News Details
Lotus records £64 million loss during 2013
The Lotus F1 Team has recorded losses of £64 million during the financial year of 2013 according to its latest accounts. The losses come just days after team co-owner Gerard Lopez dismissed talk of financial problems at the Enstone outfit. A report in Forbes states the loss is a result of inter-company loans between the team's owner, Genii Capital, and the interest accrued on those loans. The 2013 accounts show that revenue was stable at £92.6m ($154m), but net losses rose by almost £10m ($16m) as interest payments increased to £13.5m ($22.5m). The increase in interest payments is down to the fact loans to the company have almost doubled to £125m ($208m),...
Full Story »
Full Story »
10y ago from TheF1Times.com
0
You May Also Be Interested In...
Lotus reveals £64m loss
Days after team owner Gerard Lopez dismissed talk of financial problems...
10y ago from Pitpass.com
Lopez hits back at Genii financial reports
Lopez hits back at Genii financial reportsPosted On 19 Aug 2014By :...
10y ago from ThisIsF1.com
Lopez dismisses talk of Lotus financial problems
Whilst admitting that his team has lost money, Lotus owner Gerard Lopez...
10y ago from Pitpass.com
Tobacco company plays down Lotus rumours
Imperial Tobacco has played down reports it is looking to return to...
10y ago from GrandPrix.com
Elsewhere On The Network
Popular On MGPToday.com
Johann Zarco spends MotoGP summer break winning Suzuka...
No description available...
1h ago from Motorsport.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
2d ago from Motorsport.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
1d ago from MotorsportWeek.c...
Why Alex Marquez isn't worried he’s tumbling out of...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
3d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
3d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
4d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
2h ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
21h ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
17h ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
21h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Football kits 2025/26: Arsenal unveil new third kit
No description available...
1h ago from SkySports.com
Mikel Arteta targets Frenchman as defensive shake-up...
Arsenal have made an early move in the race to sign highly-rated French...
2h ago from CaughtOffside.com
Arsenal interested in signing 20-year-old French...
Arsenal are reportedly interested in signing Jérémy Jacquet from Rennes....
2h ago from SportsKeeda.com
“He beats people effortlessly” - Gary Lineker...
England legend Gary Lineker has heaped praise on Arsenal star Max Dowman...
1h ago from SportsKeeda.com
Comments
Hottest News
Oscar Piastri raises major Lando Norris question: 'I don't...
Oscar Piastri has one major question after the... Read More »
5h ago from RacingNews365.com
Max Verstappen's Red Bull contract comments are a load of...
Max Verstappen is not happy about those Mercedes... Read More »
54m ago from GPFans.com
Hungarian Grand Prix - Race results
Full race results from the Hungarian Grand Prix... Read More »
18h ago from F1i.com
