News Details
Lopez slams reports of financial woes
Chairman Gerard Lopez has slammed reports that Lotus is in financial trouble as "unfair" to those working for the 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.
Lopez, however, says the debt is not "real" debt and that all salaries have been paid on time.
"On the €120 million debt, anybody half-smart can find out that number by going to Companies House records...
Full Story »
Full Story »
12y ago from PlanetF1.com
0
You May Also Be Interested In...
Boullier: Costs must come down
Team boss Eric Boullier has urged Formula One to curb rising costs admits...
12y ago from PlanetF1.com
Lotus up to date on 'all salaries'
Lotus have reportedly paid "all salaries" to staff amidst...
12y ago from PlanetF1.com
Reports of Lotus cash struggles won't go away as they...
Troubling signs of financial weakness are continuing to emerge from Lotus,...
12y ago from GrandPrix247.com
Sauber boss admits delay in Russian financial rescue...
Team principal Monisha Kaltenborn has admitted Sauber's headline grabbing...
12y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Aprilia boss is "disappointed" about not...
No description available...
4h ago from Motorsport.com
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
1d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
2d ago from Motorsport.com
Trackhouse Aprilia launches two liveries ahead of 2026...
Trackhouse Aprilia satellite team has launched its two new liveries in...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar penalizes Abel Motorsports for rig testing
No description available...
36m ago from Motorsport.com
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
5h ago from MotorsportWeek.c...
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
8h ago from MotorsportWeek.c...
Palou ordered to pay $12 million to McLaren in...
No description available...
7h ago from Motorsport.com
Popular On TotalWRC.com
Solberg sensational in the snow (and slush, and rain)
Oliver Solberg and Elliot Edmondson, making their debut as full-time...
2h ago from MotorsportWeek.c...
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
7h ago from Motorsport.com
FIA offers update on new WRC commercial rights holder...
No description available...
3h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg takes early lead...
No description available...
22h ago from Motorsport.com
Popular On GunnersToday.com
Deadly deliveries and controlled chaos: how Arsenal...
el Arteta’s side have scored 19 goals from corners this season. Why are...
26m ago from TheGuardian.com
Then and now: what has changed since the opening...
s weekend’s fixtures are the reverse of a first round that saw Arsenal...
3h ago from TheGuardian.com
Arsenal vs Manchester United Prediction and Betting...
The Premier League returns to the fold with a massive clash between two of...
2h ago from SportsKeeda.com
Arsenal handed double injury boost ahead of PL clash...
Arsenal have been handed a double injury boost ahead of their Premier...
3h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton says you have to be most efficient driver...
Lewis Hamilton spoke of the 'massive challenge'... Read More »
1h ago from GrandPrix247.com
Flavio Briatore reveals Christian Horner negotiating with...
Christian Horner could take a stake in the Alpine... Read More »
1h ago from GrandPrix247.com
Ferrari to 'raid McLaren' after Lewis Hamilton switch
Lewis Hamilton will have a new race engineer in... Read More »
1h ago from GPFans.com




























