New co-owner for Lotus team

502 views

Infinity Racing is comprised of private investors.

Jun.19 (GMM) Genii has sold 35 per cent of its Enstone based Formula One team Lotus to an investment consortium.

Kimi Raikkonen, Lotus F1 E21
Kimi Raikkonen, Lotus F1 E21

Photo by: XPB Images

According to a press release, Infinity Racing is comprised of private investors including an American hedge fund manager, an Abu Dhabi-based business group and royal family interests of a major oil-producing nation.

Lotus said Genii Capital, formerly the 100 per cent team owner, will retain a 65pc controlling stake, with Gerard Lopez remaining chairman of the Eric Boullier-led team.

"As the team's 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," said Genii chief executive Eric Lux.

Write a comment
Show comments
About this article
Series F1
Article type Breaking news
Tags boullier, genii, infinity racing, lotus, lux

User photos

Tim Holmes
F1

Tim Holmes

25 photos
EuroRacer
F1

EuroRacer

38 photos
Evan_DeCiren
F1

Evan_DeCiren

27 photos
jimmykwoods
F1

jimmykwoods

2 photos
nickmossdesign
F1

nickmossdesign

1 photos
EricDebris
F1

EricDebris

411 photos
hanmerdesign
F1

hanmerdesign

7 photos
darkcloud154
F1

darkcloud154

22 photos
Upload photo