News Details
Lotus sells stake in team to investment group
Lotus have sold a 35 per cent stake in the team to investment group Infinity Racing Partners Limited, they announced on Tuesday.The Enstone-based squad was previously 100 per cent owned by Genii Capital, the investment firm co-founded by Lotus F1’s chairman Gerard Lopez. Under the new arrangement, Genii Capital will retain a controlling stake (65 per cent) of the team, with Lopez continuing as Chairman and Genii CEO Eric Lux retaining his seat on the Board of Directors.Speaking about Infinity Racing, an investment consortium comprised of private investors from America, Abu Dhabi and royal family interests of an unnamed oil producing nation, Lux said:“As Lotus F1 Team results...
Full Story »
Full Story »
12y ago from Formula1.com
0
You May Also Be Interested In...
Lotus sells stake to investment group
Lotus owner Genii Capital has sold a 35 per cent stake in the team to new...
12y ago from AutoSport.com
Infinity Racing takes 35% stake in Lotus F1
An investment consortium, Infinity Racing, has acquired a 35 per cent...
12y ago from TheF1Times.com
F1 2013 – Lotus strengthen financial position with...
Lotus F1 Team has new part-owners as of today, with Infinity Racing...
12y ago from F1.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Adelaide bids to host MotoGP’s first-ever street...
No description available...
6h ago from Motorsport.com
Victoria Government rejects MotoGP requests to move...
The Victoria State Government has rejected a request from MotoGP to move...
1d ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
1d ago from Motorsport.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Alex Palou, Chip Ganassi awarded Baby Borgs in...
No description available...
47m ago from Motorsport.com
David Malukas heads the timesheets in opening IndyCar...
The NTT IndyCar Series held the first of two open test days at Phoenix...
16h ago from MotorsportWeek.c...
David Malukas paces first day of Unser IndyCar Open...
No description available...
16h ago from Motorsport.com
George Barber, founder of iconic IndyCar venue, passes...
Barber Motorsports Park has announced that founder of the iconic track...
21h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
2d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
3d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
3d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
'One of the only ones in that dressing room who has...
Rio Ferdinand has backed Gabriel Jesus to be a critical player for Arsenal...
2h ago from SportsKeeda.com
Manchester United overtake Arsenal & Barcelona in...
Manchester United now reportedly look to be leading the race for the...
2h ago from CaughtOffside.com
Report: Tottenham star could complete surprise...
Tottenham striker Richarlison is reportedly a transfer target for Atletico...
3h ago from CaughtOffside.com
Every Premier League free agent this summer, featuring...
We've got a list of every free agent who'll be on the market this summer...
5h ago from CaughtOffside.com
Comments
Hottest News
F1 Testing Results: Bahrain timesheets - Ferrari go fastest...
The second week of F1 testing at the Bahrain... Read More »
5h ago from GPFans.com
F1: Test Times: Bahrain 18-02
Today's times from Manama, the first day of the... Read More »
37m ago from Pitpass.com
F1 Testing Results: Bahrain timesheets as Russell dominates...
The second week of F1 testing at the Bahrain... Read More »
57m ago from GPFans.com
