News Details
Lopez denies Lotus in financial strife
Team owner Gerard Lopez on Saturday played down reports of financial strife at Lotus.
Reportedly in debt to the tune of EUR 120 million, behind in payments to lead driver Kimi Raikkonen and with the new Infinity Racing investment in doubt, Lopez insisted at Spa-Francorchamps that Lotus is in fact in good health.
Indeed, some believe the team's debt is actually just 28 million.
"It is 120 million," Lopez confirmed to Auto Motor und Sport, "but four-fifths of it we owe to ourselves, to Genii, because we do not sponsor the team but finance it through loans."
He said, therefore, that Genii is not going to urgently demand Lotus pay it back.
"First of all I want to ensure...
Full Story »
Full Story »
12y ago from GrandPrix.com
0
You May Also Be Interested In...
Raikkonen has a laugh after testing GP3 car
Lotus driver Kimi Raikkonen tested this year's GP3 car in Barcelona, and...
12y ago from GrandPrix247.com
No deal for struggling Sauber
Sauber's financial woes might not be over just yet, with reports claiming...
12y ago from SkySports.com
Red Bull hint that Raikkonen not part of 2014 plans
Red Bull's motorsport consultant Helmut Marko has provided an early...
12y ago from GrandPrix247.com
Sauber have yet to fully pay Ferrari engine bill
Reports that Sauber's Russian rescue deal is teetering on the verge of...
12y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Who crashed the most during the 2025 MotoGP season?
No description available...
16h ago from Motorsport.com
Ai Ogura: Fifth on MotoGP debut “kills me” after...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu reveals ‘biggest difference’...
Toprak Razgatlioglu has revealed how “different” MotoGP is to...
3d ago from MotorsportWeek.c...
Maverick Vinales “mentally stronger” than ever...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Sunoco makes full-time IndyCar return as primary...
No description available...
1d ago from Motorsport.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
1d ago from MotorsportWeek.c...
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
2d ago from MotorsportWeek.c...
IndyCar to introduce independent officiating system
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
How Hayden Paddon got his second shot in WRC
No description available...
17h ago from Motorsport.com
Lancia reveals driver line-up for 2026 WRC return
No description available...
1d ago from Motorsport.com
FIA reveals final details of WRC 2027 regulations
No description available...
3d ago from Motorsport.com
What Adrien Fourmaux and Oliver Solberg learned from...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
“Carried the team on his back”, “One man army”...
Arsenal fans were left in awe of Bukayo Saka’s performance during their...
5h ago from SportsKeeda.com
Mosquera’s last-gasp own goal hands Arsenal dramatic...
easy games? Surely this one would be for Arsenal. Never before in English...
6h ago from TheGuardian.com
Arsenal 2-1 Wolves: Premier League – live reaction
Bukayo Saka crosses forced two own goals as Arsenal somehow found a way...
6h ago from TheGuardian.com
Arsenal go five points clear with 94th-minute winner...
Yerson Mosquera's 94th-minute own goal clinched a dramatic 2-1 win for...
6h ago from SkySports.com
Comments
Hottest News
Lewis Hamilton private chat confirms retirement decision
F1 commentator David Croft has revealed that he... Read More »
9h ago from GPFans.com
Ferrari 'problems' developing over F1 2026 as surprise team...
Ferrari's hopes of becoming a championship... Read More »
8h ago from GPFans.com
Check out the sound of 2026 Formula 1 courtesy of Honda
Honda has released a recording of their engine... Read More »
12h ago from GrandPrix247.com
