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 »
10y 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...
10y 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...
10y ago from Formula1Blog.com
Red Bull confirms split with title sponsor Infiniti
Red Bull has announced that it will split with current title sponsor...
10y ago from GrandPrixTimes.com
Renault complete Lotus takeover
Renault have finally completed their protracted takeover of Lotus, buying...
10y ago from SkySports.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez shrugs off controversy over pitlane entry...
No description available...
2h ago from Motorsport.com
Marc Marquez wins chaotic Jerez MotoGP Sprint despite...
Marc Marquez crashed but made the right strategy calls to prevail in the...
4h ago from MotorsportWeek.c...
Johann Zarco questions Marc Marquez over Jerez pitlane...
No description available...
3h ago from Motorsport.com
MotoGP Spanish GP: Marc Marquez wins chaotic sprint...
No description available...
4h ago from Motorsport.com
Popular On IndyCarToday.com
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
23h ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
3d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
4d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
WRC Canary Islands: Oliver Solberg closes on Sebastien...
No description available...
5h ago from Motorsport.com
Sebastien Ogier goes all out on asphalt attack
Sebastien Ogier and Vincent Landais lead Rally Islas Canarias by 8.6...
23h ago from MotorsportWeek.c...
WRC Canary Islands: Sebastien Ogier leads as Toyota...
No description available...
20h ago from Motorsport.com
Dani Sordo reacts to interest from WRC’s newest...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“Guy has nothing to offer” - Arsenal fans slam...
Arsenal fans are not happy as Mikel Arteta has named Kai Havertz and Noni...
1h ago from SportsKeeda.com
'Magnificent execution!' | Nev: Eze goal for Gunners...
Analysis from Sky Sports pundit Gary Neville who says Eberechi Eze's goal...
14m ago from SkySports.com
Arsenal v Newcastle – live blog
Join us for live blog coverage of our Premier League clash at home to...
1h ago from Arseblog.com
Major boost for Arsenal as 11 G/A Atletico Madrid star...
Arsenal could reportedly be handed a major boost for their Champions...
4h ago from CaughtOffside.com
Comments
Hottest News
Seismic Chinese car brand confirms F1 entry discussions
Chinese automotive manufacturer BYD has... Read More »
54m ago from MotorsportWeek.com
F1 Schedule: Miami Grand Prix times and running order with...
F1 finally returns to action at the Miami Grand... Read More »
2h ago from GPFans.com
Fernando Alonso opens up on 'difficult' retirement decision
Fernando Alonso has raced in F1 since 2001 and... Read More »
54m ago from GPFans.com
