Tag Archive: Genii Capital

Aug 01

Lotus owner’s losses, debts continue to worsen – report

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

2014-05-04 - Lotus F1 Team - Gerard Lopez Together with Eric Lux, fellow Luxembourger Lopez heads the investment company Genii Capital, which owns the Enstone based team. Read the rest of this entry »

Nov 17

Emaar and Genii Capital join forces to promote Dubai’s Expo 2020 bid on Lotus F1 Team cars

Dubai’s Expo 2020 Bid to be promoted on Lotus F1 Team cars

2013-11-17 - Lotus F1 Team - Heikki Kovalainen 05Lotus F1 Team side-pods to feature Dubai Expo 2020 logo as it throttles down the Circuit of the Americas in Austin at the 2013 Formula 1 United States Grand Prix, in Dubai’s bid message to reach over 250 million people across the world. Read the rest of this entry »

Nov 02

Stewart says Genii to solve cash crisis by Austin

Stewart is confident

2013-06-09_00037Sir Jackie Stewart on Saturday said he is confident Kimi Raikkonen will line up in his black and gold Lotus in Austin later this month. Read the rest of this entry »

Jun 19

Lotus’ new co-owners won’t ‘sit idly’ – report

“It is clear the new shareholders are not going to sit idly in the background”

2013-06-09_1282Lotus’ new team co-owner has lurched into formula one with bravado, claiming the Enstone based team will be “number 1 in twelve months”. Read the rest of this entry »

Jun 19

New co-owner for Lotus team

“As the team’s results have continued to improve every year” – Eric Lux

2013-06-09_1313Genii has sold 35 per cent of its Enstone based formula one team Lotus to an investment consortium. Read the rest of this entry »

Jun 18

New investor strengthens Lotus F1 Team

Infinity Racing joins Genii Capital

2013-06-06_0266Lotus F1 Team has new part-owners as of today, with Infinity Racing Partners Limited (Infinity Racing) acquiring a 35% minority stake in the team. Read the rest of this entry »

May 13

Lotus sells team stake, Mercedes on F1 board

Bernie Ecclestone has now appointed a Daimler executive

2013-04-20 - Lotus F1 Team - Bahrain - Gerard Lopez 01F1 team Lotus has reportedly sold a $1.5 million stake to a British property investor. Read the rest of this entry »

Sep 18

Kubica to reveal next plans ‘in due course’

Kubica praises ‘pure racing team’ Lotus

2012-09-08 - Lotus F1 Team - Italy - Soleco 02Robert Kubica photo © WRI2 Robert Kubica has hit back at reports he should sit back rather than risk life and limb in a rally car. Lotus is doing so well because it is a “pure racing team”.

Read the rest of this entry »

Dec 09

Romain Grosjean to race alongside Kimi Räikkönen in 2012

Lotus confirms Grosjean as Raikkonen’s teammate

2011-12-09 - Lotus Renault GP - Romain Grosjean 032011-12-09 - Lotus Renault GP - Romain Grosjean 02Lotus Renault GP and TOTAL are delighted to announce that Romain Grosjean will race alongside 2007 world champion Kimi Räikkönen next season. The two companies are also pleased to confirm that they have renewed their sponsorship agreement for another year.

Read the rest of this entry »

Dec 06

Owner hints all change for 2012 Lotus lineup

“It’s not just a question of Vitaly or Bruno”

2011-06-12_0553 2011-10-29 - Lotus Renault GP - India - Gerard Lopez 01Team owner Gerard Lopez has confirmed reports Lotus could change its driver lineup completely ahead of the 2012 season. Already signed up for next year is Kimi Raikkonen, amid reports 2011 drivers Bruno Senna and Vitaly Petrov are the main contenders to be the famous Finn’s teammate.

Read the rest of this entry »

Dec 02

Berger linked with Renault/Lotus role

Gerhard Berger has emerged as a contender to work with the Lotus Renault team.

00731full842011-11-13 - Lotus Renault GP - Abu Dhabi - Romain Grosjean 01Italy’s La Gazzetta dello Sport and Finland’s Turun Sanomat report that the former grand prix winner, BMW motor sport director and Toro Rosso co-owner has been sounded out by Lotus’ owner Genii Capital.

Read the rest of this entry »

Nov 29

Kimi Räikkönen back in F1 with LRGP in 2012

Renault/Lotus team signs Raikkonen for F1 return

2011-11-29 - Lotus Renault GP - Kimi Raikkonen (6)2011-11-29 - Lotus Renault GP - Kimi Raikkonen (3)Lotus Renault GP is pleased to announce that Kimi Räikkönen will race for the team next season. The 2007 World Champion, who left Formula 1 at the end of 2009 to pursue a career in rallying, has decided to make a comeback at the pinnacle of single-seater racing. He has now signed a two-year agreement with Lotus Renault GP.

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Oct 13

Proton denies selling Lotus to Renault owner Genii

Group Lotus owner Proton has denied the British sports car maker is being sold to formula one team owner Genii.

Proton2011-02-03 - Genii Business Exchange 2Last week, Lotus boss Dany Bahar failed to quell speculation that Genii, the Gerard Lopez-led owner of the Enstone based Renault team, is poised to take over its title sponsor Lotus.

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Sep 05

Ecclestone ‘tempted’ to buy Renault team in 2009

Bernie Ecclestone has revealed he was “very tempted” to buy Renault’s formula one team when the French carmaker pulled out as an owner.

Flavio Briatore - Bernie Ecclestone2009-01-19Actually, the Enstone based team was bought by its current owners Genii Capital, but there are reports of financial trouble and rumours a group involving David Richards might step up to take over.

Read the rest of this entry »

Aug 30

Renault team owner Lopez open to Spa buy-out

Renault team owner Gerard Lopez has confirmed his interest in buying into Spa-Francorchamps.

Spa-Francorchamps2011-06-12_0577The fabled Belgian circuit is a favourite among drivers and fans, but for financial reasons it might have to annually alternate a single race date in future with France.

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Aug 18

Renault owner Lopez ‘expected more’ from Heidfeld

Renault team owner Gerard Lopez has admitted he is disappointed with Nick Heidfeld.

2011-07-30 - Lotus Renault GP - Hungary - Nick Heidfeld 032011-06-12_0553“We expected more from him,” the Genii Capital chief is quoted as saying by Brazil’s Globo Esporte. German veteran Heidfeld, 34, was signed by the Enstone based team at short notice this year to replace injured regular Robert Kubica.

Read the rest of this entry »

Jun 06

Renault hits back at rumours of financial problems

Renault is hitting back at reports of financial problems.

Renault logo
The rumours emerged during the Monaco grand prix and the Enstone based team’s boss Eric Boullier hinted they might have been started by his predecessor Flavio Briatore, who was making an appearance in the Principality. Read the rest of this entry »

May 29

Manager denies Kubica won’t return in 2011

Morelli said there is “no concern” that Kubica will not recover eventually

2011-02-03 - Lotus Renault GP - Robert Kubica 02Robert Kubica rally crash car (2)Robert Kubica’s manager has hit out at Gerard Lopez’s claim that the injured Pole will definitely not return to formula one in 2011. Lopez, head of the Renault team’s owner Genii Capital, told Spanish radio last week that while the 26-year-old definitely will not race this year, he might appear in a Friday practice session. Read the rest of this entry »

May 27

Renault team in financial trouble – report

The Renault team is reportedly in financial trouble.

2011-05-20 - Lotus Renault GP - Spain - Vitaly Petrov 052011-05-07 - Lotus Renault GP - Turkey - 02As the naming dispute between sponsor Group Lotus and rival outfit Team Lotus made headlines on Friday, Germany’s Auto Motor und Sport said Enstone based Renault is grappling with other problems. Read the rest of this entry »

May 20

Lux wanted Sutil to skip grands prix – report

“We know nothing about it; there was no ultimatum” – Zimmermann

2011-03-26 - Force India F1 Team - Australia - Adrian Sutil 092011-03-26 - Force India F1 Team - Australia - Adrian Sutil 08Eric Lux offered to settle the Adrian Sutil affair but the Force India driver broke the ultimatum, according to a German newspaper. The Frankfurter Allgemeine Zeitung said Lux, the chief executive of Renault team owner Genii Capital, now intends to pursue the 28-year-old in Germany, Switzerland (where Sutil lives) and England (where his team is based). Read the rest of this entry »

May 20

Sutil wants ‘amicable’ solution to Lux affair

“We are still looking for an amicable solution between ourselves” – Manfred Zimmermann

2011-03-26 - Force India F1 Team - Australia - Adrian Sutil 092011-03-26 - Force India F1 Team - Australia - Adrian Sutil 08Adrian Sutil’s manager has admitted he is seeking an “amicable” solution with Eric Lux amid a scandal that could cost the Force India driver his formula one career or even his freedom. Read the rest of this entry »

May 18

Force India backs Sutil for Barcelona race only

Force India has indicated it will reassess its commitment to Adrian Sutil after Sunday’s Spanish grand prix.

2011-05-07 - Force India F1 Team - Turkey - Transporter 032011-05-07 - Force India F1 Team - Turkey - Adrian Sutil 03As the 28-year-old German faces criminal charges for attacking Renault team co-owner Eric Lux last month, Silverstone based Force India issued a media statement. Read the rest of this entry »

Apr 16

Renault much more open than BMW-Sauber – Heidfeld

Renault is a more open team to work with than was BMW-Sauber, Nick Heidfeld has admitted.

2011-04-16 - Lotus Renault GP - China - Vitaly Petrov 062011-04-16 - Lotus Renault GP - China - Nick Heidfeld 11The German, who has replaced the injured Robert Kubica this year, was paired with the Pole for several years at BMW-Sauber before the carmaker pulled out in 2009. “Renault is extremely open,” the 33-year-old, referring to the Lotus-sponsored team owned by Genii Capital, said in an interview with Frankfurter Allgemeine Zeitung. Read the rest of this entry »

Apr 10

Genii Capital and Proton strengthen relationship

Both parties have agreed to collaborate in order to actively support Proton’s international expansion.

Genii Business Exchange logoProtonGenii Capital and Proton strengthen successful relationship Proton -the owner of Lotus Cars- and Genii Capital -the owner of Lotus Renault GP-, are pleased to announce a new strategic synergy. This announcement is the result of a project led by Genii Business Exchange, the business platform created by Genii Capital in order to transform the global exposure derived from the Formula 1 World Championship into unique opportunities. Read the rest of this entry »

Jan 31

Sticky: R31 Launch: Black to the future (updated)

Lotus Renault GP’s 2011 challenger
Senna joins Renault as 2011 ‘third’ driver

2011-01-31 - Lotus Renault GP  - R31 Launch 00072011-01-31 - Lotus Renault GP  - R31 Launch 0001The world’s media got their first glimpse of Lotus Renault GP’s 2011 challenger this afternoon as the R31 was presented in the pit lane of the Circuit de la Comunitat Valenciana Ricardo Tormo. Read the rest of this entry »

Jan 31

Lotus dispute about ‘money’ – Lopez

The Lotus naming dispute is simply about money, Renault team owner Gerard Lopez said on Monday.

He was speaking at Valencia, where the newly Lotus-sponsored Renault revealed its 2011 car, mere hours after the entirely separate Team Lotus launched another car that will also carry the evocative brand name this season. Read the rest of this entry »

Jan 19

Genii, not Group Lotus, owns Renault team – Boullier

Boullier revealed that while the R31 car will debut at Valencia next month

Lotus Renault GP logo2010-05-30 - Lotus F1 Racing - Fayruz Fauzy 01Eric Boullier has moved to clarify reports about the ownership structure of the Enstone based F1 team called Renault. Read the rest of this entry »

Jan 17

Boullier ‘working hard’ on Grosjean’s F1 return

How Boullier shook off ‘ghost’ of Briatore

2010-01-18 - Renault - Eric Boullier 02Romain GrosjeanRenault team boss Eric Boullier has admitted he is working hard to bring Romain Grosjean back to formula one. French broadcaster TF1’s commentator Christophe Malbranque announced last week that 24-year-old Grosjean is set to be the team’s third driver in 2011. Read the rest of this entry »

Jan 14

Renault to race with British license in 2011

Renault will race in formula one this year with a British license.

It means that if Robert Kubica or Vitaly Petrov win a race, it will be God Save The Queen rather than La Marseillaise that is played on the podium. Read the rest of this entry »

Dec 09

Group Lotus eyes bigger Renault slice in future

CEO Dany Bahar has indicated Group Lotus might eventually buy more of the Renault F1 team.

Lotus LogoRenault F1 TeamLotus has bought into the Enstone based team’s majority owner Genii Capital, and reports on Thursday suggested the deal might become a complete takeover within time. Read the rest of this entry »

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