F1 News

Lotus F1 owner's losses & debts continue to worsen

Posted on by
2013 Abu Dhabi Grand Prix

2013 Abu Dhabi Grand Prix

Alarming news about the financial health of Lotus F1 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.

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.

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

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


Latest F1 News posts:

See older posts in our F1 News Archive »

Stay Updated by F1-Fansite!

Each subscriber has a change to win one of our
2017 F1-Fansite.com Photo Calendars!.
Buy F1 MerchandiseBuy F1 Merchandise of your favourite driver or team.

Early Booking Discounts on F1 Tickets

Buy F1 tickets cheaper at F1-Fansite.com 2016 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix

Book F1 Tickets Mexican F1 GP Mexico '16Available
Book Now
Book F1 Tickets Brazilian F1 GP Brazil '16Available
Book Now
Book F1 Tickets Abu Dhabi F1 GP Abu Dhabi '16Available
Book Now
Book F1 Tickets Australian F1 GP Australia '17AvialableBook Now
Book F1 Tickets China F1 GP China '1710% discountBook Now
Book F1 Tickets Spanish F1 GP Spain '1720% discountBook Now
Book F1 Tickets Monaco F1 GP Monaco '17AvailableBook Now
Book F1 Tickets Austrian F1 GP Austria '1720% discountBook Now
Book F1 Tickets British F1 GP UK '17AvailableBook Now
Book F1 Tickets Hungarian F1 GP Hungary '1720% discountBook Now
Book F1 Tickets Belgian F1 GP Belgium '1725% discountBook Now


Will Hulkenberg deliver the 'giant leap" for Renault?

View Results

Loading ... Loading ...
F1 Polls