News Details

Lotus deal will happen, insists Quantum

Mansoor Ijaz, head of the Quantum Motorsports firm purchasing a 35 percent stake in the Lotus F1 team, says there is "zero chance" of its proposed deal falling through. In recent days, Lotus chiefs have expressed concerns over ongoing delays in the transfer of agreed finances, but Ijaz acted to reassure the Enstone-based outfit at this weekend's United States Grand Prix that the situation is completely under control. "There is no question that the deal will take place and there is no question that the monies have been debited from our side," explained Ijaz. "There is zero chance that this deal will not happen. In the international banking system, when monies come...
Full Story »
11y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Quantum boss adamant Lotus deal is on but Lopez warns...

Quantum boss adamant Lotus deal is on but Lopez warns time is running out...
11y ago from GrandPrix247.com

F1 2013 – Hulkenberg turns down chance to replace...

Nico Hulkenberg has reportedly turned down the chance to replace surgery...
11y ago from F1.co.uk

FIA guaranteed income from F1 stake deal?

Yesterday Pitpass' business editor Christian Sylt revealed that if...
11y ago from Pitpass.com

Kovalainen closes on Caterham deal

Lotus F1 Team Enlarge Heikki Kovalainen doesn't see his opportunity at...
11y ago from espnF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

PREMA adapting European approach to better suit IndyCar

PREMA has nearly completed its first season fielding a pair of entries in...
17h ago from MotorsportWeek.c...

NASCAR Trucks to join IndyCar for St. Petersburg race...

The 2026 schedule for the NASCAR Craftsman Truck Series (NCTS) was...

Popular On TotalWRC.com

Popular On GunnersToday.com

No final Palace appearance for Eze

Morning, a quick Friday blog for you. So Eberechi Eze didn't play for...
1h ago from Arseblog.com

£45m bid prepared: Crystal Palace to attempt hijack...

Crystal Palace are reportedly preparing to launch a transfer bid worth a...
1h ago from CaughtOffside.com

Premier League: 10 things to look out for this weekend

rs must forget Eze humiliation, Isak will be all the talk on Tyneside and...
8h ago from TheGuardian.com

It’s taken 14 years and £67.5m, but Eberechi Eze is...

stal Palace forward was released by club aged 13 and rejected by others...
10h ago from TheGuardian.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.