Breaking news
Formula 1
Lotus owner committed to Formula One for now - Lopez
Will the news keep Kimi Raikkonen with the Lotus team next year?
GMM
Edited: Sep 4, 2013, 4:11 PM
Copy link
Share on Viber
Sep.4 (GMM) At least for now, team owner Gerard Lopez insists he is committed to Formula One.
In the past weeks, he has consistently played down the importance of the confirmed news that Lotus, the Enstone based team formerly known as Renault and Benetton, has debts of EUR 120 million.
He told Russia's f1news.ru that the actual number is not significant to Genii, the investment firm he leads.
So, asked if he is sticking with Formula One and with the name Lotus, Lopez answered: "I think so.
"I have already said that we will stay in Formula One as long as we are interested. That was the case two years ago, also last year, and nothing has changed.
"However, not everything depends on us. I cannot say what Formula One will be like in three to five years.
"Our interest depends a lot on whether we are among the best teams in the championship. To win, to fight the best -- this is our main motivation to stay," he insisted.
Indeed, he said Lotus cannot be compared to Mercedes or Ferrari, given that Genii "do not sell cars".
F1, for an investment firm, "is a platform, not an advertising space", said Lopez.
"Generally, having a Formula One team in itself is definitely not a project that can bring profits. For us it is enough that the team is just not unprofitable," he added.
For that reason, Lopez said, Lotus is not for sale.
"We do not hide that we are looking for partners, we talk about it openly, but we are not talking about a sale of the team. It's not the same thing," he insisted.
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 Formula One legend Andretti backs Ricciardo move
Next article Renault: Only way is up for Daniel Ricciardo
Top Comments
There are no comments at the moment. Would you like to write one?
View More & Comment
More from
GMM
The season is still very long - Rosberg
Formula 1
Formula 1
The season is still very long - Rosberg
Jules Bianchi's father speaks of family's continued hopes
Formula 1
Formula 1
Jules Bianchi's father speaks of family's continued hopes
Sauber under no illusions about constructors' position
Formula 1
Formula 1
Chinese GP
Sauber under no illusions about constructors' position
More from
Kimi Raikkonen
David Coulthard explains why Robin Raikkonen's rise resembles Max Verstappen's
Formula 1
Formula 1
Spanish GP
David Coulthard explains why Robin Raikkonen's rise resembles Max Verstappen's
On this day: Michael Schumacher wins… and stuns tifosi with F1 retirement
Formula 1
Formula 1
Italian GP
On this day: Michael Schumacher wins… and stuns tifosi with F1 retirement
Red Bull signs Kimi Raikkonen’s son as junior driver
Formula 1
Formula 1
Italian GP
Red Bull signs Kimi Raikkonen’s son as junior driver
More from
Ferrari
What the Brazilian GP revealed about F1's ability to cope with rain
Formula 1
Formula 1
Sao Paulo GP
20 h
What the Brazilian GP revealed about F1's ability to cope with rain
F1 2026 calendar update: Imola GP off the table, no plan B if war escalates
Formula 1
Formula 1
Sao Paulo GP
F1 2026 calendar update: Imola GP off the table, no plan B if war escalates
Latest news
Austin Cindric wins Ford Veterans Day Classic at Daytona
General
Misc General 2 h
Austin Cindric wins Ford Veterans Day Classic at Daytona
Kevin Harvick: NASCAR needs a Gen 7.5 car and 'some hard conversations'
NASCAR Cup
NAS NASCAR Cup
Homestead-Miami
3 h
Kevin Harvick: NASCAR needs a Gen 7.5 car and 'some hard conversations'
Frankie Muniz "a little sore," released from hospital after Daytona crash
General
Misc General 4 h
Frankie Muniz "a little sore," released from hospital after Daytona crash
Frankie Muniz transported to hospital after Daytona practice crash
General
Misc General 9 h
Frankie Muniz transported to hospital after Daytona practice crash
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