News Details
Lotus F1 team faces winding-up petition
The Lotus Formula 1 team has been given two weeks to reach an agreement with creditors after a winding-up petition was adjourned. Lotus Formula 1 Ltd featured on a winding-up list of the Companies Court on Monday with the hearing delayed until July 20 by judge Mr Registrar Briggs. If the team is unable to come to an agreement with its creditors there is a chance the outfit would be placed into administration. The Enstone operation, currently sixth in the constructor standings, has faced financial struggles in recent seasons. Despite facing a winding-up petitions, Lotus CEO Matthew Carter is confident the team will resolve the issue it has with its creditors. Gearbox manufacturer Xtrac has...
Full Story »
Full Story »
9y ago from SpeedCafe.com
0
You May Also Be Interested In...
Lotus winding-up petition postponed
– A winding-up petition against Lotus has been adjourned for two...
9y ago from GPUpdate.net
Lotus F1 team faces winding-up petition
The Lotus Formula 1 team is facing legal trouble in the wake of a...
9y ago from Motorsport.com
Business as usual for Lotus
A number of creditors, clearly concerned by the demise of Caterham and...
9y ago from Pitpass.com
Lotus winding-up hearing postponed by High Court
Lotus has been able to postpone a winding-up hearing for two weeks after...
9y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Joan Mir confident Honda ‘can be competitive...
Joan Mir believes that Honda has the potential to "be competitive...
1h ago from MotorsportWeek.c...
Jerez provides new MotoGP update amid postponements...
The organisers of the Spanish Grand Prix are confident the MotoGP race at...
5h ago from MotorsportWeek.c...
MotoGP confirms date of Balaton Park homologation...
MotoGP has confirmed that the homologation approval for the Balaton Park...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
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...
1d 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...
FOX working to bring Kentucky Derby-style betting to...
This past weekend FOX produced its first IndyCar broadcast of a new...
5d 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
Arsenal star set to miss first leg of UCL Q/F clash...
No description available...
1h ago from SportsKeeda.com
Oleksandr Zinchenko: Arsenal left-back delivers honest...
Arsenal left-back Oleksandr Zinchenko delivers a fresh update on his...
1h ago from SportsMole.co.uk
Arsenal transfer latest: New sporting director Andrea...
Arsenal's incoming sporting director Andrea Berta reportedly wants to make...
1h ago from SportsMole.co.uk
Joshua Kimmich: Bayern Munich star reacts to contract...
Bayern Munich midfielder Joshua Kimmich, who had recently been linked to...
1h ago from SportsMole.co.uk
Comments
Hottest News
FIA summon Lewis Hamilton’s Ferrari at Australian Grand...
Formula 1 legend Lewis Hamilton has had his... Read More »
5h ago from GPFans.com
Piastri jokes with Verstappen in press conference: 'If you...
Formula 1 is home to 20 of the best drivers in... Read More »
52m ago from GPBlog.com
Charles Leclerc dispels concern over Ferrari SF-25 balance...
Charles Leclerc has dispelled the concern... Read More »
1h ago from MotorsportWeek.com
