News Details

Renault complete purchase of Lotus

Renault have completed their takeover of the Lotus Formula One team and paid debts to creditors including the British tax authorities, the London High Court heard on Monday. "We have a completion of the share purchase," a lawyer for the French car company told the judge, Mr Justice Birss, at a hearing that formally dismissed an insolvency petition that would have put the team into administration. "We have the keys, so to speak," he added. The share purchase agreement (SPA) that made Renault the controlling shareholder had been due for completion on December 16 but the court heard that the acquisition was finalised only late last Friday. Jeremy Bamford, counsel for the...
Full Story »
9y ago from SuperSport.com 0
Share

You May Also Be Interested In...

Renault was 'very close' to F1 pull-out - Prost

Alain Prost has revealed that Renault was 'very, very close' to a Formula...
9y ago from Motorsport.com

Renault was 'very close' to F1 pull out - Prost

Alain Prost has revealed that Renault was 'very, very close' to a Formula...
9y ago from Motorsport.com

Palmer keen to impress Renault in 2016

 XPB Images Jolyon Palmer says 2016 will be crucial for him to...
9y ago from F1i.com

Jorda excited about future with Renault

Carmen Jorda sounds confident she will remain with Enstone as the current...
9y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Yamaha set to confirm new inline-four MotoGP engine at...

Yamaha admits it is likely to use its updated inline-four MotoGP engine...

Joan Mir confirms new Honda engine sees improvement in...

Joan Mir confirmed that Honda's new engine has shown improvements in 'all...

Popular On IndyCarToday.com

AJ Foyt Racing continues partnership with Homes For...

AJ Foyt Racing has announced that it will once again partner with Homes...
12h ago from MotorsportWeek.c...

Corvette ZR1 pace car revealed for 109th Indy 500

Indianapolis Motor Speedway has revealed the pace car that will head the...

Popular On TotalWRC.com

Toyota Gazoo Racing's silver lining

Toyota Gazoo Racing has a silver lining, literally. Not content with a...

Popular On GunnersToday.com

Can you name every member of Leicester City's...

To mark the anniversary of Leicester City's unforgettable Premier League...
55m ago from SportsMole.co.uk

Liverpool fans will be frustrated with ‘internal...

The 2025 summer transfer window is set to be a wild west for Premier...
1h ago from CaughtOffside.com

“I’m angry about what happened” - William Gallas...

William Gallas has named Arsenal as the flops of the Premier League season...
44m ago from SportsKeeda.com

Man United, Man City, Liverpool 'on red alert' as...

Crystal Palace attacker Eberechi Eze reportedly informs the Eagles that he...
1h ago from SportsMole.co.uk

Comments

Hottest News

F1: 'We need to react,' admits Alonso

Fearing that his team is focussed on next season,... Read More »
55m ago from Pitpass.com

Oliver Bearman highlights ‘unfair' aspect to F1...

Oliver Bearman has highlighted what he perceives... Read More »
55m ago from MotorsportWeek.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.