News Details
Lotus sells 35 percent stake to investor
The Lotus F1 Team has sold a 35 percent stake to Infinity Racing Partners Limited (Infinity Racing), a consortium made up of various private investors. The group includes an American hedge fund manager, a multinational business group based in Abu Dhabi and royal family interests of a major oil producing nation. Genii Capital, who had owned 100 percent of the team, retain a controlling stake of 65 percent, with Gerard Lopez continuing as the Enstone-based outfit's Chairman, while Eric Lux, CEO of Genii Capital, will keep his role on the Board of Directors. "Infinity Racing’s principals have exceptional expertise and a proven strong track record in developing and delivering high...
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12y ago from GPUpdate.net
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