News Details
Lopez denies Genii financial troubles
Gerard Lopez
Lotus owner Gerard Lopez has lashed back at reports suggesting that the team's holding company Genii is in dire financial health.
Tageblatt reported recently that Genii, headed by Lopez and his business partner Eric Lux, is recording ever-growing losses and debts.
Britain's Independent newspaper said Lopez, although based in Luxembourg, flew in his private jet to Genii's London headquarters to 'put the record straight'.
'It's absurd to say that Genii has financial problems,' he insisted. 'Yes, Lotus has lost money, like every other Formula 1 team in the world.'
Lopez said the Enstone based team cost Genii 'about 50 million' last year and debt is currently about 100 million,...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Verstappen plays down 2015 Toro Rosso race seat reports
Jos and Max Verstappen
Max Verstappen's father has played down reports...
11y ago from GrandPrix247.com
Schumacher medical records suspect was German
The suspect accused of stealing and attempting to sell Michael...
11y ago from GrandPrix247.com
Montezemolo says he will not quit Ferrari
Luca di Montezemolo
Luca di Montezemolo has denied claims that he could...
11y ago from GrandPrix247.com
John Player Special deny return to F1 with Lotus
1986 was the last year of JPS involvement in F1 – here Ayrton Senna...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why KTM would be wise to prepare for a future without...
No description available...
20h ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
4d ago from MotorsportWeek.c...
Miguel Oliveira: I did my best to stay in MotoGP but...
No description available...
3d ago from Motorsport.com
How Aprilia believes it “overreached our target”...
No description available...
4d ago from Motorsport.com
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
6d ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
1w ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
6d ago from Motorsport.com
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Why WRC drivers thought Rally Saudi Arabia was too...
No description available...
17h ago from Motorsport.com
Ott Tanak looking forward to break from full-time...
No description available...
1d ago from Motorsport.com
Sebastien Ogier on matching Sebastien Loeb’s record...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal agree double deal in principle by beating top...
Edwin Quintero and his twin brother Holger Quintero, two of South...
1h ago from CaughtOffside.com
Watch: Chelsea fans will love what Cole Palmer was...
Chelsea delivered a resilient defensive performance at Stamford Bridge on...
10h ago from CaughtOffside.com
'It's too nice and slow' - Jens Lehmann explains why...
Former goalkeeper Jens Lehmann has urged teams, especially Arsenal and...
10h ago from SportsKeeda.com
Supercomputer predicts final 2025-26 Premier League...
A supercomputer has predicted how the Premier League table will look at...
11h ago from SportsKeeda.com
Comments
Hottest News
Wolff Meets Verstappen’s Engineer to Clear the Air Over...
Mercedes team principal Toto Wolff held a... Read More »
1h ago from Formula1News.co.uk
Russell reveals why Mercedes 'won’t just be looking to...
On the back of an up-and-down weekend for... Read More »
51m ago from F1Technical.net
Ferrari boss Spotted Speaking With Carlos Sainz’s Manager...
A brief meeting between Ferrari deputy team... Read More »
1h ago from Formula1News.co.uk
