News Details
Lotus avoids administration after Renault LOI
The Lotus Formula 1 team has avoided going into administration once more after a court adjourned its hearing following news that Renault would buy a majority stake in the squad. London's High Court had given Lotus until today to conclude a deal with Britain's tax authority, HMRC, over unpaid taxes. A judge on Monday adjourned the case once again, until December 7. The Reuters news agency reported that HMRC would be paid imminently and that did it not oppose the adjournment. Renault said in a statement on Monday that it had signed a letter of intent to purchase the Formula 1 team. "The signature of this Letter of Intent marks Renault's first step towards the project of a Renault Formula...
Full Story »
Full Story »
10y ago from Motorsport.com
0
You May Also Be Interested In...
Renault signs agreement for Lotus F1 purchase
Renault has signed a letter of intent to buy a controlling stake in the...
10y ago from SpeedCafe.com
Renault F1 signs letter of intent before Lotus court...
Renault F1 signs letter of intent before Lotus court date Posted On 28...
10y ago from ThisIsF1.com
Renault issues 'letter of intent' ahead of Lotus...
Renault has announced it has signed a letter of intent to buy a...
10y ago from Crash.net
Renault signs letter of intent with Lotus
– Renault has confirmed that it has signed a letter of intent with...
10y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Aprilia reveals 2026 MotoGP bike for Marco Bezzecchi...
No description available...
39m ago from Motorsport.com
Aprilia Racing presents 2026 MotoGP livery
Aprilia Racing kicked off 2026 by unveiling its newest MotoGP livery in...
29m ago from MotorsportWeek.c...
Valentino Rossi’s VR46 team launches 2026 MotoGP...
No description available...
1d ago from Motorsport.com
VR46 boss defends Franco Morbidelli after...
VR46 Ducati Team Manager Pablo Nieto has defended Franco Morbidelli...
21h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
18h ago from Motorsport.com
Escotto confirmed by Juncos Hollinger Racing for 2026...
No description available...
1d ago from Motorsport.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
4d ago from Motorsport.com
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dakar 2026, Stage 10: Mathieu Serradori wins as Nasser...
No description available...
1d ago from Motorsport.com
KTM star Daniel Sanders snaps collarbone while leading...
No description available...
23h ago from Motorsport.com
Popular On GunnersToday.com
'I would go absolutely ballistic' – Gyokeres...
Arsenal striker Viktor Gyokeres scored a much-needed goal in last night's...
49m ago from CaughtOffside.com
Report: Arsenal handed huge boost in attempts to make...
Arsenal could be presented with a rare market opportunity this summer,...
3h ago from FreshArsenal.com
“My pocket was empty the last year” - Arsenal...
Arsenal defender William Saliba said he is ‘tired’ of finishing the...
9m ago from SportsKeeda.com
Chelsea 2-3 Arsenal: A decent step towards the final
Match report – Player ratings – Arteta reaction – Video...
4h ago from Arseblog.com
Comments
Hottest News
Not a one-off: Hill sees multiple world titles for Norris
Damon Hill knows a thing or two about what it... Read More »
39m ago from F1i.com
Fernando Alonso receives fan backing to make major F1...
When will Fernando call time on his long and... Read More »
1h ago from RacingNews365.com
Lewis Hamilton’s F1 purpose has changed and Ferrari MUST...
Lewis Hamilton has seven drivers' championships... Read More »
1h ago from GPFans.com
