Tag Archive: Genii

Aug 18

Lopez hits back at Genii financial reports

Gerard Lopez has lashed back at reports suggesting Lotus team owner Genii is in dire financial health.

2014-05-04 - Lotus F1 Team - Gerard Lopez The Luxembourg newspaper Tageblatt reported recently that Genii, headed by Lopez and his business partner Eric Lux, is recording ever-growing losses and debts.
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Mar 14

Lotus promote from within for new team boss

Lotus’ new team boss is Federico Gastaldi

2014-02-22_0000 - Lotus F1 Team - Bahrain - Pastor Maldonado It had been reported that Citroen rally chief Olivier Quesnel, or perhaps even ousted McLaren boss Martin Whitmarsh, would be drafted in to fill the hole left by Eric Boullier’s departure. Read the rest of this entry »

Jan 27

Grosjean future safe despite Boullier exit

Lopez told France’s RMC that Grosjean is safe

2013-11-17 - Lotus F1 Team - Romain Grosjean 01 Romain Grosjean’s Lotus future is safe, despite the departure from the team of boss Eric Boullier. Read the rest of this entry »

Jan 24

Lotus F1 Team announce Gérard Lopez as Team Principal with immediate effect

New commercial partners and sponsors will also be announced 

04 - Lotus F1 Team In order to continue strengthening its management structure, to further increase Genii’s role in the team and to close the gap between its strategic, commercial and sporting activities, Lotus F1 Team is pleased to announce that its co-Chairman, Gérard Lopez, will combine his position on the board with the role of Team Principal with immediate effect. Read the rest of this entry »

Jan 21

Quantum chief says Lotus buy-in deal not dead

“The money never arrived,” said Lopez

Gérard Lopez - photo © Dppi - E. Vargiolu Mansoor Ijaz, the man behind Lotus’ delayed buy-in by the Quantum group, insists the deal is not dead. Read the rest of this entry »

Nov 12

Lopez admits frustration with Raikkonen surgery

Lopez’s frustration is perhaps understandable

2013-04-20 - Lotus F1 Team - Bahrain - Eric Boullier - Gerard Lopez 01Gerard Lopez, the head of Lotus’ team owner Genii, might be among the cynics after news broke that Kimi Raikkonen will sit out the rest of the season. 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 »

Sep 25

Lotus not ruling out name change to Renault – Lopez

Lopez said taking the next step is in fact crucial for Lotus

2013-05-12 - Lotus F1 Team - Spain - Romain Grosjean 01Team owner Gerard Lopez has confirmed Lotus is hoping Renault offers ‘works’-style support to the Enstone based outfit. Read the rest of this entry »

Sep 07

Experts doubt Raikkonen set for Ferrari return

And Lotus is pushing hard to convince the Finn to stay

2013-06-08_0131Well-known paddock personalities doubt feverish speculation Kimi Raikkonen is on the verge of signing to return to Ferrari next year. Read the rest of this entry »

Sep 04

Lotus owner committed to F1 for now – Lopez

At least for now, team owner Gerard Lopez insists he is committed to formula one.

2013-04-20 - Lotus F1 Team - Bahrain - Eric Boullier - Gerard Lopez 01In the past weeks, he has consistently played down the importance of the confirmed news that Lotus, the Enstone based team formerly known as Renault and Benetton, has debts of EUR 120 million. Read the rest of this entry »

Aug 24

Team owner Gerard Lopez on Saturday played down reports of financial strife at Lotus.

Lopez denies Lotus in financial strife

2013-04-20 - Lotus F1 Team - Bahrain - Eric Boullier - Gerard Lopez 01Reportedly in debt to the tune of EUR 120 million, behind in payments to lead driver Kimi Raikkonen and with the new Infinity Racing investment in doubt, Lopez insisted at Spa-Francorchamps that Lotus is in fact in good health. Read the rest of this entry »

Aug 09

Lotus denies unpaid staff warning of strike

“There may be some delays” – Eric Boullier

2013-06-08_0067Lotus has played down reports the Enstone based team is struggling to survive financially amid crippling debts. Read the rest of this entry »

Aug 06

Lotus struggling with ‘money problems’ – reports

Troubling signs of financial weakness are emerging from Lotus.

2013-05-23 - Lotus F1 Team - Monaco 02The authoritative German website motorsport-total.com reports that, although in the hunt for the 2013 title, the Genii-owned outfit is “struggling to survive” under EUR 120 million in debt. Read the rest of this entry »

Jul 16

Sauber rescue deal worth $170 million – report

The news was reported as Sauber having been ‘rescued’ by Russia

2013-02-02 - Sauber F1 Team - Sauber C32 Side 03Sauber boss Monisha Kaltenborn has clarified reports suggesting the Swiss team has been bought by Russian entities. Read the rest of this entry »

Jul 01

Two F1 legends fundamentally disagree about Kimi Raikkonen’s best next move.

Red Bull snub would make Raikkonen ‘a wimp’ – Lauda

2013-06-09_0501It is rumoured the 2007 world champion is the hot favourite to replace Red Bull’s Porsche-bound Mark Webber next season. 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 »

Apr 19

Raikkonen ‘very happy’ with 2014 contract talks – Boullier

“We have more money than last year”

Eric Boullier - photo © DPPI  François FlamandKimi Raikkonen is moving closer to committing to Lotus for the 2014 season, according to team boss Eric Boullier. Read the rest of this entry »

Apr 17

Lotus to sell stake to fund Raikkonen deal – report

Mannucci said the money would go towards the team retaining Kimi Raikkonen

2013-04-13 - Lotus F1 Team - China - Kimi Raikkonen (2)Lotus owner Genii is offering part of the Enstone based team for sale, according to a report by Cesare Mannucci in Italy’s Autosprint. Read the rest of this entry »

Mar 24

‘No superstars at Lotus’ – boss Boullier

“We pay less than half what Red Bull pays.”

Eric Boullier - photo © DPPI  François FlamandTeam boss Eric Boullier says he has created a team structure that does not rely on hugely-paid “superstars”. Read the rest of this entry »

Feb 28

Lotus to begin 2013 season without title sponsor

Lotus looks set to begin the 2013 season without a title sponsor.

2013-02-23 - Lotus F1 Team - Barcelona - Romain Grosjean 022013-02-23 - Lotus F1 Team - Barcelona - Kimi Raikkonen 03Late last year, it emerged that the Genii-owned team was close to announcing a $30 million per year deal with Honeywell, the American technology giant. Read the rest of this entry »

Nov 24

Lotus yet to take Grosjean ‘decision’ for 2013 – Lopez

Gerard Lopez, the owner of the Lotus team, has played down rumours Romain Grosjean could be dropped.

2012-11-16_00172012-11-04 - Lotus F1 Team - Abu Dhabi - Romain Grosjean 01Before the Frenchman got involved in yet another incident this weekend – a high-speed qualifying clash with Pedro de la Rosa – whispers in the Interlagos paddock suggested Grosjean’s future was less than secure. Read the rest of this entry »

Nov 24

Raikkonen bonus money situation ‘resolved’ – Lopez

Lotus F1 owner Gerard Lopez has blamed “angry” potential partners for spreading rumours about the team’s financial situation.

2012-11-04 - Lotus F1 Team - Abu Dhabi - Kimi Raikkonen 012012-06-10_1379It had been rumoured the Enstone based squad, owned by Luxembourg businessman Lopez’s Genii investment company, was having trouble paying Kimi Raikkonen and the team’s 500 staff. Read the rest of this entry »

Nov 17

Lotus owner says Genii ‘wants’ to stay in F1

Gerard Lopez, the owner of the newly-winning F1 team Lotus, said he cannot guarantee Genii will remain committed to the sport.

2012-06-10_13792010-01-31 - Renault R30 - Gerard Lopez 02In an interview with Germany’s Welt newspaper, the Luxembourger laid out many of F1’s problems, including the scarcity of sponsors. And amid rumours the Enstone based team has been in talks with potential investors, Lopez was asked if the investment company is staying in F1 despite the problems. Read the rest of this entry »

Nov 06

Lotus win helps talks with team investors – Boullier

Kimi Raikkonen’s triumph in Abu Dhabi was important for more than just giving the Finn and Lotus the winning feeling.

2012-06-09_01792012-11-04 - Lotus F1 Team - Abu Dhabi - Kimi Raikkonen 03Turun Sanomat newspaper reveals that boss Eric Boullier is so new to winning as a constructor in F1 that he had no idea what to do before mounting the podium for the team’s trophy. “I was a little lost with the protocol, but fortunately Fernando Alonso was helping and advising what I had to do,” smiled the Frenchman. Read the rest of this entry »

Oct 28

Lotus team to sell to ‘Malaysian’ – rumour

There are paddock rumours that F1 team Lotus’ owner Genii may soon be sold.

05 - Lotus F1 Team2012-10-14 - Lotus F1 Team - Korea - Kimi Raikkonen 01The German language Speed Week said it has heard that the likely buyer is from Malaysia. In 2010 and 2011, Malaysian entrepreneur Tony Fernandes’ Caterham team was called Lotus, until a resolution was found to the F1 naming dispute with Group Lotus. Read the rest of this entry »

Oct 10

Stewart renews offer to coach struggling Grosjean

Sir Jackie Stewart has once again offered to become struggling Romain Grosjean’s coach.

2012-02-05 - Lotus F1 Team - Romain Grosjean -  012012-05-12 - Spanish Grand Prix a 0013Earlier this year, when Lotus’ French driver was first labelled a ‘crash king’ of the 2012 season, triple world champion Stewart offered to help the 26-year-old get to grips with the sport’s psychological pressures. Read the rest of this entry »

Aug 22

Lotus confident Raikkonen to stay

Lotus is confident Kimi Raikkonen will stay with the Enstone based team in 2013.

2012-07-21 - Lotus F1 Team - Germany - Kimi Raikkonen 012012-06-10_0529Before F1 went into its August slumber, 2007 world champion Raikkonen refused to categorically deny rumours he might return to Ferrari next year to replace Felipe Massa. Read the rest of this entry »

Aug 21

Piquet jr slams driver lineup at Lotus

Nelson Piquet Jr has slammed the driver lineup of his former formula one team.

Nelson Piquet - Nelson Piquet JrNelson Piquet Jr. - photo © Jared C. Tilton- Getty ImagesScoring just 19 points in his 28 races for the works Renault team in 2008 and 2009, the now 27-year-old Brazilian turned to Nascar racing after leaving F1 amid the ‘crashgate’ scandal.

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Jul 07

Genii, the private equity fund that owns the Lotus team, is looking into investing EUR 500 million in the world of football

Lotus owner Genii to spend big on football

2012-06-10_1378Eric Lux - Genii CapitalTeam owners Gerard Lopez and Eric Lux are eyeing five second-tier European clubs as well as a dozen player agencies, academies and media rights companies, the Financial Times reports.

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Apr 26

F1 owner Genii considers buying Group Lotus

Rumours that F1 team owner Genii is contemplating buying the Group Lotus sports car company are continuing to gain steam.

2011-02-03 - Genii Business Exchange 2Group Lotus plcThat is despite Genii’s Gerard Lopez confirming recently that the Enstone based team has ended its sponsorship deal with the carmaker, even though the team will continue to carry the Lotus name. Read the rest of this entry »

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