Breaking news
Formula 1
Lotus insists F1 future not under threat
Lotus insists there is no risk of it failing to see out the Formula 1 season, despite it facing a winding-up petition in the London courts later this month.
Luis Ramírez
Edited: Jul 8, 2015, 8:53 AM
Copy link
Share on Viber
A number of suppliers are chasing outstanding debts, and an original hearing that was set for Monday has now been delayed until July 20 while further negotiations take place.
Lotus deputy team principal Federico Gastaldi said that it was unfortunate the matter had got into the public domain, but made it clear that things were on their way to being resolved.
"We have a couple of suppliers and we are negotiating with them," Gastaldi told Motorsport.com at the FIA Sports Conference in Mexico.
"We have everything under control, but these things should not happen. It is unfair to families who work in the factory know that we have these problems.
"But we are in an unexpected situation in terms of paying our bills."
F1 finances the issue
Gastaldi claimed that Lotus' problems were a legacy of F1's finances as a whole not being good enough to look after all the teams on the grid.
He believes that the bigger outfits are focused solely on their own interests, which means no time is spent trying to work out how best to keep the grid sustainable.
"The problem is that the teams are not all in the same boat or have the same agenda," he said.
"These famous Strategy Group meetings have repeated the same agenda 15 times, and have not advanced a single centimetre because there is no agreement. It is a problem of structure.
"Ultimately, if the big teams want to only see Mercedes and Ferrari on the track then everyone else will have to go."
We want your opinion!
What would you like to see on Motorsport.com?
Take our 5 minute survey.
- The Motorsport.com Team
Read and post comments
Read also :
Share Or Save This Story
Copy link
Share on Viber
Previous article Bottas: Williams will learn lessons from Silverstone
Next article Tax hurdle key for Indian GP return
Top Comments
There are no comments at the moment. Would you like to write one?
View More & Comment
More from
Luis Ramírez
Pato O'Ward questions promoters in Mexico after IndyCar Barcelona race confirmation
IndyCar
IndyCar 14 d
Pato O'Ward questions promoters in Mexico after IndyCar Barcelona race confirmation
The 10 key moments that defined Sergio Perez's F1 career
Formula 1
Formula 1
United States GP
15 d
The 10 key moments that defined Sergio Perez's F1 career
Sergio Perez: Debut Cadillac season "without a doubt one of my best years"
Formula 1
Formula 1
United States GP
25 d
Sergio Perez: Debut Cadillac season "without a doubt one of my best years"
More from
Lotus F1 Team
The Lotus 72 was "an extension of my body," Emerson Fittipaldi reveals
Formula 1
Formula 1
Canadian GP
5 mo
The Lotus 72 was "an extension of my body," Emerson Fittipaldi reveals
Romain Grosjean turns 40 – here’s his career in 10 key moments
Formula 1
Formula 1 6 mo
Romain Grosjean turns 40 – here’s his career in 10 key moments
Ayrton Senna's 1986 Lotus F1 car hits auction for eight-figure estimate
Formula 1
Formula 1
Bahrain Pre-Season 2
8 mo
Ayrton Senna's 1986 Lotus F1 car hits auction for eight-figure estimate
Latest news
TV ratings released for NASCAR Cup season finale
NASCAR Cup
NAS NASCAR Cup
Homestead-Miami
3 h
TV ratings released for NASCAR Cup season finale
Chase Elliott's car chief leaves Hendrick for NASCAR Truck crew chief role
NASCAR Truck
NSTR NASCAR Truck
Homestead
4 h
Chase Elliott's car chief leaves Hendrick for NASCAR Truck crew chief role
“I was getting beat up” – How Daniel Ricciardo burned out on ‘humiliating’ F1 return
Formula 1
F1 Formula 1 8 h
“I was getting beat up” – How Daniel Ricciardo burned out on ‘humiliating’ F1 return
Feature
Discover prime content
Top 10 F1 cars of the 1970s
Formula 1
By Kevin Turner
Top 10 F1 cars of the 1970s
Subscribe and access Motorsport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
You have 2 options:
- Become a subscriber.
- Disable your adblocker.
Subscribe now Already subscribed? Sign in here
Already disabled your adblocker?
Reload page
Manage Alerts
Subscribe