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
Marc Marquez can only "survive" in Spanish...
No description available...
1h ago from Motorsport.com
Jorge Martin to drop three places on Spanish GP grid...
No description available...
2h ago from Motorsport.com
Pedro Acosta explains Q1 relegation, hopes Jerez is...
No description available...
2h ago from Motorsport.com
Davide Brivio: 'It's time for Trackhouse to get an...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
55m ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
3d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
3d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier goes all out on asphalt attack
Sebastien Ogier and Vincent Landais lead Rally Islas Canarias by 8.6...
15m ago from MotorsportWeek.c...
Dani Sordo reacts to interest from WRC’s newest...
No description available...
2h ago from Motorsport.com
WRC Canary Islands: Sebastien Ogier extends lead as...
No description available...
5h ago from Motorsport.com
WRC Canary Islands: Sebastien Ogier leads, SS3...
No description available...
10h ago from Motorsport.com
Popular On GunnersToday.com
Arteta targets 60m speedster as Man United prepare bid...
Karim Adeyemi has been linked with a move away from Borussia Dortmund at...
34m ago from CaughtOffside.com
'We are all in. Let’s go for it' - Mikel Arteta...
Arsenal boss Mikel Arteta has urged his players to rise to the occasion...
1h ago from SportsKeeda.com
Man United hold edge in race for 21-G/A Arsenal and...
Aston Villa star Morgan Rogers has been linked with a move away from the...
2h ago from CaughtOffside.com
Mikel Arteta confirms 2 key Arsenal stars will return...
Arsenal manager Mikel Arteta has confirmed that Riccardo Calafiori and...
2h ago from SportsKeeda.com
Comments
Hottest News
McLaren reveals F1 legality suspicions of Ferrari...
McLaren chief designer Rob Marshall has revealed... Read More »
3h ago from MotorsportWeek.com
Watch: Ferrari legend crashes classic F1 car in Monaco...
This week sees the return of the Historic Monaco... Read More »
2h ago from MotorsportWeek.com
McLaren confirm talks to sign Red Bull F1 star early
McLaren F1 CEO Zak Brown has confirmed talks with... Read More »
1h ago from GPFans.com
