F1-Fansite.com

F1 News

Lotus F1 owner's losses & debts continue to worsen

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

PinIt

Latest posts in this F1 category:

See older posts in our F1 Archive »

Stay Updated by F1-Fansite!

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
2017 Formula 1 Season Early Booking Discounts are:
F1 Grand Prix
Discount

Book entrance Chinese F1 GP China '17AvailableBook Now
Book entrance Spanish F1 GP Spain '17AvailableBook Now
Book entrance Monaco F1 GP Monaco '17AvailableBook Now
Book entrance Canadian F1 GP Canada '17AvailableBook Now
Book entrance Austrian F1 GP Austria '17AvailableBook Now
Book entrance British F1 GP UK '17AvailableBook Now
Book entrance Belgian F1 GP Belgium '17AvailableBook Now
Book entrance Italian F1 GP Italy '17AvailableBook Now
Book entrance Belgian F1 GP Singapore '1717% discountBook Now
Book entrance Malaysian F1 GP Malaysia '17AvailableBook Now
Book Japanese F1 GP Japan '17AvailableBook Now
Book entrance Italian F1 GP Mexico '17AvailableBook Now

Polls

Who was the best rookie in Australia?

View Results

Loading ... Loading ...
F1 Polls