F1-Fansite.com

F1 News

Lotus F1: Most teams are struggling to survive

2013 Abu Dhabi Grand Prix
2013 Abu Dhabi Grand Prix
Romain Grosjean, Lotus E21

Romain Grosjean, Lotus E21

Gerard Lopez, the owner of the Lotus outfit, believes the vast majority of the teams in formula one are struggling financially.

Lotus' problems have had a high profile in 2013, as the Enstone based team thrived with a competitive car but tackled rumours it was struggling to pay its drivers, employees and suppliers.

But the Russian website f1news.ru quoted Lopez as insisting: "For 80 per cent of the teams, their financial situation is no better than ours.

"If half of those teams say they are leaving formula one, it would lead to the collapse of the championship," he claimed.

Lopez said it is extraordinarily difficult for a team to raise money through investment or traditional sponsorship at present.

"I can go to potential investors and say 'I want to sell millions of cars running on renewable energy and hybrid technology' and they tell me 'Wow! Let's see what we can do!'

"But if I say that I want money for formula one, to participate in one of the biggest sporting events in the world, you don't get the same answer," he added.

Book discounted tickets and reservate your hotel room in our F1 Tickets Shop.

Please share this article & subscribe to our FREE weekly F1 Newsletter!

PinIt
 submit to reddit  

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest posts in this F1 category:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

2017 F1 Merchandise

2017 F1 MerchandiseGet your 2017 F1 Merchandise here.

Early Booking Discounts on F1 Tickets

Book F1 Tickets cheaper at F1-Fansite.com 2017 Formula 1 Season Early Booking Discounts are:
F1 Race Discount
Malaysia '17 Available Book Now
Japan '17 Available Book Now
USA '17 Available Book Now
Mexico '17 Available Book Now
Brazil '17 Available Book Now
Abu Dhabi '17 Available Book Now
Australia '18 Available Book Now
Spain '18 20% Discount Book Now
Monaco '18 Available Book Now
Canada '18 Available Book Now
Austria '18 20% Discount Book Now
UK '18 Available Book Now
Germany '18 29% Discount Book Now
Hungary '18 20% Discount Book Now
Belgium '18 15% Discount Book Now

Polls

Do you want the Halo?

View Results

Loading ... Loading ...
F1 Polls

We make use of cookies to personalise ads, to make use of social media & to analyse our website traffic. We also share this information with our partners for use of social media, ads & analyses. These partners can combine our info with other info that you already shared with them or that they have gathered of you by using their services. By continuing to use this website, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close