News Details

Lotus owner reveals £114m debt

id="story_continues_1" itemprop="description"> The owner of Lotus has revealed the team have £114m of debt, but insists their future is not in doubt. Gerard Lopez, co-owner of the Genii Capital investment company that runs Lotus, says most of the debt is internal. He added that Kimi Raikkonen, who quit two races before the end of last season because of non-payment, had 'got part of his salary and will get the rest'. Lotus owed Raikkonen 17.15m euros (£14.5m) at the end of the season. Lopez told Germany's Auto Motor Und Sport magazine: 'We have around £114m of debt, of which more than £80m debt is with ourselves (Genii). Why would we demand the repayment of these...
Full Story »
11y ago from BBC.co.uk 0
Share

You May Also Be Interested In...

Lopez admits to £114m Lotus debt

Lotus chairman Gerard Lopez has revealed that his team is £114m in...
11y ago from Pitpass.com

Future of Lotus in 'significant doubt' after £170m...

The future of historic British motor marque Lotus has been called into...
12y ago from Pitpass.com

Lotus confirm Quantum over

Lotus owner Gerard Lopez has played down fears about their financial...
11y ago from SkySports.com

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

Elsewhere On The Network

Popular On MGPToday.com

Can Aprilia dethrone Ducati in the 2026 MotoGP title...

The conclusion of the 2025 MotoGP season saw an unprecedented level of...
20h ago from MotorsportWeek.c...

Aprilia Racing presents 2026 MotoGP livery

Aprilia Racing kicked off 2026 by unveiling its newest MotoGP livery in...
23h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Long Beach to bring in new leadership for iconic event

Organizers of the annual Grand Prix of Long Beach event have announced...
16h ago from MotorsportWeek.c...

Pato O’Ward joined by F2 champion in McLaren F1...

McLaren has announced its driver development program lineup for 2026,...
18h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Insider confirms Arsenal are ready to target summer...

Arsenal are preparing an audacious summer move for Newcastle United winger...
54m ago from CaughtOffside.com

Sources: 'Arsenal have been in his ear…' –...

Arsenal have approached Crystal Palace centre-back Marc Guehi about a free...
24m ago from CaughtOffside.com

“He doesn’t know what the hell he is on about?”...

Declan Rice was involved in a heated exchange with Arsenal assistant...
24m ago from SportsKeeda.com

Competitive tension is no bad thing

Morning all, happy Friday to you. There's an early Mikel Arteta press...
4h ago from Arseblog.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.