Most teams have some financial worries - Lotus

  • Published on 17 Aug 2015 08:27
  • comments 0
  • By: Rob Veenstra

Lotus' troubles are continuing for now. Amid rumours of financial trouble and a potential buyout by Renault, deputy boss Federico Gastaldi said the Enstone team is braced for a Belgian grand prix weekend full of intrigue and "waffle".

And now the latest piece of bad news has emerged. Andrew Ruhan, a wealthy property tycoon who is a part-owner and board member of Lotus, is embroiled in legal trouble. Firstly, his divorce settlement with his wife is expected to be one of Britain's biggest ever, according to the Sunday Times.

And a deal has reportedly been delayed "because of Ruhan's involvement in a legal battle with former business partners" over a hotel chain, set to hit the High Court next year. Ruhan declined to comment. Gastaldi, however, has played down the financial troubles swirling around Lotus, including reports of disgruntled suppliers.

"Most of the teams have some financial worries," he is quoted by Speed Week. "The problem is that unlike Ferrari, Mercedes and Red Bull, we do not sell cars or energy drinks. We finance through other channels, including the prize money and sponsor contributions. And at the end the team owner must also bring in money from his own pocket," Gastaldi added. (GMM)

Replies (0)

Login to reply

BE Grand Prix of Belgium

Local time 

BE Grand Prix of Belgium

Local time 

World Championship standings 2023

Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2023

Date
Grand Prix
Circuit
-
Bahrain
3 - Mar 5
Bahrain
17 - Mar 19
Saudi Arabia
31 - Apr 2
Australia
28 - Apr 30
Azerbaijan
5 - May 7
United States of America
19 - May 21
Italy
26 - May 28
Monaco
2 - Jun 4
Spain
16 - Jun 18
Canada
30 - Jul 2
Austria
7 - Jul 9
United Kingdom
21 - Jul 23
Hungary
28 - Jul 30
Belgium
25 - Aug 27
Netherlands
1 - Sep 3
Italy
15 - Sep 17
Singapore
22 - Sep 24
Japan
20 - Oct 22
United States of America
27 - Oct 29
Mexico
3 - Nov 5
Brazil
17 - Nov 19
United States of America
24 - Nov 26
United Arab Emirates
See full schedule

Formula 1 Calendar - 2023

Date
Grand Prix & Circuit
3 - Mar 5
17 - Mar 19
Saudi Arabia Jeddah Street Circuit
31 - Apr 2
Australia Albert Park
28 - Apr 30
Azerbaijan Baku City Circuit
5 - May 7
United States of America Miami International Autodrome
19 - May 21
26 - May 28
Monaco Monte Carlo
2 - Jun 4
16 - Jun 18
30 - Jul 2
Austria Red Bull Ring
7 - Jul 9
United Kingdom Silverstone
21 - Jul 23
Hungary Hungaroring
28 - Jul 30
25 - Aug 27
Netherlands Circuit Zandvoort
1 - Sep 3
Italy Monza
15 - Sep 17
22 - Sep 24
20 - Oct 22
United States of America Circuit of the Americas
27 - Oct 29
3 - Nov 5
Brazil Interlagos
17 - Nov 19
United States of America Las Vegas Street Circuit
24 - Nov 26
United Arab Emirates Yas Marina Circuit
See full schedule

Team profile

Show full profile
show sidebar