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Christopher Bruce2013-01-08 14:52:19

Genii Capital Not Planning to Sell F1 Team

Last year's success mean's the team will survive

 
 
Slideshow
Lopez is the owner of Genii Capital and the owner of the team

Genii Capital, the owner for the LotusLotusLotusUnited Kingdom, 1952 > present68 models
955 photos
7 videos
F1 Team, no longer has any plans to sell any part of the team after last year's success.

Genii Capital owner, Gerard Lopez, says that he considered selling the team last year and even had negotiations with potential investors, but after finishing fourth in the Constructors' World Championship, and Kimi Raikkonen taking third in the Drivers' World Championship, Lopez has changed his mind. 

"When we bought the team we had 75 per cent of the shares, and then we moved to 100 per cent. But we have always said that, if there are investors who want to enter with some shares, we are ready," said Lopez.

Lotus appears to be an up-and-coming team. It performed well last year, and signed a sponsorship deal with Coca-Cola for its Burn energy drink sponsorship next season. Lopez also says that the team is negotiating with aerospace company Honeywell for sponsorship in the near future. 

The team already had a good stable of drivers, especially if Romain Grosjean is able to improve his starts next season. The larger sponsors should allow the team to invest more in the car next season and at least keep up with the growing MercedesMercedes-BenzMercedes-BenzGermany, 1924 > present197 models
9897 photos
33 videos
team. 

Source: Autosport

Encyclopedia
LotusLotus
E20E20
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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