News Details
Lotus avoids administration after Renault LOI
The Lotus Formula 1 team has avoided going into administration once more after a court adjourned its hearing following news that Renault would buy a majority stake in the squad. London's High Court had given Lotus until today to conclude a deal with Britain's tax authority, HMRC, over unpaid taxes. A judge on Monday adjourned the case once again, until December 7. The Reuters news agency reported that HMRC would be paid imminently and that did it not oppose the adjournment. Renault said in a statement on Monday that it had signed a letter of intent to purchase the Formula 1 team. "The signature of this Letter of Intent marks Renault's first step towards the project of a Renault Formula...
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Renault signs agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the...
10y ago from SpeedCafe.com
Renault F1 signs letter of intent before Lotus court...
Renault F1 signs letter of intent before Lotus court date Posted On 28...
10y ago from ThisIsF1.com
Renault issues 'letter of intent' ahead of Lotus...
Renault has announced it has signed a letter of intent to buy a...
10y ago from Crash.net
Renault signs letter of intent with Lotus
– Renault has confirmed that it has signed a letter of intent with...
10y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
14h ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
17h ago from Motorsport.com
Pedro Acosta rates Sepang MotoGP test “six out of...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
2d ago from MotorsportWeek.c...
Arrow McLaren officially opens doors to new home in...
No description available...
1d ago from Motorsport.com
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
13h ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
3d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plot summer coup for 'incredible' talent who...
Arsenal are interested in signing the Bournemouth attacker Eli Junior...
9h ago from CaughtOffside.com
Arsenal & Real Madrid queue for 90m star as agent...
Newcastle United midfielder Sandro Tonali has been linked with a move away...
9h ago from CaughtOffside.com
Arsenal latest: Merson - Gunners players don't trust...
No description available...
10h ago from SkySports.com
Has the Premier League's TV Deal Made Mid-Table Clubs...
The Premier League’s 2025-29 deal was worth £6.7 billion. Have the vast...
12h ago from CaughtOffside.com
Comments
Hottest News
F1: Engine row reaching crisis point?
Before a wheel has turned in anger, the start of... Read More »
13h ago from Pitpass.com
Christian Horner reveals why Daniel Ricciardo was never an...
Former Red Bull F1 boss Christian Horner has... Read More »
8h ago from GPFans.com
Lando Norris reveals 'problem' of his mum's rising fame
F1 champion Lando Norris has spoken out about the... Read More »
7h ago from GPFans.com
