An investment consortium, Infinity Racing, has acquired a 35 per cent stake in the Lotus F1 Team for an undisclosed figure.
Infinity Racing – not to be confused with Red Bull’s title sponsor Infiniti – is comprised of private investors that include an American hedge fund manager, an Abu Dhabi-based multinational business group and royal family interests of a major oil producing nation.
Genii Capital will retain a controlling 65 per cent stake in the team and Genii co-founder Gerard Lopez will remain Chairman whilst Eric Lux, CEO of Genii Capital, will continue his role on the team’s Board of Directors.
Lopez believes the deal will strengthen the teams ability to compete at the front of the field.
“Infinity Racing’s principals have exceptional expertise and a proven strong track record in developing and delivering high quality technologies,” he said.
“This partnership will enable us to increase Lotus F1 Team’s competitive advantage related to KERS technology as it becomes more central to Formula 1’s push for environmentally sound racing, while also making Lotus F1 Team more marketable as a brand, opening up additional major sponsorship opportunities.”
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