Connect with us

2015 F1

Lotus F1 on cusp of administration



Lotus F1 on cusp of administration

Lotus F1 on cusp of administration

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)


Click to comment

2018 F1 Launch

F1 Testing Updates

Most Popular is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment. All Rights Reserved © 2017 Prime Sport Media