News Details
Renault takeover of Lotus F1 team now a done deal
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 Dec. 16 but the court heard that the acquisition was finalised only late last Friday. Jeremy Bamford, counsel for the revenue and customs...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Renault formally complete takeover of Lotus F1 Team
Renault have announced that their takeover of the Lotus F1 Team has been...
9y ago from FormulaSpy.com
Renault formally completes Lotus takeover
XPB Images
Renault has formally completed its takeover of the...
9y ago from F1i.com
Renault officially completes Lotus buyout for 2016 F1
The French car giant Renault has officially completed its takeover of the...
9y ago from ThisIsF1.com
Renault finalises takeover of Lotus
Lotus F1 Team Renault has finalised its purchase of the Lotus Formula 1...
9y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
MotoGP confirms date of Balaton Park homologation...
MotoGP has confirmed that the homologation approval for the Balaton Park...
18h ago from MotorsportWeek.c...
What Trackhouse saw in Ogura that made him a surprise...
No description available...
2d ago from Motorsport.com
KTM compares Pedro Acosta's MotoGP approach to...
KTM Motorsport Director Pit Beirer compared Pedro Acosta's approach to...
2d ago from MotorsportWeek.c...
Three Ducati riders rode with ‘updated’ 2025...
A spokesperson for Ducati has revealed three of its riders raced at the...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Bumping confirmed for Indy 500 as Takuma Sato becomes...
No description available...
1d ago from Motorsport.com
How VeeKay went from an unexpected ECR exit to...
No description available...
1d ago from Motorsport.com
Takuma Sato to contest 16th Indy 500 with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will...
1d ago from MotorsportWeek.c...
FOX working to bring Kentucky Derby-style betting to...
This past weekend FOX produced its first IndyCar broadcast of a new...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
FIA steps in after WRC fuel supplier goes into...
No description available...
2d ago from Motorsport.com
Meet Claire Schonborn, the engineer turned WRC...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal 2-2 PSV (9-3 agg.): Gunners' Player Ratings as...
No description available...
1h ago from SportsKeeda.com
Arsenal 2-2 PSV: Job done, now Real Madrid await
Match report – Player ratings – Arteta reaction – Video...
22m ago from Arseblog.com
“So Liverpool for me just ticks all the boxes for...
No description available...
2h ago from SportsKeeda.com
'Just give the lad the armband', 'I won't forget these...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Madrid Grand Prix announces name for its brand-new circuit
With the Spanish Grand Prix set to move to Madrid... Read More »
42m ago from F1Technical.net
Wolff rules out 'flirting' with Verstappen to focus on...
Toto Wolff has put an end to the speculation... Read More »
32m ago from GPBlog.com
Verstappen to Mercedes 'not on any radar' – Wolff
Mercedes F1 boss Toto Wolff says a pitch to sign... Read More »
42m ago from BBC.co.uk
