News Details
Lopez denies Lotus in financial strife
By Editor on Saturday, August 24, 2013 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, '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 that the...
Full Story »
Full Story »
12y ago from F1Zone.net
0
You May Also Be Interested In...
Lopez denies Lotus in financial strife
Team owner Gerard Lopez on Saturday played down reports of financial...
12y ago from GrandPrix.com
Kimi Raikkonen Q&A: Only the rumours have changed
Kimi Raikkonen was giving little away when quizzed about his 2014 plans...
12y ago from Formula1.com
Unwell Raikkonen to skip media duties
By Editor on Thursday, August 22, 2013 Kimi Raikkonen will not be present...
12y ago from F1Zone.net
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
Elsewhere On The Network
Popular On MGPToday.com
MotoGP French GP: Jorge Martin leads Aprilia podium...
No description available...
9h ago from Motorsport.com
Jorge Martin seals comeback from nightmare 2025: 'I'm...
No description available...
6h ago from Motorsport.com
Marc Marquez undergoes double surgery after nasty...
No description available...
8h ago from Motorsport.com
Japan's MotoGP podium drought is over: The history...
No description available...
7h ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard finally gets IndyCar redemption...
No description available...
6h ago from Motorsport.com
David Malukas impressed with ‘proper move’ that...
David Malukas finished second in the Sonsio Grand Prix on Saturday,...
6h ago from MotorsportWeek.c...
McLaren chief brands Fernando Alonso Indy 500 failure...
McLaren CEO Zak Brown has identified Fernando Alonso's failure to qualify...
10h ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Sebastien Ogier’s near-perfect Rally Portugal...
No description available...
4h ago from Motorsport.com
Thierry Neuville nabs Portuguese win
Sebastien Ogier and Vincent Landais had their eighth Rally de Portugal...
8h ago from MotorsportWeek.c...
WRC Portugal: Thierry Neuville inherits lead as...
No description available...
11h ago from Motorsport.com
Popular On GunnersToday.com
Neville: Arsenal VAR call was 'biggest in Premier...
Gary Neville reacts to the dramatic VAR decision that denied West Ham a...
2h ago from SkySports.com
'It's an obvious error': Arteta praises referee for...
enal manager Mikel Arteta praised the referee and VAR after disallowing...
2h ago from TheGuardian.com
Neville: Arteta made a 'really poor decision' with...
Gary Neville analyses Mikel Arteta's tactical reshuffle against West Ham...
2h ago from SkySports.com
VAR offers up Arsenal’s title-deciding moment for...
tibillion stage of title-relegation stagger boils down to a referee in...
2h ago from TheGuardian.com
Comments
Hottest News
F1 insider - Max Verstappen to Mercedes deal could fall...
According to F1 insider Peter Windsor, it's... Read More »
2h ago from GPFans.com
F1 Drive to Survive star opens up on stroke battle: 'I had...
Broadcast journalist and F1 Drive to Survive star... Read More »
2h ago from GPFans.com
Max Verstappen lacks Nurburgring advantage as F1 drivers...
Check out the biggest stories from Sunday, May... Read More »
2h ago from RacingNews365.com
