3 debut confirmed as Kimi Raikkonen wins...
Check out the biggest stories of the day with the... Read More »
7h ago from RacingNews365.com
Yuki Tsunoda handed shock update over Red Bull future
Yuki Tsunoda has been handed a shock update over... Read More »
17h ago from GPFans.com
