News Details
Renault bought back Lotus for one pound
French carmaker Renault bought back its former works team Lotus for a single British pound. That is the finding of F1 business journalist Christian Sylt, who wrote in the Telegraph that company documents show only 1 pound actually changed hands as Renault bought a 90 per cent stake in the Enstone based team. In the fallout of the so-called ‘crash-gate' scandal at the end of last decade, Renault had sold its formerly championship-winning works team to the private equity firm Genii. Sylt, writing with Caroline Reid, added that Genii recorded a $274 million loss between buying the team and selling it back to Renault just before Christmas. Genii has, however, now retained a 10 per cent...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Renault bought back Lotus F1 team for 1 British pound
French carmaker Renault bought back its former works team Lotus for a...
9y ago from ThisIsF1.com
Renault purchased Lotus for £1
Renault bought a 90% stake in the struggling Lotus F1 team for just...
9y ago from Pitpass.com
Renault takeover of Lotus F1 team now a done deal
Renault have completed their takeover of the Lotus Formula One team and...
9y ago from GrandPrix247.com
Abiteboul says no fantastic results for Renault early...
Renault's F1 chief has joined 2016 driver Jolyon Palmer in playing down...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
2d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
1w ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
4d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
The winners and losers from IndyCar’s Grand Prix of...
No description available...
4h ago from Motorsport.com
IndyCar Laguna Seca – Race Results
IndyCar traveled clear across the country since last weekend’s race,...
15h ago from MotorsportWeek.c...
A bittersweet weekend for IndyCar’s Arrow McLaren at...
No description available...
8h ago from Motorsport.com
Untouchable Alex Palou eases to IndyCar victory at...
The IndyCar paddock travelled over 2700 miles from the event last...
15h ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
2d ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“He has a preferred movement” - Ex-Premier League...
Braga manager Carlos Carvalhal opened up on his tactical set-up to try and...
4h ago from SportsKeeda.com
How to stop Viktor Gyökeres? ‘We’d have to foul...
onents from the striker’s time in Portugal on how they attempted to...
6h ago from TheGuardian.com
Arsenal 3-2 Newcastle – observations
Hey folks, I'm still here in Singapore. My flight is quite a bit later...
12h ago from Arseblog.com
'We are extremely happy to have him' - Mikel Arteta...
Arsenal manager Mikel Arteta has expressed his joy at having teenage star...
20h ago from SportsKeeda.com
Comments
Hottest News
Christian Horner breaks silence for first time after being...
Former Red Bull team boss Christian Horner posted... Read More »
6h ago from GrandPrix247.com
F1 team set for driver change at Hungarian Grand Prix
An F1 team will make a driver change at the... Read More »
2h ago from GPFans.com
How the delayed start to F1 Belgian GP assisted Charles...
Charles Leclerc has explained how race control's... Read More »
51m ago from MotorsportWeek.com
