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 »
12y ago from PlanetF1.com 0
Share

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

Trackhouse boss reveals steps MotoGP must take to...

Trackhouse owner Justin Marks has revealed how he plans to promote his...
16h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Experienced engineer Mike O’Gara joins IndyCar as...

IndyCar has announced that Mike O’Gara has joined the series as Vice...
14h ago from MotorsportWeek.c...

Roger Penske adds voice to discussion on US sports...

Roger Penske, owner of the NTT IndyCar Series and the Indianapolis Motor...

Popular On TotalWRC.com

Thierry Neuville crashes out of Croatia lead in final...

A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...

Popular On GunnersToday.com

Report: Arsenal and Chelsea locked in tug-of-war for...

Como’s promising young defender Jacobo Ramón has emerged as one of the...
6m ago from CaughtOffside.com

Arsenal 0-0 Sporting: Gunners lean into their real...

Match report – Player ratings – Arteta reaction Arsenal are...
6m ago from Arseblog.com

'Lack basic footballing IQ', 'Should feel so...

Arsenal fans are furious with Noni Madueke and Gabriel Martinelli despite...
6h ago from SportsKeeda.com

‘Shattered’ Rice wows Arteta by getting off...

t;li>Captain’s brave display helps Arsenal reach semi-final‘We are...
7h ago from TheGuardian.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.