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Lotus on cusp of being put into administration

Published on 15 Sep 2015 11:55
4
By: Rob Veenstra

Embattled Lotus' recent troubles are not over yet. With the Charles Pic saga that resulted in the seizure of the black and gold cars at Spa now reportedly resolved, deputy team boss Federico Gastaldi said ahead of Singapore that "What doesn't kill you makes you stronger".

But according to Italy's La Gazzetta dello Sport, more trouble is now brewing for the Enstone team, who are also on the cusp of being sold to Renault. Indeed, it is believed representatives of the French carmaker helped to bail out Lotus recently when the team appeared before the high court in London over unpaid tax bills.

Now, the case will resume on Friday, when track action is set to begin on the other side of the world in Singapore. The report said the London court will again hear HM Revenue and Customs' application to have Lotus' put into administration. "No one wants that to happen," team CEO Matthew Carter is quoted as saying. "We just need to ensure that everyone is paid."

And so the urgency of Lotus' talks with Renault is abundantly clear. "Certainly we would relish any opportunity to be a works team and welcome them back," said Gastaldi. "It would be fantastic for the sport and a mega-positive note for Enstone to see their return, but until any deal is signed, sealed and delivered we keep focused on our current tasks." (GMM)

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Replies (4)

calle.itw

Posts: 8,527
Poor Lotus, never quite works flawlessly for them.
- + 0
- Sep 15 2015 - 12:54
talktohenry

Posts: 362
Sadly - this will keep happening over the next few years until costs are controlled....
- + 0
- Sep 15 2015 - 13:46
- calle.itw
  
  Posts: 8,527
  Yeah, it feels like we'll lose either Force India or Sauber next year if this keeps going.
  + 0
  
  Sep 15 2015 - 14:54
khasmir

Posts: 893
And just whey they are having a pretty good season...
Hope they pull trough and Renault makes a decision soon and save the team.
- + 0
- Sep 16 2015 - 01:19