Vital F1 | Hulkenberg set to beat Maldonado to Lotus seat
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

Hulkenberg set to beat Maldonado to Lotus seat

Nico Hulkenberg finally looks set to replace Kimi Raikkonen at Lotus.

Williams driver Pastor Maldonado had threatened to take the seat at Lotus, such is the power that the Venezuelan holds thanks to his reported £30million-a-year sponsorship from Venezuelan state oil company PDVSA.

The current Williams driver appeared to have his pick of teams for 2014 while Lotus looked to be struggling to secure a crucial investment deal with Quantum Motorsports.

Those in the paddock were all of the thought that Lotus had agreed driver deals with both Nico Hulkenberg and Pastor Maldonado, with Lotus going for the talented German if the investment deal with Quantum Motorsports was concluded, whilst plan B was to take the money from signing Maldonado.

Thankfully for Hulkenberg and Formula One in general, as seeing a seat at one of the top teams in the sport put up for auction can hardly be viewed as a positive, Quantum Motorsports, a consortium of business types from the United States of America, Abu Dhabi and Brunei are now close to agreeing a deal to purchase 35% of Lotus Genii Capital.

'There is no question the deal is definitely happening. It has now been completed from our side,' Head of the Quantum Motorsports consortium Mansoor Ijaz told the BBC.

'Our deal is to buy 35% in newly-issued shares. We are essentially diluting Genii Capital. The options do allow us in a fixed amount of time to take control of the team later on.

'We're going to clear off the debt, and then we're going to bring very high quality sponsors which you'll see very soon. Those sponsors will give us the longevity and capacity to compete at the top end of the business for a long time.'


Quantum Motorsports also intend to the money owed to outgoing driver Kimi Raikkonen and other members of the team.

Raikkonen went public over the money owed to him by the team, with clear details of the debt made public during the Abu Dhabi Grand Prix weekend.

Kimi is yet to be paid in 2013, with £6.7million owed from his basic salary and £42,000 per point in bonuses also owed. That brings the grand total to £14.5million this year alone.








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Monday November 4 2013

Time: 11:15AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

Sympathy for Kvyat? (Thursday July 20 2017)

Vettel plays down Silverstone swing (Wednesday July 19 2017)

Hamiltonís takeover (Tuesday July 18 2017)

Blog: British GP Report (Monday July 17 2017)

2017 British GP - Race (Sunday July 16 2017)

Blog: Silverstone Qualifying (Sunday July 16 2017)

2017 British GP - Qualifying (Sunday July 16 2017)

2017 British GP - FP3 (Sunday July 16 2017)

2017 British GP - FP2 (Friday July 14 2017)

2017 British GP - FP1 (Friday July 14 2017)

Who will win the British Grand Prix? (Thursday July 13 2017)

Blog: Silverstone Preview (Wednesday July 12 2017)

Blog: Austrian GP Report (Monday July 10 2017)

2017 Austria GP - Race (Sunday July 9 2017)

Blog: Red Bull Ring Qualifying (Saturday July 8 2017)

2017 Austria GP - Qualifying (Saturday July 8 2017)

2017 Austria GP - FP3 (Saturday July 8 2017)

2017 Austria GP - FP2 (Friday July 7 2017)

2017 Austrian GP - FP1 (Friday July 7 2017)

Blog: Red Bull Ring Preview (Thursday July 6 2017)

Hulkenberg sets sights on 2018 (Wednesday July 5 2017)

Who will win in Austria? (Monday July 3 2017)

The Force is not with India (Thursday June 29 2017)

Lauda and Wolff on Vettel (Wednesday June 28 2017)

Hamilton and Ricciardo slam Vettel (Tuesday June 27 2017)

Blog: Azerbaijan GP Report (Monday June 26 2017)

2017 Azerbaijan GP - Race (Sunday June 25 2017)

Blog: Baku Qualifying (Saturday June 24 2017)

2017 Azerbaijan GP - Qualifying (Saturday June 24 2017)

2017 Azerbaijan GP - FP3 (Saturday June 24 2017)

2017 Azerbaijan GP - FP2 (Friday June 23 2017)

2017 Azerbaijan GP - FP1 (Friday June 23 2017)

Blog: Baku Preview (Thursday June 22 2017)

F1 too boring for Malaysia (Wednesday June 21 2017)

Who will win in Baku? (Monday June 19 2017)

Kvyat rant at 'circus' stewarding (Thursday June 15 2017)

Merc hit Ferrari with heavy blow (Tuesday June 13 2017)

Blog: Canadian GP Report (Monday June 12 2017)

2017 Canada GP - Race (Sunday June 11 2017)

Blog: Montreal Qualifying (Sunday June 11 2017)

2017 Canada GP - Qualifying (Saturday June 10 2017)

2017 Canada GP - FP3 (Saturday June 10 2017)

2017 Canada GP - FP2 (Friday June 9 2017)

2017 Canada GP - FP1 (Friday June 9 2017)

Formula One season set to expand (Thursday June 8 2017)

Blog: Montreal Preview (Tuesday June 6 2017)

Who will win in Canada? (Monday June 5 2017)

Youngster set to return to F1 (Friday June 2 2017)

Mercedes war with Ferrari not over (Wednesday May 31 2017)

All talk on Ferrari (Tuesday May 30 2017)

Blog: Monaco GP Report (Monday May 29 2017)

2017 Monaco GP - Race (Sunday May 28 2017)

Blog: Monaco Qualifying (Saturday May 27 2017)

2017 Monaco GP - Qualifying (Saturday May 27 2017)

2017 Monaco GP - FP3 (Saturday May 27 2017)

2017 Monaco GP - FP2 (Thursday May 25 2017)

2017 Monaco GP - FP1 (Thursday May 25 2017)

Blog: Monaco Preview (Wednesday May 24 2017)

Who will win in Monaco? (Monday May 22 2017)

Blog: Spanish GP Report (Monday May 15 2017)

2017 Spain GP - Race (Sunday May 14 2017)

Blog: Barcelona Qualifying (Saturday May 13 2017)

2017 Spain GP - Qualifying (Saturday May 13 2017)

2017 Spain GP - FP3 (Saturday May 13 2017)

2017 Spain GP - FP2 (Friday May 12 2017)

2017 Spain GP - FP1 (Friday May 12 2017)

Blog: Barcelona Preview (Thursday May 11 2017)

Who will win in Spain? (Monday May 8 2017)

Track upgrades for Montreal (Wednesday May 3 2017)

Blog: Russian GP Report (Monday May 1 2017)

2017 Russia GP - Race (Sunday April 30 2017)

Blog: Sochi Qualifying (Saturday April 29 2017)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. DJ 1155
2. Red5 1119
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 601
6. Druss_the_Legend 588
7. Push The Button 503
8. col8 334
9. The Intimidator 210
10. VanGisbergen2013 167

Current Site Poll (view all polls)

Who will win the British Grand Prix?
Bottas 3%
Vettel 35%
Ricciardo 0%
Hamilton 42%
Raikkonen 5%
Verstappen 15%
Someone else 0%