News Details
Renault formally completes Lotus takeover
XPB Images
Renault has formally completed its takeover of the Lotus F1 Team, leading to an insolvency petition being dismissed. Lotus has been in court due to a case brought against it by HM Revenue and Customs over unpaid tax, with a hearing in early December being adjourned after Renault confirmed it would take control of the team and pay creditors by the end of the year. With the court reconvening on Monday, Renault's lawyers confirmed the takeover had been completed, telling a judge: "We have the keys, so to speak." HMRC has now withdrawn its application to put the team in to administration with Renault having completed a share purchase agreement ahead of a...
Full Story »
Full Story »
You May Also Be Interested In...
Renault complete purchase of Lotus
Renault have completed their takeover of the Lotus Formula One team and...
8y ago from SuperSport.com
Renault takeover of Lotus finally completed
Renault's return to Formula 1 with its own team has been formally...
8y 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...
8y 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...
8y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Toprak Razgatlioglu's manager: ‘2026 MotoGP is...
Toprak Razgatlioglu's manager Kenan Sofuoglu has revealed the Turkish...
11h ago from MotorsportWeek.c...
Bagnaia favours Bulega over Iannone for MotoGP debut...
No description available...
12h ago from Motorsport.com
2024 MotoGP Thailand Grand Prix – How to watch,...
No description available...
13h ago from Motorsport.com
Honda set to announce Castrol MotoGP partnership from...
The Honda MotoGP factory works team has reportedly agreed on a new...
13h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pushing for innovation: IndyCar's need for an...
No description available...
6h ago from Motorsport.com
Graham Rahal hoping better luck helps him rebound in...
Graham Rahal believes a continued streak of bad luck has played a major...
2d ago from MotorsportWeek.c...
Malukas reflects on turbulent 2024 IndyCar season that...
No description available...
2d ago from Motorsport.com
Former Red Bull Junior Hauger joins Andretti’s Indy...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Solberg sheds light on 2025 WRC Rally1/Rally2 conundrum
No description available...
12h ago from Motorsport.com
Kuldar Sikk recovering from broken spine at Central...
Kuldar Sikk broke his spine and underwent emergency surgery after an...
2d ago from TheCheckeredFlag...
Hyundai yet to make 2025 WRC third driver call as...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Liverpool 'receive injury update' on Diogo Jota ahead...
Liverpool attacker Diogo Jota is reportedly expected to be unavailable for...
2h ago from SportsMole.co.uk
Arsenal transfer news: Gunners add Premier League...
Arsenal are reportedly considering a move to sign Aston Villa striker Jhon...
2h ago from SportsMole.co.uk
'Above Robben, Duff, Cristiano Ronaldo, above...
No description available...
2h ago from SportsKeeda.com
'Going to try to win the PL again? Forget about it' -...
No description available...
6h ago from SportsKeeda.com
Comments
Hottest News
Colapinto explains Brundle grid walk snub in Austin
Williams rookie Franco Colapinto has explained... Read More »
4h ago from F1i.com
McLaren lodges petition for review of Norris penalty
McLaren has lodged a petition for a right of... Read More »
1h ago from Racer.com
Lewis Hamilton: ‘Grey area' F1 rules have favoured...
Mercedes' Lewis Hamilton implied that "grey... Read More »
2h ago from MotorsportWeek.com