Posted on November 4, 2013

Lotus’ long-awaited investment deal with Middle East/American consortium Quantum is nearing completion, according to the man leading the consortium. But scepticism remains in the F1 paddock about whether the deal will get done. It has been in limbo since it was announced in June. Mansoor Ijaz told reporters in Abu Dhabi on Sunday night that a contract is now in place for the group to buy a 35% stake in the team. They are now awaiting approval from the outfit’s owner Genii Capital. “There is no question the deal is definitely happening. It has now been completed from our side,” More…

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