News Details
Lotus sells share in team to UK property tycoon
13 May, 2013 Formula 1 team Lotus has reportedly sold a $1.5 million stake to a British property investor.
Writing in the Telegraph, Formula 1 business journalist Christian Sylt said the buyer is Andrew Ruhan, who bought a 2 per cent stake from team owner Genii Capital.
Genii's Gerard Lopez confirmed that Ruhan is 'a friend and a business partner in some substantial real estate developments, loves cars, racing and has purchased, if I am not mistaken, 2pc of the equity to be on the board and feel involved -– for sure, not a substantial deal for either party.'
Sylt also revealed in the Telegraph that, having initially refused to let Mercedes onto Formula 1′s board as per other top...
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12y ago from YallaF1.com
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