News Details
Renault only paid one pound to Lotus
It has emerged that Renault, in its return as a Formula One works team in 2016, has completed the takeover of Lotus F1 Team for a single pound. Renault takes 90% of the shares, while previous team owner, Genii Capitals retains a 10% stake. British paper Telegraph reported that French car manufacturer Renault paid only an emblematic amount to Belgian investment company Genii Capitals for taking back the Enstone-based F1 squad. However, Renault has to settle all the unpaid bills and debts Genii Capitals piled up over the years. Renault retired from Formula 1 as works team in 2010. The team which was renamed to Lotus has been in financial troubles since then. The squad has made a loss of EUR...
Full Story »
Full Story »
9y ago from F1Technical.net
0
You May Also Be Interested In...
Renault F1 eyes leap into Q3 with upgraded engine
Renault F1 eyes leap into Q3 with upgraded engine Renault factory F1 team...
9y ago from ThisIsF1.com
Toro Rosso return to Renault, RBR extend
As speculated on JWGP yesterday ,Renault have this morning announced that...
9y ago from JWGrandPrix.com
Maldonado talking to F1 teams over return
– Pastor Maldonado says he is speaking to multiple Formula 1 teams...
9y ago from GPUpdate.net
Red Bull and Renault have Canada-spec engine in Monaco
Renault's works team is eyeing a sudden leap into Q3 for this weekend's...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia’s MotoGP advantage not due to special rear...
No description available...
19h ago from Motorsport.com
Why WorldSBK leader Nicolo Bulega could miss out on a...
Rumours surrounding Nicolo Bulega and a possible move to MotoGP in 2027...
23h ago from MotorsportWeek.c...
Renovations begin at Goiania after MotoGP's...
No description available...
23h ago from Motorsport.com
Why Alex Marquez has been struggling in MotoGP this...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar: A closer look at Mick Schumacher's true pace
No description available...
12h ago from Motorsport.com
Will Power's father okay after wrestling with armed...
No description available...
16h ago from Motorsport.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hyundai continues to honour Craig Breen's memory
Hyundai Shell Mobis World Rally Team will run a special livery at this...
21h ago from MotorsportWeek.c...
Hyundai unveils Craig Breen tribute livery for WRC...
No description available...
23h ago from Motorsport.com
Storm damage forces changes to WRC Rally Islas...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Player ratings: Sporting 0-1 Arsenal
Arsenal bounced back from back-to-back cup defeats in with an important...
37m ago from FreshArsenal.com
Sporting 0-1 Arsenal: A much need moment wins the...
Good morning from Lisbon where Arsenal won last night. Was it a classic?...
47m ago from Arseblog.com
The irreplaceable anchor: The most important Arsenal...
When evaluating the monumental evolution of Mikel Arteta’s Arsenal, it...
1h ago from CaughtOffside.com
'I don't want to see him' - Darren Bent asks Arsenal...
Pundit Darren Bent has urged Arsenal manager Mikel Arteta to keep...
2h ago from SportsKeeda.com
Comments
Hottest News
Did Aston Martin pay Adrian Newey £150m to build an...
Aston Martin's F1 2026 issues could well be down... Read More »
47m ago from GPFans.com
Martin Brundle questions legality of 2026 F1 cars
Martin Brundle has questioned the legality of... Read More »
37m ago from MotorsportWeek.com
George Russell still Formula 1 title favorite but shouldn't...
While George Russell was tipped to fight for the... Read More »
57m ago from GrandPrix247.com
