Lotus F1 team's legal case adjourned again

Lotus has been granted an adjournment in its latest court case with HMRC, as uncertainty continues to surround the future of the team.

Renault is eyeing a potential takeover of the outfit to resurrect its works team, and it is understood the deal hinges on whether or not the French car manufacturer can earn increased commercial rights income from FOM.

So far, its efforts to earn what are known as 'historical bonuses' have not been successful, and it is understood that until it can put in place the right financial package any move to buy Lotus will not progress.

Lotus itself is facing financial difficulties, and faced another crunch hearing with HMRC over unpaid income tax and national insurance in the London courts.

A hearing earlier this month had been adjourned for two weeks, and at another hearing in London on Friday the judge once again agreed to delay a ruling.

It has been decided that the next hearing will take place on September 28, and the judge has warned that there will be no scope for another adjournment on that date.

The delay will give Renault more time to try to get its position sorted, because if a takeover of Lotus is given the green light then it can settle the outstanding amounts with creditors.

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About this article
Series Formula 1
Teams Lotus F1 Team
Article type Breaking news