F1, Formula 1, NASCAR, IndyCar, MotoGP, ALMS, And More!
z


Aug 01, 2014 - 06:14 AM
Top News!
Rumors Edition!
Upcoming Racing! (Updated)



Top Stories
· 2014 Indianapolis (Brickyard 400): NASCAR Sprint Cup Race Results - Gordon Takes Fifth With Chevrolet! (Jul 27, 2014)
· 2014 Hungary GP: Formula One F1 Race Results - Ricciardo, Red Bull Win! (Jul 27, 2014)
· 2014 Brickyard 400 (Indianapolis): NASCAR Sprint Cup Starting Line-up & Race Preview (Jul 27, 2014)
· 2014 Indianapolis: NASCAR Nationwide Race Results - Dillon, Chevrolet Win! (Jul 26, 2014)
· 2014 Hungary GP: Formula One F1 Starting Line-up Grid & Race Preview (Jul 26, 2014)

Previous Top Stories!


Hot Rumors!
· F1: Mexico to be 'double points' finale in 2015 ? (Jul 30, 2014)
· F1: Hamilton angling for new EUR 90m contract ? (Jul 28, 2014)
· F1: Briatore to inject more 'show' into Formula One ? (Jul 27, 2014)
· F1: Grosjean Leaving Lotus ? (Jul 27, 2014)
· F1: Marko playing contract poker with Vettel ? (Jul 27, 2014)
More Rumors!


F1: Lotus owner's losses, debts continue to worsen ?
Posted by: Admin on Aug 01, 2014 - 06:10 AM
Rumor
F1: Lotus owner's losses, debts continue to worsen ?


Alarming news about the financial health of Lotus team owner Gerard Lopez has emerged.

Together with Eric Lux, fellow Luxembourger Lopez heads the investment company Genii Capital, which owns the Enstone based team.


 

Bookmark and Share

After finishing a strong fourth in the last two constructors' world championships, Lotus is currently a mere eighth after a particularly difficult first half to the 2014 campaign.

And according to the Luxembourg newspaper Tageblatt, the financial news is even worse.

Accounts just filed with the commercial register for 2012 show an annual loss of almost EUR 53 million, with company equity listed as minus EUR 128 million.

The report said that just one year ago, the loss was only 55 million, while total debt is now shown at a whopping EUR 185 million.

Tageblatt also claims that although company filings are due no later than seven months after the end of the financial year, Genii only filed the accounts for 2011 and 2012 in mid-July of this year.

The accounts for 2013 have not yet been filed.



PaddockTalk Perspective



Also in Rumor:



 
Related links
· PaddockTalk RumorBin
· PaddockTalk Top News!
· More about Rumor







Home :: _ 


All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest (c) 2003-2014 by PaddockTalk.com.
Contact E-mail: admin@paddocktalk.com
Privacy