News Details
Lotus court case postponed pending Renault purchase
The Lotus Formula 1 team's court case has been subject to a further adjournment until 21 December, following a hearing at the High Court in London on Monday. This was supposed to have been the final chance for Lotus to deal with its main creditor – the UK tax authorities – but last week's confirmation that the purchase by Renault is to go ahead ensured that the judge agreed to allow more time. The Renault share purchase agreement (SPA) is due to be completed by 16 December, and had the deal not been confirmed, the team faced administration. Emphasising how precarious the situation was, Mr Justice Birss said: “You got away with it... or rather, it has been got away with.” “It's...
Full Story »
Full Story »
9y ago from Motorsport.com
0
You May Also Be Interested In...
Lotus-Renault takeover ‘completed'
Renault has confirmed the take-over process with Lotus F1 has been...
9y ago from F1Hub.net
Renault takeover of Lotus F1 is done deal
F1 News Renault takeover of Lotus F1 is done deal Here's how the new tire...
9y ago from Formula1Blog.com
Red Bull confirms split with title sponsor Infiniti
Red Bull has announced that it will split with current title sponsor...
9y ago from GrandPrixTimes.com
Renault complete Lotus takeover
Renault have finally completed their protracted takeover of Lotus, buying...
9y ago from SkySports.com
Elsewhere On The Network
Popular On MGPToday.com
Alex Marquez tops the timesheets in second Silverstone...
Alex Marquez produced a record-breaking lap in the closing seconds to top...
2h ago from MotorsportWeek.c...
Franco Morbidelli suffers second grid penalty of...
No description available...
37m ago from Motorsport.com
Ai Ogura uncertain for MotoGP British GP after Friday...
No description available...
27m ago from Motorsport.com
Francesco Bagnaia: Jorge Martin ‘must respect'...
Two-time premier class champion Francesco Bagnaia has said that Jorge...
4h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Josef Newgarden leads Indy 500 final practice, RHR's...
No description available...
1h ago from Motorsport.com
Costly Carb Day practice as Josef Newgarden fastest
Friday was Carb Day at the Indianapolis Motor Speedway, with drivers...
2h ago from MotorsportWeek.c...
‘A shock and a pity:’ Penske drivers respond to...
The past five days have been adventurous for all the wrong reasons for...
23h ago from MotorsportWeek.c...
Kyle Larson challenges IndyCar drivers to try “the...
No description available...
19h ago from Motorsport.com
Popular On TotalWRC.com
WRC signs new deal to race in Portugal until at least...
No description available...
1d ago from Motorsport.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
4d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
5d ago from Motorsport.com
Sebastien Ogier laments “most demanding” rally...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal transfer news: Gunners deciding between...
Arsenal are reportedly contemplating whether to move for Sporting Lisbon's...
2h ago from SportsMole.co.uk
Chelsea transfer news: Blues 'speed up negotiations'...
Chelsea are reportedly looking to secure a 60m (£50.34m) deal for an...
5h ago from SportsMole.co.uk
Premier League GW38 predictions: Nottingham Forest to...
Sports Mole takes on Max Rowat of electronic music duo Koven for a Premier...
1h ago from SportsMole.co.uk
Arsenal in concrete talks to sign attacker with 80...
Arsenal are in concrete talks to sign Benjamin Sesko this summer,...
1h ago from SportsKeeda.com
Comments
Hottest News
F1 2025 Monaco Grand Prix – FP2 Results
Charles Leclerc topped the timesheets in the... Read More »
3h ago from MotorsportWeek.com
F1 2025 Monaco Grand Prix – FP1 Results
Ferrari’s Charles Leclerc tops the timing... Read More »
6h ago from MotorsportWeek.com
Monaco Grand Prix Free Practice 2 - Results
Full results from Free Practice 2 for the Monaco... Read More »
2h ago from F1i.com