News Details
Lopez admits to £114m Lotus debt
Lotus chairman Gerard Lopez has revealed that his team is £114m in debt, whilst admitting that talks with Quantum Motorsport are dead and buried.At a time when many are concerned over the team's future, a situation not helped by the news that it will not attend the opening pre-season test, Lopez has opened up in an interview with Germany's Auto Motor und Sport.'We have about £114 million pounds of debt, of which more than £80 million is with ourselves,' he said, referring to Genii Capital. 'But what are we (Genii) going to do, demand repayment of the debt? That makes no sense. 'We are doing this because it is fiscally interesting. We can put the money down to marketing...
Full Story »
Full Story »
12y ago from Pitpass.com
0
You May Also Be Interested In...
Lopez: Quantum money 'never arrived' at Lotus
Lotus F1 Team owner Gerard Lopez has spoken out about the team's...
12y ago from RichlandF1.com
Lotus owner insists all is well despite concerns
Lotus team owner Gerard Lopez has moved to allay fears that the team is...
12y ago from TheF1Times.com
Lopez plays down Lotus collapse speculation
January 15th, 2014 (F1plus/GMM).- Lotus owner Gerard Lopez has moved to...
12y ago from F1Plus.com
Lopez plays down Lotus collapse fears
Lotus owner Gerard Lopez has moved to allay fears the Enstone based team...
12y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia signals factory-team priority as...
No description available...
16h ago from Motorsport.com
MotoGP Sepang test: Alex Marquez fastest on final day...
No description available...
20h ago from Motorsport.com
Alex Marquez edges Francesco Bagnaia and Marc Marquez...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren officially opens doors to new home in...
No description available...
8h ago from Motorsport.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
14h ago from Motorsport.com
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
14h ago from MotorsportWeek.c...
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
12h ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
2d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg continues domination...
No description available...
1w ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal eye shock move for £26m wide man & it...
Arsenal are interested in signing the Borussia Dortmund left-back, Daniel...
9h ago from CaughtOffside.com
Arsenal prepared to break the bank for transfer of...
Arsenal are reportedly ready to break the bank to sign Barcelona target...
12h ago from SportsKeeda.com
Arsenal & Man United hold talks with reps of...
Leon Goretzka has been linked with a move away from Bayern Munich, and he...
15h ago from CaughtOffside.com
'Arsenal are interested…': Romano transfer...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
15h ago from CaughtOffside.com
Comments
Hottest News
Ferrari starts work on Merc-like engine for '27
Feb.5 Rival Formula 1 teams are believed to be... Read More »
3h ago from OneStopStrategy.com
F1 News Today: Christian Horner makes return decision as...
Christian Horner has revealed that he has spoken... Read More »
20m ago from GPFans.com
Daniel Ricciardo 'world champion' claim made by former boss...
Daniel Ricciardo was once a consistent... Read More »
50m ago from RacingNews365.com
