Genii Capital owns the F1 team, Lotus Group its just a sponsor
This move is better for the team...
Here is the rest of that interview so you can see why:
Quote:
"When we changed the name from Lotus Renault to Lotus [for this year] it opened up the door for a title sponsor. So if you take into account the fact we signed Unilever, probably the biggest sponsorship agreement this year in F1, and we signed Microsoft, which is huge news as it is a brand that has never been in F1 before, we have a wide space for sponsorship.
"If we sign a title sponsor now, we will end up with a better cash flow situation than this team ever had before."
Lopez did not rule out the possibility of Genii Capital buying Group Lotus at some point in the future, with the Luxembourg-based company having held talks with Proton in the past.
"We don't know yet, because we really do not know what the new owner wants to do with it,"
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The truth is Group Lotus doesn't have the money to fund the team