Date: 12th August 2013 at 9:32am
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Lotus chairman Gerard Lopez has categorically denied reports linking the teams factory staff with a strike.

The Lotus team have been dogged by numerous stories and reports suggesting that the team are struggling financially.

The Lotus team who are owned by Genii Capital, after they purchased the team from Renault in 2009 are ?120 million debt, however the majority of that figure is made up from shareholder loans.

One recent report that had been buzzing around the paddock had been that driver Kimi Raikkonen had gone seven months without pay, whilst the most recent report suggested that factory staff had not been paid and due to this they were threatening to go on strike.

‘On the ?120 million debt, anybody half-smart can find out that number by going to Companies House records and will see that out of that, over 90 million is not ‘real’ debt but shareholder loans made to the company,’ Lotus F1 team chairman Gerard Lopez told Autosport Magazine.

‘The salaries have always been paid on time and there has never been even a hint of a potential strike by our people at the factory.

‘We usually don’t comment on these things, but in this case it’s unfair on the people working in the company to be saying things like that.’


 

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