News Details
Lotus reveals £64m loss
Days after team owner Gerard Lopez dismissed talk of financial problems at Lotus, 2013 accounts reveal a £64m loss for Enstone outfit.According to a report in Forbes, the loss is the result of inter-company loans and the interest accrued. End of year accounts for 2013 reveal that though revenue remained stable at £92.6m ($154.1m), net losses increased by £9.6m ($16m) as interest payments on the inter-company loans increased to £13.5m ($22.6m).Talking to the Independent at the weekend, Lopez, whose private equity firm Genii Capital controls Lotus, said: 'We support Lotus with debt, not sponsorship like the other big teams”. This is confirmed by the fact that...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
Lopez dismisses talk of Lotus financial problems
Whilst admitting that his team has lost money, Lotus owner Gerard Lopez...
10y ago from Pitpass.com
Lopez hits back at Genii financial reports
Lopez hits back at Genii financial reportsPosted On 19 Aug 2014By :...
10y ago from ThisIsF1.com
Lopez hits back at Genii financial reports
Gerard Lopez has lashed back at reports suggesting Lotus team owner Genii...
10y ago from GrandPrix.com
Lopez denies Genii financial troubles
Gerard Lopez
Lotus owner Gerard Lopez has lashed back at reports...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Fabio Quartararo will need to be “very clever” to...
No description available...
16h ago from Motorsport.com
”It’s experience”: Fermin Aldeguer on his rise...
No description available...
15h ago from Motorsport.com
Marc Marquez prevails to take Le Mans MotoGP Sprint...
Marc Marquez remains unbeaten in MotoGP Sprint races in 2025 as he took...
19h ago from MotorsportWeek.c...
Road Glide bike to feature in new Harley-Davidson...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou dominates IndyCar field, extends winning...
No description available...
9h ago from Motorsport.com
Tire strategy undoes Graham Rahal’s best win chance...
Graham Rahal started in second place for Saturday’s Sonsio Grand Prix...
8h ago from MotorsportWeek.c...
IndyCar: Graham Rahal leaves Indy race yearning for...
No description available...
7h ago from Motorsport.com
Alex Palou secures another win at the Indianapolis GP
To begin the Month of May IndyCar held its traditional race around the...
9h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Discover the updated WRC 2027 rules presented to WRC...
No description available...
2d ago from Motorsport.com
Exclusive: Carlos Sainz Sr explains why “now is the...
No description available...
3d ago from Motorsport.com
Who is potential FIA presidential candidate Carlos...
No description available...
3d ago from Motorsport.com
Exclusive: Carlos Sainz Sr considering run for FIA...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Man United transfer news: Red Devils 'want three...
Manchester United are reportedly preparing to move for three Premier...
48m ago from SportsMole.co.uk
'He’s so fast and strong' — Liam Delap snubs...
Ipswich Town striker Liam Delap named Nottingham Forest centre-back...
48m ago from SportsKeeda.com
Arteta: First CL semi-final in 16 years? I don't want...
"I don't want anybody talking about it."
1h ago from SkySports.com
Real Madrid want Arsenal star along with William...
Real Madrid are stepping up their chase of Arsenal defender William...
48m ago from SportsKeeda.com
Comments
Hottest News
Ford provides update on all-new Red Bull F1 engine
Red Bull will race its own power unit in F1 for... Read More »
58m ago from RacingNews365.com
FIA responds to McLaren’s call for penalties over...
The FIA has weighed in after Zak Brown called... Read More »
2h ago from MotorsportWeek.com
Hill: Leaving Red Bull ‘might be wise thing to do” for...
F1 world champion Damon Hill believes that Max... Read More »
1h ago from F1i.com
