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Formula 1
Lotus F1 Owner Genii Capital Sells 35% Stake in Team
The new owner is a consortium of companies called Infinity Racing
Lotus
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F1 team owner Genii Capital has sold a 35% stake in the team to a consortium of investors that calls itself Infinity Racing. Gerard Lopez remains chairman of the team, and Genii Capital CEO Eric Lux remains on the board of directors
Infinity Racing is made up a consortium of investors from the United States, Abu Dhabi and the royal family of an unidentified oil-producing nation.
Genii Capital previously owned the entire time but has been rumored to be looking for investors since last season.
"This partnership will enable us to increase Lotus F1 Team’s competitive advantage related to KERS technology as it becomes more central to Formula 1’s push for environmentally sound racing, while also making Lotus F1 Team more marketable as a brand, opening up additional major sponsorship opportunities," said team chairman Lopez.
Source: Autosport
Encyclopedia Lotus E21 | Engine V 8 (90º vee) Displacement 146 cu in Top Speed -- Transmission 7, semi-automatic Maximum power 750 hp Type Single Seater Fuel Petrol Fuel consumption (combined) -- | price -- annual ownership cost -- |
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