Vital F1 | Lotus deal to be done 'next week'
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

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

Lotus deal to be done 'next week'

The Quantum Motorsport deal to purchase 35% of the Lotus team could be completed within days.

Quantum Motorsports is a consortium of business types from the United States of America, Abu Dhabi and Brunei who are now close to finalising the deal which has been agreed with Lotus owners Genii Capital.

The deal should ease Lotus ongoing financial fears, with an immediate cash input for the team and impending major sponsorship agreements.

It should also mean that Lotus can capitalise on the availability of Sauber's Nico Hulkenberg. The German driver, who is one of the highest rated drivers on the grid, narrowly missed out on a drive at Ferrari for next season and has been in talks with Lotus for a number of months.

Following the USA Grand Prix, head of Quantum Mansoor Ijaz and Lotus Team Principal Eric Boullier spoke to Sky Sports commentator Martin Brundle and he asked the important questions regarding the finance deal it was bringing the team and whether or not that would mean a drive for Nico Hulkenberg.

'We're going to make that part of it happen in terms of making sure he [Boullier] gets enough money. One of the things I did over the past three weeks while things kept on getting slowed down was we put other opportunities that we had in place to go ahead and fund,' Ijaz said.

'So in fact we may bring a lot more money to the table than we initially anticipated just to make sure that the back stop behind the team to keep it going for a very long time. That's part one, just to buy into the team.

'The second part is the sponsorships that we're going to bring. Now no sponsor's going to come on board from our side until they know that the share purchase part of the occasion is complete. But when that's complete then those sponsorships will come pretty quickly - and they're major sponsorships we're talking about, they're not small sponsorships.'


It's easy to assume that if Hulkenberg does sign for Lotus, then the sponsorships brought to the table from Quantum have to be pretty hefty, because Pastor Maldonado is backed by Ä30 million-a-season in sponsorship from Venezuelan state oil company PDVSA and with him already quitting Williams for next season, Lotus will have to be pretty certain if they are to pass up that particular cash cow.










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 18 2013

Time: 1:00PM

 

Have Your Say

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

Recent Vital F1 Articles

A messy McLaren Honda divorce (Thursday September 21 2017)

Blog: Singapore GP Report (Monday September 18 2017)

2017 Singapore GP Race (Sunday September 17 2017)

Blog: Singapore Qualifying (Saturday September 16 2017)

2017 Singapore GP - Qualifying (Saturday September 16 2017)

2017 Singapore GP - FP3 (Saturday September 16 2017)

2017 Singapore GP - FP2 (Friday September 15 2017)

2017 Singapore GP - FP1 (Friday September 15 2017)

Red Bull duo looking forward to Singapore (Thursday September 14 2017)

Blog: Singapore Preview (Wednesday September 13 2017)

Who will win in Singapore? (Monday September 11 2017)

Ferrari embarrassed by home soil defeat (Thursday September 7 2017)

2017 Italy GP - Race (Sunday September 3 2017)

Hamilton breaks all-time record (Saturday September 2 2017)

2017 Italy GP - Qualifying (Saturday September 2 2017)

2017 Italy GP - FP3 (Saturday September 2 2017)

2017 Italy GP - FP2 (Friday September 1 2017)

2017 Italy GP - FP1 (Friday September 1 2017)

F1 Musical chairs starts and ends early (Friday September 1 2017)

Blog: Monza Preview (Wednesday August 30 2017)

Who will win in Italy? (Tuesday August 29 2017)

Blog: Belgian GP Report (Monday August 28 2017)

2017 Belgium GP - Race (Sunday August 27 2017)

Blog: Spa Qualifying (Saturday August 26 2017)

2017 Belgium GP - Qualifying (Saturday August 26 2017)

2017 Belgium GP - FP3 (Saturday August 26 2017)

2017 Belgium GP - FP2 (Friday August 25 2017)

2017 Belgium GP - FP1 (Friday August 25 2017)

Kimi gets new Ferrari contract (Thursday August 24 2017)

F1 Prediction Comp open for Belgium (Wednesday August 23 2017)

Who will win in Belgium? (Wednesday August 23 2017)

Blog: Spa Preview (Tuesday August 22 2017)

Is Formula E a threat to Formula One? (Wednesday August 16 2017)

F1 to introduce standardised parts? (Monday August 14 2017)

Sainz fake news (Saturday August 12 2017)

Hungaroring set for revamp (Wednesday August 9 2017)

Drivers mixed on Halo introduction (Monday August 7 2017)

Sauber ditch Honda for Ferrari (Thursday August 3 2017)

Blog: Hungarian GP Report (Wednesday August 2 2017)

2017 Hungarian GP - Race (Sunday July 30 2017)

2017 Hungarian GP - Qualifying (Saturday July 29 2017)

2017 Hungarian GP - FP3 (Saturday July 29 2017)

2017 Hungarian GP - FP2 (Friday July 28 2017)

2017 Hungarian GP - FP1 (Friday July 28 2017)

Halo will debut in F1 in 2018 (Friday July 28 2017)

Blog: Hungaroring Preview (Thursday July 27 2017)

Cosworth to return to Formula One? (Wednesday July 26 2017)

Who will win in Hungary (Monday July 24 2017)

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)

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 1170
2. Red5 1122
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 601
6. Druss_the_Legend 593
7. Push The Button 507
8. col8 334
9. The Intimidator 214
10. VanGisbergen2013 173

Current Site Poll (view all polls)

Who was at fault for Singapore crash?
Vettel 68%
Raikkonen 8%
Verstappen 16%
Racing Incident 8%