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 »
Full Story »
12y ago from PlanetF1.com
0
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
MotoGP working on rescheduling Qatar GP amid Iran war
No description available...
4h ago from Motorsport.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
2d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Scott McLaughlin: Arlington “instantly my most...
No description available...
16h ago from Motorsport.com
McLaughlin sets the early pace in IndyCar’s first...
The NTT IndyCar Series took to the track on a brand new street course...
17h ago from MotorsportWeek.c...
IndyCar drivers praise Fast Six qualifying format...
No description available...
17h ago from Motorsport.com
Pato O'Ward on the 'red flag' that has prevented an...
No description available...
21h ago from Motorsport.com
Popular On TotalWRC.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
5h ago from Motorsport.com
Why Evans suffered his first WRC retirement since 2024
No description available...
6m ago from Motorsport.com
Breaking: Takamoto Katsuta leads Safari Rally
News just in is that both Sebastien Ogier and Oliver Solberg have stopped...
4h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Oliver Solberg and Sebastien...
No description available...
4h ago from Motorsport.com
Popular On GunnersToday.com
Merse: If Arsenal beat Everton and City drop points...
Paul Merson looks ahead to a potentially influential day in the race for...
46m ago from SkySports.com
Barcelona and Arsenal dealt blow as European rivals...
Barcelona and Arsenal are allegedly expected to be opposed by Ligue 1 side...
7h ago from SportsKeeda.com
Euro giants ready to move for in-form Arsenal star...
Arsenal defender Jakub Kiwior is reportedly attracting transfer interest...
7h ago from CaughtOffside.com
Rotation can make Arsenal less predictable for Everton...
Morning all. It's a big one today, they're all big ones at this stage to...
7h ago from Arseblog.com
Comments
Hottest News
Lewis Hamilton spills major Mercedes F1 secret at Chinese GP
Seven-time F1 champion Lewis Hamilton has been... Read More »
6h ago from GPFans.com
F1 2026 Chinese Grand Prix starting grid with penalties...
The F1 starting grid for the 2026 Chinese Grand... Read More »
2h ago from GPFans.com
Lewis Hamilton Chinese GP disqualification a watershed...
Lewis Hamilton's blockbuster move to Ferrari... Read More »
4h ago from GPFans.com
