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Lotus F1 endeavour not a failure, says Gerard Lopez
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Luxembourg entrepreneur and former Lotus F1 co-owner Gerard Lopez believes that in hindsight, his involvement in F1 was 'not a failure'. Lopez and partner Eric Lux, through their Genii Capital entity, sold Lotus F1 to Renault at the end of 2015, apparently for a symbolic single Euro. But Lopez, who is now investing in the LOSC Lille football club, disagrees with those who say the investment was a flop. "My foray with Lotus was not a failure," Lopez told French agency AFP. "We took over the team by investing EUR 40 million in debt repurchasing and saved 450 jobs. The team had no sponsors but we attracted many of them. "But when we reached an...
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