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
How Raul Fernandez is chasing his next MotoGP contract
No description available...
4h ago from Motorsport.com
No new Yamaha MotoGP engine until after French GP,...
No description available...
1d ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
2d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou braces for 100th career IndyCar start in...
No description available...
3h ago from Motorsport.com
David Malukas earns Phoenix IndyCar pole as Will Power...
No description available...
22h ago from Motorsport.com
IndyCar veterans praise Mick Schumacher for...
No description available...
20h ago from Motorsport.com
IndyCar's David Malukas eager to convert Phoenix pole...
No description available...
19h ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
2d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
4d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Ashley Cole makes honest admission when asked if...
Chelsea legend Ashley Cole believes Arsenal can win the quadruple this...
2h ago from SportsKeeda.com
Supercomputer predicts unthinkable Tottenham...
The Premier League table has been given a radical shake-up as a...
3h ago from CaughtOffside.com
'Exceptional' Dowman runs the show for Arsenal
Arsenal did not play well at Mansfield. They were dominated at the start...
3h ago from SkySports.com
Arsenal looking to reinforce squad with 100m...
Arsenal have stepped up their pursuit of Newcastle United midfielder...
4h ago from SportsKeeda.com
Comments
Hottest News
FIA announce late Mercedes penalty verdict after front row...
The FIA have confirmed a late penalty verdict for... Read More »
9h ago from GPFans.com
'Ferrari will take the lead!?' - new-look F1 starts add to...
Formula 1's new-look cars make their racing debut... Read More »
58m ago from SkySports.com
Fernando Alonso confirms when Aston Martin will retire from...
Fernando Alonso has revealed details of when... Read More »
3h ago from MotorsportWeek.com
