News Details
Renault formally completes Lotus takeover
XPB Images
Renault has formally completed its takeover of the Lotus F1 Team, leading to an insolvency petition being dismissed. Lotus has been in court due to a case brought against it by HM Revenue and Customs over unpaid tax, with a hearing in early December being adjourned after Renault confirmed it would take control of the team and pay creditors by the end of the year. With the court reconvening on Monday, Renault's lawyers confirmed the takeover had been completed, telling a judge: "We have the keys, so to speak." HMRC has now withdrawn its application to put the team in to administration with Renault having completed a share purchase agreement ahead of a...
Full Story »
Full Story »
You May Also Be Interested In...
Renault complete purchase of Lotus
Renault have completed their takeover of the Lotus Formula One team and...
10y ago from SuperSport.com
Renault takeover of Lotus finally completed
Renault's return to Formula 1 with its own team has been formally...
10y ago from Motorsport.com
Renault was 'very close' to F1 pull-out - Prost
Alain Prost has revealed that Renault was 'very, very close' to a Formula...
10y ago from Motorsport.com
Renault was 'very close' to F1 pull out - Prost
Alain Prost has revealed that Renault was 'very, very close' to a Formula...
10y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Fermin Aldeguer to miss MotoGP season opener in...
Gresini Ducati has confirmed Fermin Aldeguer will miss the opening round...
18h ago from MotorsportWeek.c...
Marco Bezzecchi satisfied with ‘smaller’...
Marco Bezzecchi admits the Aprilia bike has slightly improved “in all...
20h ago from MotorsportWeek.c...
Fermin Aldeguer to miss Thai GP, Gresini names...
No description available...
18h ago from Motorsport.com
Jorge Martin sought Marc Marquez’s advice before...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
11h ago from MotorsportWeek.c...
IndyCar announces historic multi-year deal with...
No description available...
16h ago from Motorsport.com
IndyCar announces multi-year extension with engine...
The NTT IndyCar Series has announced a long-term continuation with both...
15h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dacia announces exit from Rally-Raid, rules out 2027...
No description available...
17h ago from Motorsport.com
WRC Sweden: Oliver Solberg sets the pace to grab early...
No description available...
11h ago from Motorsport.com
Martins Sesks sets out target ahead of WRC return
No description available...
14h ago from Motorsport.com
Low snowfall throws up extra curveball for WRC crews...
No description available...
13h ago from Motorsport.com
Popular On GunnersToday.com
“They just keep throwing City a bone, don’t...
Former Chelsea midfielder Craig Burley believes Arsenal are dropping too...
36m ago from SportsKeeda.com
Brentford 1-1 Arsenal: Glad of a point, frustrated by...
Match report – Player ratings – Arteta reaction – Quotes...
36m ago from Arseblog.com
Talks held: Tottenham lead race to sign 12 G/A...
Tottenham are reportedly showing the strongest interest in Christian...
36m ago from CaughtOffside.com
“It’s always like this” - Arsenal boss Mikel...
Arsenal manager Mikel Arteta has shared his thoughts on struggling star...
2h ago from SportsKeeda.com
Comments
Hottest News
Alonso and Aston facing ‘another year in hell'
Feb.13 Fernando Alonso's body language in... Read More »
26m ago from OneStopStrategy.com
LIVE: 2026 F1 Bahrain Pre-Season Test 1 - Day 3
Follow along with the third and final day of the... Read More »
1h ago from RacingNews365.com
Lando Norris admits Red Bull ‘a good step ahead of us'
Reigning world champion Lando Norris has... Read More »
36m ago from MotorsportWeek.com
