What the future holds for Lola
Howard Dawson, the Peer Group/Lola managing director, recalls his experience of Lola's work and the motorsport heritage it created
Shortly after I joined Martin Birrane's Peer Group in May 1997 he made a call to Eric Broadley, having heard Lola was in trouble. Eric said things were OK, but shortly afterwards it was announced Lola Cars had gone into administration.
Martin put in an indicative bid to buy the assets of Lola Cars and the administrators initially dismissed it. They spent the next six weeks going through the management buyout option and the dreamers and no-hopers, and ended up coming back to Martin in July 1997. The deal was completed on September 23 '97.
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