News Details
Lopez denies Lotus in financial strife
Team owner Gerard Lopez on Saturday played down reports of financial strife at Lotus.
Reportedly in debt to the tune of EUR 120 million, behind in payments to lead driver Kimi Raikkonen and with the new Infinity Racing investment in doubt, Lopez insisted at Spa-Francorchamps that Lotus is in fact in good health.
Indeed, some believe the team's debt is actually just 28 million.
"It is 120 million," Lopez confirmed to Auto Motor und Sport, "but four-fifths of it we owe to ourselves, to Genii, because we do not sponsor the team but finance it through loans."
He said, therefore, that Genii is not going to urgently demand Lotus pay it back.
"First of all I want to ensure...
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12y ago from GrandPrix.com
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