News Details

Infinity Racing takes 35% stake in Lotus F1

An investment consortium, Infinity Racing, has acquired a 35 per cent stake in the Lotus F1 Team for an undisclosed figure. Infinity Racing - not to be confused with Red Bull's title sponsor Infiniti - is comprised of private investors that include an American hedge fund manager, an Abu Dhabi-based multinational business group and royal family interests of a major oil producing nation. Genii Capital will retain a controlling 65 per cent stake in the team and Genii co-founder Gerard Lopez will remain Chairman whilst Eric Lux, CEO of Genii Capital, will continue his role on the team’s Board of Directors. Lopez believes the deal will strengthen the teams ability to compete at the...
Full Story »
12y ago from TheF1Times.com 0
Share

You May Also Be Interested In...

F1 2013 – Lotus strengthen financial position with...

Lotus F1 Team has new part-owners as of today, with Infinity Racing...
12y ago from F1.co.uk

Lotus sells stake to investment group

Lotus owner Genii Capital has sold a 35 per cent stake in the team to new...
12y ago from AutoSport.com

Genii sells 35% of Lotus to Infinity Racing

Genii Capital has sold 35% of its stake in Lotus to Infinity Racing but...
12y ago from espnF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Chip Ganassi Racing lands new sponsor for Kyffin...

Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...

IndyCar announces independent officiating system

The NTT IndyCar Series announced on Thursday that it will implement a new...

Popular On TotalWRC.com

Yohan Rossel and Nikolay Gryazin spearhead Lancia’s...

Team Lancia Corse HF has announced the 2025 WRC2 championship runners-up...
23h ago from MotorsportWeek.c...

Popular On GunnersToday.com

AC Milan plotting January move for Arsenal star who...

AC Milan have reportedly made Gabriel Jesus their top attacking target for...
1h ago from CaughtOffside.com

It's fine to to win and be annoyed

Morning all. It's the start of a new week, and now that the dust has...
2h ago from Arseblog.com

Arsenal dealt blow as Mikel Arteta confirms injury to...

Arsenal manager Mikel Arteta has revealed that Ben White has suffered...
22h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.