News Details
Renault only paid one pound to Lotus
It has emerged that Renault, in its return as a Formula One works team in 2016, has completed the takeover of Lotus F1 Team for a single pound. Renault takes 90% of the shares, while previous team owner, Genii Capitals retains a 10% stake. British paper Telegraph reported that French car manufacturer Renault paid only an emblematic amount to Belgian investment company Genii Capitals for taking back the Enstone-based F1 squad. However, Renault has to settle all the unpaid bills and debts Genii Capitals piled up over the years. Renault retired from Formula 1 as works team in 2010. The team which was renamed to Lotus has been in financial troubles since then. The squad has made a loss of EUR...
Full Story »
Full Story »
9y ago from F1Technical.net
0
You May Also Be Interested In...
Renault F1 eyes leap into Q3 with upgraded engine
Renault F1 eyes leap into Q3 with upgraded engine Renault factory F1 team...
9y ago from ThisIsF1.com
Toro Rosso return to Renault, RBR extend
As speculated on JWGP yesterday ,Renault have this morning announced that...
9y ago from JWGrandPrix.com
Maldonado talking to F1 teams over return
– Pastor Maldonado says he is speaking to multiple Formula 1 teams...
9y ago from GPUpdate.net
Red Bull and Renault have Canada-spec engine in Monaco
Renault's works team is eyeing a sudden leap into Q3 for this weekend's...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez just one win away from 100 and three from...
No description available...
6h ago from Motorsport.com
How concessions narrowed Ducati’s edge in MotoGP
No description available...
1d ago from Motorsport.com
Marc Marquez on fairytale Honda return: “It’s more...
No description available...
1d ago from Motorsport.com
Marc Marquez assesses his Ducati future beyond 2026...
Nine-time MotoGP champion Marc Marquez will be a key figure in the rider...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Barnes: A wishlist for the 2026 IndyCar season
No description available...
1d ago from Motorsport.com
Scott Dixon awarded prestigious New Zealand honor
To close out 2025, one of IndyCar’s most decorated drivers was awarded...
3d ago from MotorsportWeek.c...
Exclusive: Nolan Siegel on hot seat entering contract...
No description available...
4d ago from Motorsport.com
Top five memorable drives of the 2025 IndyCar season
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 1: Mini snatches win from Ford as...
No description available...
3h ago from Motorsport.com
Defending Dakar winner Yazeed Al-Rajhi explains...
No description available...
1h ago from Motorsport.com
How will the new Defender fare against Dakar's fastest...
No description available...
1d ago from Motorsport.com
Amputated navigator returns to Dakar 11 months after...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'We wouldn’t be where we are without him' - Declan...
Arsenal midfielder Declan Rice waxed lyrical about his teammate Viktor...
4h ago from SportsKeeda.com
'I do not see us becoming champions again' - Liverpool...
Liverpool star Alexis Mac Allister has named Arsenal and Manchester City...
4h ago from SportsKeeda.com
'I don't see where he can stop' - Mikel Arteta hails...
Arsenal manager Mikel Arteta has heaped praise on Declan Rice after his...
5h ago from SportsKeeda.com
Bournemouth 2-3 Arsenal: Twice Rice baby
Match report – Player ratings – Arteta reaction – Video...
7h ago from Arseblog.com
Comments
Hottest News
FIA expects F1 engines to drive early performance gaps in...
As Formula 1 gears up for its highly-anticipated... Read More »
59m ago from F1i.com
F1 2026 regulations a 'sad' direction for drivers
The Aston Martin is seemingly not a fan of what... Read More »
39m ago from RacingNews365.com
Sergio Perez sends Venezuela message of solidarity after...
Sergio Perez has posted a message to his... Read More »
3h ago from RacingNews365.com
