News Details
Renault completes takeover of Lotus F1 team
Renault has officially completed its takeover of the Lotus F1 team. At a hearing in the High Court in London today, a lawyer for the French manufacturer confirmed that the takeover had been completed, that all debts had been paid including that to the British tax authorities. 'We have a completion of the share purchase,' the lawyer told the Mr Justice Birss at the hearing which formally dismissed the insolvency petition that would have put the team into administration. 'We have the keys, so to speak,' he added, according to Reuters. 'The insolvency procedure has worked in the way intended,' said Birss in summing up, the Lotus F1 team is saved and its debts paid in full. Meanwhile, Alain...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Renault officially completes Lotus F1 takeover
Renault has formally completed its takeover of the Lotus F1 team, paving...
9y ago from Crash.net
Renault officially completes Lotus buyout for 2016 F1
The French car giant Renault has officially completed its takeover of the...
9y ago from ThisIsF1.com
Renault formally completes Lotus takeover
XPB Images
Renault has formally completed its takeover of the...
9y ago from F1i.com
Renault completes purchase of Lotus
– Renault has formally completed its takeover of Lotus, after...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: ‘My exceptional 2025 MotoGP season...
No description available...
2h ago from Motorsport.com
Why Yamaha was disappointing on 2026 MotoGP rider...
No description available...
20h ago from Motorsport.com
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
2d ago from Motorsport.com
Maverick Vinales and Somkiat Chantra back on MotoGP...
No description available...
22h ago from Motorsport.com
Popular On IndyCarToday.com
Chip Ganassi shuts down Alex Palou and Red Bull F1...
No description available...
1d ago from Motorsport.com
IndyCar partners with iRacing for standalone video...
The NTT IndyCar Series will feature in a new branded video game title,...
1d ago from MotorsportWeek.c...
Winners and losers of IndyCar Snap-On Milwaukee Mile...
No description available...
3d ago from Motorsport.com
Mother Nature helped, but Christian Rasmussen was the...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
FIA launches tender process for new WRC promoter
No description available...
6d ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Expert confirms Arsenal are working on 'complicated'...
Arsenal are working on a complicated deal for Bayer Leverkusen's versatile...
1h ago from CaughtOffside.com
'From a conversation I've had…' – Arsenal...
Arsenal FC expert Charles Watts has provided some reassuring insight into...
1h ago from CaughtOffside.com
Jamie Carragher trolls Gary Neville after embarrassing...
Liverpool legend Jamie Carragher has made fun of Gary Neville following...
3h ago from SportsKeeda.com
Exclusive Arsenal column: Why Hincapie transfer looks...
Piero Hincapie and Jakub Kiwior transfers are directly linked Arsenal’s...
4h ago from CaughtOffside.com
Comments
Hottest News
Toto Wolff shares reaction to Valtteri Bottas signing with...
Valtteri Bottas will leave Mercedes again at the... Read More »
1h ago from RacingNews365.com
'Twenty years older and $1billion poorer': F1 fans...
Fans have been left astonished by a photo of a... Read More »
5h ago from GPFans.com
F1 dealt big miss after Red Bull star cashes in on rival...
Formula 1 doesn't usually get it wrong, but it... Read More »
2h ago from GPFans.com
