News Details

Lotus up to date on 'all salaries'

Lotus have reportedly paid "all salaries" to staff amidst rumours of financial trouble at the F1 team. Earlier this week, Germany's Motorsport-Total reported that the Enstone-based team is "in financial trouble" and fighting for "survival." The team, the article alleges, is in debt to the tune of €120m ($160m) with salaries paid late and "suppliers and service providers" also not getting their money on time. One person has recently confirmed he has not been paid on time is Kimi Raikkonen. "This happened last year, now again so it is not ideal," said the 33-year-old, who is considering a move to Red Bull Racing. However, according to...
Full Story »
12y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Lotus brushes aside late payment rumours

Lotus has responded to downcast rumours over its current financial state,...
12y ago from GPUpdate.net

Lotus struggling with finances?

Troubling signs of financial weakness are emerging from Lotus. The...
12y ago from GrandPrix.com

Sauber boss admits delay in Russian financial rescue...

Team principal Monisha Kaltenborn has admitted Sauber's headline grabbing...
12y ago from GrandPrix247.com

Lotus reportedly struggling financially

August 6th, 2013 - Troubling signs of financial weakness are emerging...
12y ago from F1Plus.com

Elsewhere On The Network

Popular On MGPToday.com

Miguel Oliveira reveals what’s ‘more difficult’...

Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...

Popular On IndyCarToday.com

Motorsport legend Alex Zanardi dies aged 59

Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...

Dual-tone Chevy ZR1X pace car revealed for...

The NTT IndyCar Series has revealed the Chevrolet pace car for the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Fit and firing Bukayo Saka injects fresh belief into...

astating cameo highlighted the crucial role the winger has to play if...
1h ago from TheGuardian.com

‘Might leave..' – Ex-player names Arsenal...

As the season approaches its dramatic conclusion this May, the tension...
5h ago from CaughtOffside.com

Arsenal vs Atletico Madrid Prediction and Betting Tips...

The UEFA Champions League features another set of knockout matches this...
5h ago from SportsKeeda.com

English defender is convinced he is joining Arsenal in...

Several players are being linked with a move to Arsenal with Mikel Arteta...
6h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.