News Details
Renault bought back Lotus for one pound
French carmaker Renault bought back its former works team Lotus for a single British pound. That is the finding of F1 business journalist Christian Sylt, who wrote in the Telegraph that company documents show only 1 pound actually changed hands as Renault bought a 90 per cent stake in the Enstone based team. In the fallout of the so-called ‘crash-gate' scandal at the end of last decade, Renault had sold its formerly championship-winning works team to the private equity firm Genii. Sylt, writing with Caroline Reid, added that Genii recorded a $274 million loss between buying the team and selling it back to Renault just before Christmas. Genii has, however, now retained a 10 per cent...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Renault bought back Lotus F1 team for 1 British pound
French carmaker Renault bought back its former works team Lotus for a...
10y ago from ThisIsF1.com
Renault purchased Lotus for £1
Renault bought a 90% stake in the struggling Lotus F1 team for just...
10y ago from Pitpass.com
Renault takeover of Lotus F1 team now a done deal
Renault have completed their takeover of the Lotus Formula One team and...
10y ago from GrandPrix247.com
Abiteboul says no fantastic results for Renault early...
Renault's F1 chief has joined 2016 driver Jolyon Palmer in playing down...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP eliminates wildcard riders from 2027 season
No description available...
2h ago from Motorsport.com
CFMoto ‘fully committed’ to supporting potential...
CFMoto Aspar team boss Jorge Martinez says the Chinese manufacturer is...
4h ago from MotorsportWeek.c...
How MotoGP’s energy drink landscape could shift
No description available...
6h ago from Motorsport.com
Keeping Fabio di Giannantonio at VR46 'Plan A', admits...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher shares injury update after breaking...
No description available...
4h ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
2h ago from MotorsportWeek.c...
Rookie Caio Collet fastest in two-day Indy 500 open...
The NTT IndyCar Series held its traditional two-day open test for the...
20h ago from MotorsportWeek.c...
Rookie Caio Collet tops last day of Indy 500 Open Test...
No description available...
20h ago from Motorsport.com
Popular On TotalWRC.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
1d ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
1d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
1d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal target two game-changers in huge 250 million...
Arsenal are preparing for a busy transfer window, and they have identified...
25m ago from CaughtOffside.com
Arsenal target 35m-rated UCL semi-finalist with 21 G/A...
Serge Gnabry has been an outstanding performer for Bayern Munich since...
2h ago from CaughtOffside.com
Atleti boss Diego Simeone provides Julian Alvarez...
Atletico Madrid will face Arsenal in the UEFA Champions League semi-finals...
2h ago from SportsKeeda.com
Paul Merson predicts Manchester United vs Liverpool...
I went to the Premier League game at the Emirates last weekend and I could...
3h ago from SportsKeeda.com
Comments
Hottest News
F1 star tells Ferrari he wants to replace Lewis Hamilton
A current F1 star has revealed that they are... Read More »
2h ago from GPFans.com
Cadillac set for first major upgrade package in Miami
Cadillac is banking on taking a decisive step... Read More »
1h ago from F1i.com
Colapinto ‘not happy’ - fires back after Bearman's...
On the eve of Formula 1’s reprise in Miami, a... Read More »
25m ago from F1i.com
