News Details
Lotus F1 endeavour not a failure, says Gerard Lopez
XPB Images
Luxembourg entrepreneur and former Lotus F1 co-owner Gerard Lopez believes that in hindsight, his involvement in F1 was 'not a failure'. Lopez and partner Eric Lux, through their Genii Capital entity, sold Lotus F1 to Renault at the end of 2015, apparently for a symbolic single Euro. But Lopez, who is now investing in the LOSC Lille football club, disagrees with those who say the investment was a flop. "My foray with Lotus was not a failure," Lopez told French agency AFP. "We took over the team by investing EUR 40 million in debt repurchasing and saved 450 jobs. The team had no sponsors but we attracted many of them. "But when we reached an...
Full Story »
Full Story »
You May Also Be Interested In...
Giovinazzi deserves F1 seat - Minardi
©Wri2
Former Formula 1 team owner Giancarlo Minardi believes new Ferrari...
8y ago from F1i.com
McLaren still interested in Formula 1 stake – Brown
McLaren still interested in Formula 1 stake – Brown Zak Brown has...
8y ago from ThisIsF1.com
Manor Racing admits survival in doubt
Manor F1 Racing admits survival in doubt Manor and its administrators...
8y ago from ThisIsF1.com
Haas aiming for 'quality over quantity' in 2017
XPB Images
Formula One team owner Gene Haas has said that he's...
8y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Honda test rider Takaaki Nakagami to replace Luca...
Honda test rider Takaaki Nakagami has been announced as a replacement for...
5h ago from MotorsportWeek.c...
Pirelli to hold first MotoGP test in Misano with test...
No description available...
1d ago from Motorsport.com
Watch: Motorsport takes a ride in the MotoGP safety car
No description available...
1d ago from Motorsport.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
Christian Rasmussen "not surprised" to earn...
No description available...
49m ago from Motorsport.com
Video: Harrowing crash takes out Josef Newgarden,...
No description available...
1d ago from Motorsport.com
Kirkwood relieved to be rid of ‘street course...
Until this weekend at World Wide Technology Raceway, all of Kyle...
1d ago from MotorsportWeek.c...
Rasmussen passes most cars in Sunday night’s IndyCar...
Christian Rasmussen put on a show for fans Sunday night, passing more...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
4d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sources: Arsenal contract talks on the verge of...
Arsenal want to build a squad capable of winning the Premier League and...
1h ago from CaughtOffside.com
West Ham hoping to sign Arsenal player this month
West Ham are in the market for a new left-back following the departure of...
1h ago from CaughtOffside.com
'He’s not even been linked' - Pundit urges Arsenal...
Former Premier League striker Troy Deeney has urged Arsenal to consider a...
2h ago from SportsKeeda.com
Exclusive: Arsenal to compete with Chelsea for 60m...
Arsenal want to sign a new winger this summer, and with deals for current...
3h ago from CaughtOffside.com
Comments
Hottest News
Red Bull chief Christian Horner tipped for seismic F1 team...
Red Bull’s team principal Christian Horner has... Read More »
2h ago from GPFans.com
F1: F1 continues in Montreal until 2035
F1 has announced another mega contract extension,... Read More »
59m ago from Pitpass.com
F1 Movie reviews: Drivers CRINGE, Critics BINGE
First thoughts on the new F1 movie have been... Read More »
3h ago from GPFans.com
