autosport.com
Search:
Find out more about our subscriptions
  AUTOSPORT+ LOGIN AUTOSPORT Plus  
Username:
Password:
F1 NEWS 

Lotus owner Genii Capital sells 35 per cent stake to Infinity Racing

Lotus E21 F1 2013Lotus owner Genii Capital has sold a 35 per cent stake in the team to new investor Infinity Racing.

After a long-running effort to find suitable partners, Genii boss Gerard Lopez has agreed that the Infinity Racing group - made up of private investors from America, Abu Dhabi and an unidentified oil producing nation - will take a minority shareholding.

Lopez will remain chairman of the Lotus team, with Eric Lux, who is CEO of Genii Capital, continuing on the team's board of directors.

Speaking about the move, Lux said: "As Lotus F1 team results have continued to improve every year, we have been waiting for the right investor who will help make the jump to the top spot in the constructors' championship.

"In Infinity Racing, we have found a partner with the right connections in addition to technological expertise and a global reach in major markets with key sponsors to achieve this goal.

"We look forward to working with Infinity Racing as we continue on this exciting journey."

Subs
  More news  
    advertisement
  RELATED LINKS
Read the AUTOSPORT Digital Edition
Visit the autosport.com shop
See highlights from 60 years of AUTOSPORT
  FOLLOW AUTOSPORT ON
FOLLOW AUTOSPORT ON TWITTER
Paddock insight from group F1 editor Jonathan Noble
Grand Prix news updates from F1 editor Edd Straw
Breaking news feed
Live commentary feed
  RELATED STORIES
Lotus poised to complete funding deal
Haymarket