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 HMRC has now withdrawn its application to put the team in to administration with Renault having completed a share purchase agreement ahead of a...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
How Alex Marquez won the MotoGP Spanish GP the Marc...
No description available...
11h ago from Motorsport.com
Yamaha set to confirm new inline-four MotoGP engine at...
Yamaha admits it is likely to use its updated inline-four MotoGP engine...
1d ago from MotorsportWeek.c...
Joan Mir confirms new Honda engine sees improvement in...
Joan Mir confirmed that Honda's new engine has shown improvements in 'all...
1d ago from MotorsportWeek.c...
Pedro Acosta did have surgery for arm-pump syndrome...
No description available...
1d ago from Motorsport.com
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...
5h ago from MotorsportWeek.c...
Helio Castroneves joins Barrichello, Massa in the 2025...
No description available...
2d ago from Motorsport.com
2025 Indianapolis 500 Chevrolet ZR1 pace car unveiled
No description available...
2d ago from Motorsport.com
Corvette ZR1 pace car revealed for 109th Indy 500
Indianapolis Motor Speedway has revealed the pace car that will head the...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rally Portugal set to feature record-equaling WRC...
No description available...
16h ago from Motorsport.com
Hyundai was 'clearly unprepared' for WRC Canary...
No description available...
1d ago from Motorsport.com
Toyota Gazoo Racing's silver lining
Toyota Gazoo Racing has a silver lining, literally. Not content with a...
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'I think he gets over-awed by those real big ones' -...
Former player Danny Murphy has slammed Martin Odegaard after Arsenal's 1-0...
2h ago from SportsKeeda.com
Arsenal set for transfer 'battle' with Paris...
Arsenal may have to do battle with Paris Saint-Germain off the pitch to...
3h ago from SportsMole.co.uk
'When you play like Barcelona play, the stadiums will...
Pep Guardiola has said he was impressed with both the Champions League...
3h ago from SportsKeeda.com
Asking price set: Arsenal very interested in...
Arsenal are very interested in signing the Roma defender Evan Ndicka at...
7h ago from CaughtOffside.com
Comments
Hottest News
Oscar Piastri responds to Australian F1 legend's critique...
Oscar Piastri has responded to comments made by... Read More »
5h ago from MotorsportWeek.com
Carlos Sainz ‘not surprised' by Lewis Hamilton...
Carlos Sainz said he’s “not surprised”... Read More »
10h ago from MotorsportWeek.com
Max Verstappen media miss as Lewis Hamilton demands FIA...
Max Verstappen missed media day ahead of this... Read More »
4h ago from RacingNews365.com
