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 HMRC has now withdrawn its application to put the team in to administration with Renault having completed a share purchase agreement ahead of a...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...
9y ago from SuperSport.com
Renault takeover of Lotus finally completed
Renault's return to Formula 1 with its own team has been formally...
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
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
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia wades into Jorge Martin MotoGP...
No description available...
16h ago from Motorsport.com
Does MotoGP need an F1-style contract board, amid...
No description available...
13h ago from Motorsport.com
Aprilia releases first statement regarding Jorge...
Aprilia has issued its first official statement on Jorge Martin amid...
18h ago from MotorsportWeek.c...
Dorna CEO Carmelo Ezpeleta to miss first MotoGP race...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Larson challenges IndyCar drivers to try “the...
No description available...
6h ago from Motorsport.com
‘A shock and a pity:’ Penske drivers respond to...
The past five days have been adventurous for all the wrong reasons for...
11h ago from MotorsportWeek.c...
Prema Racing: Who are the 2025 Indy 500 polesitters?
No description available...
12h ago from Motorsport.com
Josef Newgarden refuses to discuss Penske’s...
No description available...
10h ago from Motorsport.com
Popular On TotalWRC.com
WRC signs new deal to race in Portugal until at least...
No description available...
16h ago from Motorsport.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
3d ago from Motorsport.com
WRC Portugal: Sebastien Ogier claims record-extending...
No description available...
4d ago from Motorsport.com
Sebastien Ogier laments “most demanding” rally...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
“Arsenal were never going to win anything big with...
Liverpool legend Jamie Carragher has praised Arsenal manager Mikel Arteta...
36m ago from SportsKeeda.com
Exclusive: Premier League club could be forced to sell...
As the summer transfer window approaches, several Premier League giants,...
16m ago from CaughtOffside.com
Trossard extension sounds strange, but makes sense
Morning all. A quick Friday blog for you before I hit the links. Following...
1h ago from Arseblog.com
Kevin De Bruyne's most memorable Man City goals:...
Sports Mole takes a look at five memorable goals scored by Kevin De Bruyne...
7h ago from SportsMole.co.uk
Comments
Hottest News
F1 News Today: McLaren confirm change on BOTH cars as FIA...
As the Monaco Grand Prix approaches, McLaren have... Read More »
25m ago from GPFans.com
F1 Practice Today: Monaco Grand Prix 2025 start times,...
The eighth round of the 2025 Formula 1 season... Read More »
1h ago from GPFans.com
Lando Norris outlines stark difference to Oscar Piastri:...
If ever there were comments that underlined the... Read More »
1h ago from RacingNews365.com