News Details
Lopez denies Genii financial troubles
Gerard Lopez
Lotus owner Gerard Lopez has lashed back at reports suggesting that the team's holding company Genii is in dire financial health.
Tageblatt reported recently that Genii, headed by Lopez and his business partner Eric Lux, is recording ever-growing losses and debts.
Britain's Independent newspaper said Lopez, although based in Luxembourg, flew in his private jet to Genii's London headquarters to 'put the record straight'.
'It's absurd to say that Genii has financial problems,' he insisted. 'Yes, Lotus has lost money, like every other Formula 1 team in the world.'
Lopez said the Enstone based team cost Genii 'about 50 million' last year and debt is currently about 100 million,...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Verstappen plays down 2015 Toro Rosso race seat reports
Jos and Max Verstappen
Max Verstappen's father has played down reports...
11y ago from GrandPrix247.com
Schumacher medical records suspect was German
The suspect accused of stealing and attempting to sell Michael...
11y ago from GrandPrix247.com
Montezemolo says he will not quit Ferrari
Luca di Montezemolo
Luca di Montezemolo has denied claims that he could...
11y ago from GrandPrix247.com
John Player Special deny return to F1 with Lotus
1986 was the last year of JPS involvement in F1 – here Ayrton Senna...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Jorge Martin burst into tears at MotoGP Hungarian...
No description available...
8h ago from Motorsport.com
Marc Marquez: ‘My exceptional 2025 MotoGP season...
No description available...
12h ago from Motorsport.com
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
3d ago from Motorsport.com
Why Yamaha was disappointing on 2026 MotoGP rider...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar's Alex Palou is not on Red Bull's F1...
No description available...
1h ago from Motorsport.com
Chip Ganassi shuts down Alex Palou and Red Bull F1...
No description available...
2d ago from Motorsport.com
IndyCar partners with iRacing for standalone video...
The NTT IndyCar Series will feature in a new branded video game title,...
2d ago from MotorsportWeek.c...
Winners and losers of IndyCar Snap-On Milwaukee Mile...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Fast WRC Paraguay stages promise “plenty of...
No description available...
3h ago from Motorsport.com
FIA launches tender process for new WRC promoter
No description available...
1w ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Blockbuster Champions League draw is intriguing but...
s will continue to lap up massive games but perhaps the teams involved...
3h ago from TheGuardian.com
Havertz undergoes knee surgery - but Arsenal hopeful...
Arsenal forward Kai Havertz has undergone surgery for his knee injury.
2h ago from SkySports.com
Champions League draw: Alexander-Arnold primed for...
t;li>Draw also pits De Bruyne against Manchester CityArsenal set for...
4h ago from TheGuardian.com
Arsenal latest: Inter, Atletico Madrid among CL...
No description available...
4h ago from SkySports.com
Comments
Hottest News
F1 fans up in arms over ‘terrible’ FIA decision ahead...
F1 fans have pounced on a mistake involving the... Read More »
2h ago from GPFans.com
F1 star Oscar Piastri crowned champion - but there's a twist
McLaren star Oscar Piastri has been crowned F1... Read More »
1h ago from GPFans.com
Sergio Perez 'surprised' by Max Verstappen gesture after...
Sergio Perez has revealed how Max Verstappen... Read More »
1h ago from GPFans.com
