News Details
Lotus reveals £64m loss
Days after team owner Gerard Lopez dismissed talk of financial problems at Lotus, 2013 accounts reveal a £64m loss for Enstone outfit.According to a report in Forbes, the loss is the result of inter-company loans and the interest accrued. End of year accounts for 2013 reveal that though revenue remained stable at £92.6m ($154.1m), net losses increased by £9.6m ($16m) as interest payments on the inter-company loans increased to £13.5m ($22.6m).Talking to the Independent at the weekend, Lopez, whose private equity firm Genii Capital controls Lotus, said: 'We support Lotus with debt, not sponsorship like the other big teams”. This is confirmed by the fact that...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Lopez dismisses talk of Lotus financial problems
Whilst admitting that his team has lost money, Lotus owner Gerard Lopez...
11y ago from Pitpass.com
Lopez hits back at Genii financial reports
Lopez hits back at Genii financial reportsPosted On 19 Aug 2014By :...
11y ago from ThisIsF1.com
Lopez hits back at Genii financial reports
Gerard Lopez has lashed back at reports suggesting Lotus team owner Genii...
11y ago from GrandPrix.com
Lopez denies Genii financial troubles
Gerard Lopez
Lotus owner Gerard Lopez has lashed back at reports...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
5h ago from Motorsport.com
Should there be a tear-off rule following Marco...
No description available...
2d ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
2d ago from MotorsportWeek.c...
MotoGP eliminates wildcard riders from 2027 season
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
1d ago from MotorsportWeek.c...
Zanardi: The man whose name is a synonym for “hero”
No description available...
21h ago from Motorsport.com
Mick Schumacher shares injury update after breaking...
No description available...
3d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport weighs up WRC new car build as all options...
No description available...
4d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
3d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
4d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Fit and firing Bukayo Saka injects fresh belief into...
astating cameo highlighted the crucial role the winger has to play if...
12m ago from TheGuardian.com
‘Might leave..' – Ex-player names Arsenal...
As the season approaches its dramatic conclusion this May, the tension...
4h ago from CaughtOffside.com
Arsenal vs Atletico Madrid Prediction and Betting Tips...
The UEFA Champions League features another set of knockout matches this...
4h ago from SportsKeeda.com
English defender is convinced he is joining Arsenal in...
Several players are being linked with a move to Arsenal with Mikel Arteta...
5h ago from CaughtOffside.com
Comments
Hottest News
F1 Miami Grand Prix: Fans told to evacuate stands as...
F1 fans and personnel have been told to evacuate... Read More »
3h ago from GPFans.com
When angry Mansell advised journo 'to see a psychiatrist'
On this day in 1992, Nigel Mansell conquered his... Read More »
52m ago from F1i.com
FIA confirms timeline for F1 return to V8 power
FIA President Mohammed Ben Sulayem has confirmed... Read More »
5h ago from MotorsportWeek.com
