The future of Lotus in Formula 1 looks secure after investment group Quantum Motorsports said its deal to buy a 35 percent stake in the team was complete.
Head of the Quantum Motorsports consortium Mansoor Ijaz said that his company had now completed its side of the contract and now require final approval from team owner Genii Capital. It intends to buy its initial stake through a new share issue by majority owner Genii, which brought began its partnership with Lotus in 2010. “There is…
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