user icon
user icon
icon
link-icon
<< Return to the news list
Genii needs succes as motivation to stay in F1 with Lotus

Genii needs succes as motivation to stay in F1 with Lotus

  • Published on 04 Sep 2013 12:14
  • comments 0
  • By: Rob Veenstra
At least for now, team owner Gerard Lopez insists he is committed to formula one. In 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.

He told Russia's f1news.ru that the actual number is not significant to Genii, the investment firm he leads. So, asked if he is sticking with F1 and with the name Lotus, Lopez answered: "I think so. I have already said that we will stay in formula one as long as we are interested. That was the case two years ago, also last year, and nothing has changed. However, not everything depends on us. I cannot say what formula one will be like in three to five years. Our interest depends a lot on whether we are among the best teams in the championship. To win, to fight the best -- this is our main motivation to stay," he insisted.

Indeed, he said Lotus cannot be compared to Mercedes or Ferrari, given that Genii "do not sell cars". F1, for an investment firm, "is a platform, not an advertising space", said Lopez. "Generally, having a formula one team in itself is definitely not a project that can bring profits. For us it is enough that the team is just not unprofitable," he added. For that reason, Lopez said, Lotus is not for sale. "We do not hide that we are looking for partners, we talk about it openly, but we are not talking about a sale of the team. It's not the same thing," he insisted. (GMM)
F1 News Mercedes Renault Ferrari Lotus F1
<< Previous article Next article >>

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

Related news

World Championship standings 2021

Pos
Team
Points
1
Red Bull Racing
286
2
Mercedes
282
3
McLaren
163
4
Ferrari
148
5
Alpha Tauri
49
6
Aston Martin
48
7
Alpine F1
40
8
Alfa Romeo Racing
2
Show full world champion standings

Test calendar

Bahrain International Circuit - Winter testing

See full test schedule

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Team profile

Mercedes
Mercedes
Show full profile

Formula 1 Calendar - 2021

Date
Grand Prix
Circuit
-
Bahrain
26 - Mar 28
Bahrain
Bahrain International Circuit
16 - Apr 18
Italy
Autodromo Enzo e Dino Ferrari
30 - May 2
Portugal
Autódromo Internacional do Algarve
7 - May 9
Spain
Circuit de Catalunya
20 - May 23
Monaco
Monte Carlo
4 - Jun 6
Azerbaijan
Baku City Circuit
18 - Jun 20
France
Paul Ricard
25 - Jun 27
Austria
Red Bull Ring
2 - Jul 4
Austria
Red Bull Ring
16 - Jul 18
United Kingdom
Silverstone
30 - Aug 1
Hungary
Hungaroring
27 - Aug 29
Belgium
Spa-Francorchamps
3 - Sep 5
Netherlands
Circuit Zandvoort
10 - Sep 12
Italy
Monza
24 - Sep 26
Russian
Sochi Autodrom
1 - Oct 3
Singapore
Marina Bay Street Circuit
8 - Oct 10
Japan
Circuit Suzuka
22 - Oct 24
United States of America
Circuit of the Americas
29 - Oct 31
Mexico
Autodromo Hermanos Rodriguez
5 - Nov 7
Brazil
Interlagos
19 - Nov 21
Australia
Albert Park
3 - Dec 5
Saudi Arabia
Jeddah Street Circuit
10 - Dec 12
United Arab Emirates
Yas Marina Circuit
See full schedule

Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
-
Bahrain Bahrain International Circuit
26 - Mar 28
Bahrain Bahrain International Circuit
16 - Apr 18
Italy Autodromo Enzo e Dino Ferrari
30 - May 2
Portugal Autódromo Internacional do Algarve
7 - May 9
Spain Circuit de Catalunya
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
Belgium Spa-Francorchamps
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
Singapore Marina Bay Street Circuit
8 - Oct 10
Japan Circuit Suzuka
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
Mexico Autodromo Hermanos Rodriguez
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
3 - Dec 5
Saudi Arabia Jeddah Street Circuit
10 - Dec 12
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar