Will Lotus F1 survive?

Will Lotus F1 survive?

Author
Discussion

btcc123

1,243 posts

147 months

Wednesday 22nd July 2015
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My understanding is that two companies have taken Lotus to court and they have been paid.Apparently companies that are owed money by Lotus cannot take action together only individually so they will have about 12 different court judgements in the next few months.

They must be around 80 million Euros in debt and unless they get the prize money for finishing fourth in the championship I think they will go under.

Renault may buy Lotus or possibly Torro Rosso depending if Red Bull carry on with Renault engines or use the AM badged Mercedes engines.





The Hypno-Toad

12,282 posts

205 months

Wednesday 22nd July 2015
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If Bottas goes to Ferrari......

Hulkenburg back to Williams

Maldonado and his large cheque go to Force India.

Bernie & Mercedes clear Lotus debts as long as they take a certain Mrs Wolff as their number two driver.

Remember where you heard it first. sillysillysilly

But also remember how desperate Bernie is to shore up the ratings....scratchchin

Kickstart

1,062 posts

237 months

Saturday 25th July 2015
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Whilst I would love to see a lady driver in F1, I really don't see Susie Wolff (no disrespect intended) as being the right person - I remember her from Formula Renault and whilst she was quick, her fellow driver for Comtec was a good deal quicker and if we want to get more women interested in F1 having anyone other than a really competitive driver would not help the cause IMHO.

Given the dreadful economic problems in Venezuela and the low oil price there has got to be a good chance that Maldonado's backing does not continue for much longer.

VolvoT5

4,155 posts

174 months

Saturday 25th July 2015
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Would anyone notice if Lotus were gone? They are just floating around at the back not doing much at the moment.


Slyjoe

1,501 posts

211 months

Saturday 25th July 2015
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VolvoT5 said:
Would anyone notice if Lotus were gone? They are just floating around at the back not doing much at the moment.
The 300 odd people that work there, and the numerous others in the supply chain....


61GT

579 posts

180 months

Saturday 25th July 2015
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VolvoT5 said:
Would anyone notice if Lotus were gone? They are just floating around at the back not doing much at the moment.
No different from McLaren-Honda then.

ajprice

27,481 posts

196 months

Sunday 26th July 2015
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Lotus already have Carmen Jorda on the team, why would they bring in Susie Wolff?

Scuffers

20,887 posts

274 months

Sunday 26th July 2015
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ajprice said:
Lotus already have Carmen Jorda on the team, why would they bring in Susie Wolff?
neither of which have an F1 licence.

Smollet

10,573 posts

190 months

Sunday 26th July 2015
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ajprice said:
Lotus already have Carmen Jorda on the team, why would they bring in Susie Wolff?
Wolff is faster but that's not saying much. There are far better female drivers out there than these two.

Old Merc

3,492 posts

167 months

Sunday 26th July 2015
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Danica Patrick looks a lot more attractive (in overalls ?) than Maldonado. She could also bring in lots of $`s to the team? apparently she is quite good in Indy Car & NASCAR. I wonder what she could do in an F1 car?

Edited by Old Merc on Sunday 26th July 17:33

VolvoT5

4,155 posts

174 months

Sunday 26th July 2015
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61GT said:
No different from McLaren-Honda then.
Fair point, well be interesting to see what they can do today, supposedly a car rather than power track.

hairyben

8,516 posts

183 months

Sunday 23rd August 2015
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whats all this about lotus' cars at risk of being seized by baliffs/24hr guards etc?

Is there anything more to it than courts pandering to an nonentity having a rich kid tantrum cos he wasn't good enough to play race cars with the top kids?

Paddle Shift

11 posts

104 months

Sunday 23rd August 2015
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The rumour mill suggests that Bailiffs have already been at the factory and that various bits and pieces and have been seized and taken. With over 40 judgements against them now that's no surprise.

Renault needs to pull there finger out or maybe that's the plan. Let them go bust, buy them cheap and debt free from the Insolvency Practitioners.

ajprice

27,481 posts

196 months

Sunday 23rd August 2015
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Paddle Shift said:
The rumour mill suggests that Bailiffs have already been at the factory and that various bits and pieces and have been seized and taken. With over 40 judgements against them now that's no surprise.

Renault needs to pull there finger out or maybe that's the plan. Let them go bust, buy them cheap and debt free from the Insolvency Practitioners.
If that's the case will they survive the year as they are? If Renault did get them cheap would they see the year out as Renault-Mercedes instead of Lotus-Mercedes?

Weird stuff like that has happened before, like 'BMW Sauber Ferrari'

VolvoT5

4,155 posts

174 months

Sunday 23rd August 2015
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Does anyone know what the Lotus budget is compared to other teams?

They seemed to build decent cars on a shoe string in the not too distant past..... just imagine what they could do with an extra 20%..... it would put McHonda to shame for sure.

Nice to see them actually relevant again today.

Jasandjules

69,890 posts

229 months

Sunday 23rd August 2015
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Am I the only one who thinks their car costs and points lost due to Maldonado outweighs the money he brings?

Europa1

10,923 posts

188 months

Sunday 23rd August 2015
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sirtyro said:
Although the funds from Pastor must seem nice, is he hindering them from results that could bring in either a) more in prize money then he currently brings in sponsorship b) success that would attract a sponsor that would make them more like Williams and less like Caterham?
A very good question - he brings in what £30m they reckon? How much prize money would they get if they had 2 drivers regularly finishing in the points and finished higher up in the constructors' championship?

VolvoT5

4,155 posts

174 months

Sunday 23rd August 2015
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Europa1 said:
A very good question - he brings in what £30m they reckon? How much prize money would they get if they had 2 drivers regularly finishing in the points and finished higher up in the constructors' championship?
When Kimi was with the team 2012/13 they would have raked in the prize money due to his results, but somehow they still never had any money come end of 2013?

Doink

1,652 posts

147 months

Sunday 23rd August 2015
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Reported in autosport tonight that Renault held further talks with force India this weekend about a possible purchase

Chrisgr31

13,475 posts

255 months

Sunday 23rd August 2015
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Why would Renault buy Lotus with all their apparent debts when other teams are available? Especially with the complication over Lotus's engine deal with Mercedes?

Do the Lotus debts help the current owner in that they can be offset against profits made elsewhere?