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Lotus linked driver management company in liquidation
There are reports of mounting financial trouble with Lotus' team owners, with reports emerging that Gravity Sport, the driver management arm of Lotus' team owner Genii, was placed in voluntary administration at the request of its minority shareholder. The minor shareholder has a 33% stake, with the rest held by Lotus team owners Gerard Lopez and Eric Lux. According to the reports, Gravity – handling the careers of Romain Grosjean and others – is 26 million in debt, even though Genii reportedly insists it remains able to continue operating. However, 'liquidators were appointed at an extraordinary general meeting on March 9 to restructure or sell the company'. But a spokesman...
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9y ago from GrandPrix247.com
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