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Lopez denies Lotus in financial strife
By Editor on Saturday, August 24, 2013 Team owner Gerard Lopez on Saturday played down reports of financial strife at Lotus.
Reportedly in debt to the tune of EUR 120 million, behind in payments to lead driver Kimi Raikkonen and with the new Infinity Racing investment in doubt, Lopez insisted at Spa-Francorchamps that Lotus is in fact in good health.
Indeed, some believe the team's debt is actually just 28 million.
'It is 120 million,' Lopez confirmed, 'but four-fifths of it we owe to ourselves, to Genii, because we do not sponsor the team but finance it through loans.'
He said, therefore, that Genii is not going to urgently demand Lotus pay it back.
'First of all I want to ensure that the...
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12y ago from F1Zone.net
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