News Details
Lotus winding-up hearing postponed by High Court
Lotus has been able to postpone a winding-up hearing for two weeks after being summoned to the High Court in a legal battle with a number of creditors. The Lotus Formula 1 Ltd company is facing a financial settlement with creditors after being handed a winding-up petition at the Companies Court this Monday (6th July) with judge Mr Registrar Briggs present, but the hearing has been delayed by 14 days to allow the parties to find an out-of-court settlement. It is believed the Enstone-based team is waiting for funds to come in to pay its creditors, however, if they are unable to find a resolution over the next two weeks Lotus could be threatened with administration which could put its F1...
Full Story »
Full Story »
You May Also Be Interested In...
Button not looking for points after tough Friday
Jenson Button has admitted that McLaren is unlikely to record a top ten...
9y ago from Crash.net
Small updates as Lotus looks for home comforts
Lotus technical director Nick Chester is in optimistic mood as the team...
9y ago from Crash.net
Verstappen knocked sideways by wild Silverstone exit
Max Verstappen says he is uncertain as to why he suffered a high-speed...
9y ago from Crash.net
Massa aims to capitalise on Williams high spirits
Felipe Massa says Williams is riding on a crest of a wave which he hopes...
9y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Martin's recovery slow, will miss planned return at...
No description available...
1h ago from Motorsport.com
Joan Mir confident Honda ‘can be competitive...
Joan Mir believes that Honda has the potential to "be competitive...
4h ago from MotorsportWeek.c...
Jorge Martin confirms he will miss the Americas MotoGP...
Defending MotoGP champion Jorge Martin has confirmed he will miss the...
3h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Date set for IndyCar’s inaugural Grand Prix of...
The NTT IndyCar Series has announced a date for the first running on the...
2h ago from MotorsportWeek.c...
Bumping confirmed for Indy 500 as Takuma Sato becomes...
No description available...
1d ago from Motorsport.com
How VeeKay went from an unexpected ECR exit to...
No description available...
2d ago from Motorsport.com
Takuma Sato to contest 16th Indy 500 with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA steps in after WRC fuel supplier goes into...
No description available...
3d ago from Motorsport.com
Meet Claire Schonborn, the engineer turned WRC...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Barcelona Transfer News Roundup: Catalans eyeing new...
No description available...
48m ago from SportsKeeda.com
Barcelona 'reignite interest' in 23-goal marksman as...
Barcelona reportedly reignite their interest in Lille forward Jonathan...
1h ago from SportsMole.co.uk
Exclusive: Here's what Arsenal star told me about his...
I was in Tuesday’s press conference when William Saliba was quizzed on...
2h ago from CaughtOffside.com
'With Andrea Berta coming in…' – Arsenal...
Arsenal are bound to be linked with a lot of players ahead of this...
2h ago from CaughtOffside.com
Comments
Hottest News
FIA summon Lewis Hamilton’s Ferrari at Australian Grand...
Formula 1 legend Lewis Hamilton has had his... Read More »
8h ago from GPFans.com
Hamilton dealt Ferrari blow as data reveals major McLaren...
Formula 1 has revealed the expected overall pace... Read More »
1h ago from RacingNews365.com
When will Max Verstappen leave Red Bull?
Max Verstappen's leaving Red Bull is the subject... Read More »
47m ago from RacingNews365.com
