Lotus Formula 1 team poised to complete major investment deal
Lotus boss Eric Boullier is optimistic that the team's long talked about deal with investors will be completed imminently
The partnership, which should give the Enstone-based Formula 1 outfit long-term financial security, has been worked on for several months.
But sources suggest that the final pieces of the deal will be put in place over the next few days, with confirmation of the plans expected later this month.
One change from the original plan announced in June, however, is that the new partners have renamed their company from Infinity Racing to Quantum Motorsports.
That revision came about to avoid confusion with Red Bull's title sponsor Infiniti.
Boullier said he was awaiting updates from his board but he was optimistic that good news was imminent.
"I have to wait for the board to decide," he said. "Everything appears to edge in the right direction, but until it is all signed and confirmed we will see."
Boullier has openly said that once the team's money situation is sorted then he will be able to finalise his 2014 driver line-up and sign a team-mate for Romain Grosjean.
If the team has a secure financial base, then its preferred option is Nico Hulkenberg, but Felipe Massa, Pastor Maldonado and Kevin Magnussen have also been linked with Lotus.
"Everything should fall in place soon, so once it does we will start to tick the boxes," added Boullier.
Previous article
Lewis Hamilton: Mercedes F1 team won't beat Red Bull again in 2013
Next article
Force India worried Sauber could beat it to sixth in F1 standings
About this article
| Series | Formula 1 |
| Teams | Team Lotus , Lotus F1 Team |
| Author | Jonathan Noble |
What the Spain result tells F1 about the next phase of the Mercedes/Red Bull title fight
OPINION: Lewis Hamilton and Mercedes have recovered from their pre-season woes to take three wins from the opening four races of 2021. But each time Red Bull and Max Verstappen have pushed them hard. So, what clues did the latest round of that battle – the Spanish Grand Prix – tease about the next stage of the season?
How Brabham’s one-hit wonder was boxed into a corner
The Brabham BT46B raced once, won once, then vanished – or did it? STUART CODLING reveals the story of the car which was never actually banned…
The changes Barcelona needs to provide a modern-day F1 spectacle
Formula 1’s visits to Circuit de Barcelona-Catalunya over recent years have been met with familiar criticisms despite tweaks here and there to the track to improve racing. With the 2021 Spanish Grand Prix largely going the same way, proper solutions need to be followed to achieve F1’s wider targets
Spanish Grand Prix Driver Ratings
Often described as Formula 1's laboratory, the Circuit de Catalunya-Barcelona gave the clearest demonstration yet of the pecking order in 2021. And it's the key discrepancies from that order which illuminate who is excelling, and who needs to hit the reset button
How Red Bull’s deja vu set Hamilton on the winning path in Spain
An aggressive first corner move from Max Verstappen appeared to have set the Red Bull driver on course for victory in the Spanish Grand Prix. But canny strategy from Mercedes - combined with the absence of Red Bull's number two from the lead group - allowed Lewis Hamilton to pull off a demoralising reversal
The toe-in-water origins of Lotus’s groundbreaking F1 journey
In the first part of our history of Lotus, DAMIEN SMITH recalls how Formula 1 wasn’t an immediate priority for team founder Colin Chapman – but once he got a taste for it he just couldn’t stop…
How Hamilton’s qualifying record compares to Senna and Schumacher
Lewis Hamilton has just become the first driver to record 100 world championship Formula 1 pole positions. Time to revisit a debate we discussed when he reached 150 front row starts in 2020.
Why sustainability is being mandated by F1
Continuing to be socially acceptable as public views shift globally is vitally important to the future of motor racing, says PAT SYMONDS - especially in Formula 1, the championship that represents the technological peak
