News Details

Lotus brushes aside late payment rumours

Lotus has responded to downcast rumours over its current financial state, the team informing GPUpdate.net on Tuesday afternoon that all salaries have been paid. According to Germany's Motorsport-Total, the Enstone-based outfit is now more than 100 million pounds in debt, while it has also reported that staff members have been paid late throughout the 2013 campaign, even threatening to strike in late July. However, when questioned by GPUpdate.net, a spokesperson for the team brushed aside "any supposed strike threat" and confirmed that "all salaries are up to date." Kimi Räikkönen revealed in Hungary that the financial issues between himself and the team are ongoing,...
Full Story »
12y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

F1 2013 – Webber: a sad state for F1

Mark Webber has opened up about the current state of F1 and feels it is a...
12y ago from F1.co.uk

Lotus struggling with finances?

Troubling signs of financial weakness are emerging from Lotus. The...
12y ago from GrandPrix.com

Lotus struggling with ‘money problems'

By Editor on Tuesday, August 6, 2013 Troubling signs of financial...
12y ago from F1Zone.net

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

Elsewhere On The Network

Popular On MGPToday.com

Marc Marquez recalls the ‘super difficult...

Marc Marquez discusses his previous MotoGP career decision to depart...
18h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

JHR retains Sting Ray Robb for second season

Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...

Aggressive testing schedule planned ahead of Mick...

Following confirmation Mick Schumacher will make a switch to IndyCar next...

Mick Schumacher joins RLL in IndyCar switch

Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...

Popular On TotalWRC.com

Popular On GunnersToday.com

Official: Arsenal confirm double signing of twin...

Premier League leaders Arsenal have confirmed a landmark agreement to sign...
1h ago from CaughtOffside.com

Declan Rice provides injury update after substitution...

Declan Rice provided an injury update after Arsenal's 2-0 win over...
14h ago from SportsKeeda.com

Aston Villa vs Arsenal Prediction and Betting Tips |...

Aston Villa take on Arsenal in a blockbuster Premier League clash on...
16h ago from SportsKeeda.com

Double deal! Arsenal agree to sign Quintero twins from...

Arsenal have agreed a deal to sign...
15h ago from SkySports.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.