43 replies to this topic

[D.M.N.]

Jon Noble ‏@NobleF1 7m
Genii has sold a 35% stake in the Lotus team to new investor Infinity Racing. Story soon
3:27 PM - 18 Jun 13

A lawsuit with Red Bull coming up soon... who is the real Infinity?

....

[Owen]

Jon Noble ‏@NobleF1 7m
Genii has sold a 35% stake in the Lotus team to new investor Infinity Racing. Story soon
3:27 PM - 18 Jun 13

A lawsuit with Red Bull coming up soon... who is the real Infinity?

....;)

infiniti - red bull racing

[Woody3says]

Adam Cooper specifies it is NOT the "i" Infinity.......different entity

@adamcooperf1: Lotus F1 announces new investment from a consortium called Infinity Racing. Nothing to do with the other Infiniti!

http://t.co/PCHsCUlfgT

Edited by Woody3says, 18 June 2013 - 14:56.

[Sakae]

Who still wants to claim that Kimi is not with RBR?

[redreni]

So a team backed by one lot of vulture capitalists is being sold on to a different bunch of vulture capitalists? I'm struggling to care, to be honest. At least this lot can spell their own name.

Edited by redreni, 18 June 2013 - 14:51.

[Cacarella]

Great, so first we had to deal with this team using the 'Lotus' name while another team had already used it, now there's going
to be two Infinity teams?

They better not change their name!!

[muramasa]

at least spell is different this time

[Fastcake]

Well it's no secret Genii need more money to continue running the formula one team. Guess this is good for Lotus as it would bring funding into the team, but a shame it has to be another group of investors.

[Jovanotti]

Who still wants to claim that Kimi is not with RBR?

Well these rumours that Lotus wants to sell stake to get the money to retain Räikkönen have been around for a while now (for example here). If they manage to keep him, I doubt it.

[SpaMaster]

This is not sponsorship. This is selling stakes in the team. I expect the money to go to Genii Capital, not necessarily back to the racing team. Genii capital has put in lot of its own funds and they need to recover all that cash. This would help with that. If you want money for the team, that would come from sponsorship.

[Jovanotti]

We don't know - Genii could still invest the money from the sold stake in the team, and if it's only to increase the value of their remaining shares (i.e. increasing the value of the team through winning and/or retaining Kimi).

[SpaMaster]

^ Reinvesting money from sold stake is unlikely. That said, if a new investor comes and buys stake in the team, he may probably come with a plan to make a good business out of it - meaning some sponsorship money and getting more returns from it. It is an encouraging sign from that angle, but I don't believe it is money now as such for the team.

[turssi]

This is not sponsorship. This is selling stakes in the team. I expect the money to go to Genii Capital, not necessarily back to the racing team. Genii capital has put in lot of its own funds and they need to recover all that cash. This would help with that. If you want money for the team, that would come from sponsorship.

Selling stakes can bring money to the team. Look at the recent example at Force India, where Sahara came in.

[dau]

Who still wants to claim that Kimi is not with RBR?

They have nothing to do with Red Bull's Infiniti. According to Joe Saward, 60% of Infinty Racing belongs to Universal Sports Group LLC from Brunei, which seems to have ties to their royal family, 20% to Crescent Investment Management LLC, an NYC-based investment company headed by Mansoor Ijaz and 20% to Al Manhal International, an investment company from Abu Dhabi.

http://joesaward.wor...-into-lotus-f1/

[Jovanotti]

^ Reinvesting money from sold stake is unlikely. That said, if a new investor comes and buys stake in the team, he may probably come with a plan to make a good business out of it - meaning some sponsorship money and getting more returns from it. It is an encouraging sign from that angle, but I don't believe it is money now as such for the team.

Abu Dhabi and Brunei doesn't sound too bad in regard to money. Let's wait and see.

[DinocoBlue]

Doesn't Genii still owe Renault money from the loan that Renault gave them to buy the team? Guess they're welcoming the investment to pay of the debt.

[turssi]

Doesn't Genii still owe Renault money from the loan that Renault gave them to buy the team? Guess they're welcoming the investment to pay of the debt.

Which in turn will allow them to spend more on racing and less on financing charges and interest.

[Barabas]

They have nothing to do with Red Bull's Infiniti. According to Joe Saward, 60% of Infinty Racing belongs to Universal Sports Group LLC from Brunei, which seems to have ties to their royal family, 20% to Crescent Investment Management LLC, an NYC-based investment company headed by Mansoor Ijaz and 20% to Al Manhal International, an investment company from Abu Dhabi.

http://joesaward.wor...-into-lotus-f1/

Hmm so there's Brunei money behind this, interesting.
Have worked there for some years and really if the sultan gets into F1 he could build a world class F1 facility from his pocket change.

Wasn't Genii trying to sell (part of) the team for some time now?

[SpaMaster]

Abu Dhabi and Brunei doesn't sound too bad in regard to money. Let's wait and see.

Yes, as I said, from the new investors there is definitely some possibility for good things.

[Sakae]

They have nothing to do with Red Bull's Infiniti. According to Joe Saward, 60% of Infinty Racing belongs to Universal Sports Group LLC from Brunei, which seems to have ties to their royal family, 20% to Crescent Investment Management LLC, an NYC-based investment company headed by Mansoor Ijaz and 20% to Al Manhal International, an investment company from Abu Dhabi.

http://joesaward.wor...-into-lotus-f1/

Some guys have no sense of humor.

[packapoo]

So a team backed by one lot of vulture capitalists is being sold on to a different bunch of vulture capitalists? I'm struggling to care, to be honest. At least this lot can spell their own name.

They're carrying on with their vulture friends un-original thinking, probably hoping success by sucking at a name, too.

[Shiroo]

so next year:

Infinity Lotus Racing Renault

vs


Infiniti Red Bull Racing Renault

Awesome, lol.

[gm914]

Word is they're bringing in new manufacturer Rennow, and replacing their driver line-up with two guys named Seabass Chunvetell and Kimmie Rycomum.
The car will be designated 'Arby 10'.

[Owen]

Asked where he expected the team to be in 12 months, Chairman of Infinity Racing, Mansoor Ijaz added: "We'll be number one in 12 months. I say it simply, flatly, completely - we'll be number one in 12 months."

http://www.espn.co.u...rce=twitterfeed

confident then.

[dau]

Asked where he expected the team to be in 12 months, Chairman of Infinity Racing, Mansoor Ijaz added: "We'll be number one in 12 months. I say it simply, flatly, completely - we'll be number one in 12 months."

http://www.espn.co.u...rce=twitterfeed

confident then.

Is there a list of confident investment people announcing they're going to win the championship in X years, only to then disappear completely?

[Owen]

Is there a list of confident investment people announcing they're going to win the championship in X years, only to then disappear completely?

Indeed. Does smack of naivety.

[Sakae]

Asked where he expected the team to be in 12 months, Chairman of Infinity Racing, Mansoor Ijaz added: "We'll be number one in 12 months. I say it simply, flatly, completely - we'll be number one in 12 months."

http://www.espn.co.u...rce=twitterfeed

confident then.

If Kimi moves to RBR, who will win that No. 1 position for them? Webber? Hulk and/or Rosberg are the only rational hopes, despite that both drivers are unknown whether they can live under pressure in dying minutes of the season.

[turssi]

So by mid-June 2014 Lotus will be leading the WCC. Place your bets!

[Barabas]

Asked where he expected the team to be in 12 months, Chairman of Infinity Racing, Mansoor Ijaz added: "We'll be number one in 12 months. I say it simply, flatly, completely - we'll be number one in 12 months."

http://www.espn.co.u...rce=twitterfeed

confident then.

Well that's a bold statement
Haven't we heard similar talk by BAR-Honda, Toyota and even Spyker lol

Good luck to them but I wouldn't bet on it

[turssi]

I guess with 35% they might be able to bring in their own pilot. Are the people with the money managing someone with talent?

[artista]

1. Get sponsors = money
2. Get sponsors = money
3. Get sponsors = money

What sponsors? They've announced they have sold part of the team and not that they have new sponsors

[Shiroo]

What sponsors? They've announced they have sold part of the team and not that they have new sponsors

you took it out of context.

If you had three wishes for Lotus F1, would this exact thing have been on that list?

It was question about wishes. Not about what happened

[aray]

What sponsors? They've announced they have sold part of the team and not that they have new sponsors

it is indirectly related if it was done for the good of the team....sell stakes to reliable guys who have better connections to attract sponsors....but it could also be that they wanted some quick bucks and took the shortest route....

only future can tell whether they did bring right guys...

[Menace]

If Kimi moves to RBR, who will win that No. 1 position for them? Webber? Hulk and/or Rosberg are the only rational hopes, despite that both drivers are unknown whether they can live under pressure in dying minutes of the season.

If anything, this makes Kimi staying at Lotus more probable. They have sultan money backing now and Kimi can get his mega contract.

[Sakae]

If anything, this makes Kimi staying at Lotus more probable. They have sultan money backing now and Kimi can get his mega contract.

In a word - Toyota - I think sultan wasn't remained of history, and role that money can play, or let you down.

[muramasa]

modern corporate/product naming is just too generic.

how bout this, "Pegasus Racing" buys Williams, Toyota to supply engines and Google as title sponsor - Nexus Pegasus Lexus

not to mention Canon alone has Ixus (camera) and Pixus (Japan name for PIXMA printers)


oh and there're just too many xp__, exp__, ex__

[metz]

In a word - Toyota - I think sultan wasn't remained of history, and role that money can play, or let you down.

Sounds interesting - can you say this in English?

[Menace]

Sounds interesting - can you say this in English?

[SpaMaster]

In a word - Toyota - I think sultan wasn't remained of history, and role that money can play, or let you down.

Money is not the reason Toyota failed. Toyota failed in spite of money. Money can only be a good thing for Lotus. They have been the most overachieving team given how tight they are on money. Money is the one word many people have said that team needs.

[Sakae]

Money is not the reason Toyota failed. Toyota failed in spite of money. Money can only be a good thing for Lotus. They have been the most overachieving team given how tight they are on money. Money is the one word many people have said that team needs.

Hmm, I thought that's was I was saying.
People are wrong, when associating success with money alone. You also need an idea, as RBR proved to us regarding this successful union, whereas in contrast Ferrari has money, but perhaps is weaker on ideas.

[SpaMaster]

Hmm, I thought that's was I was saying.
People are wrong, when associating success with money alone. You also need an idea, as RBR proved to us regarding this successful union, whereas in contrast Ferrari has money, but perhaps is weaker on ideas.

Menace did not say money alone can get you success. But in the present F1 you definitely need money for success. This team has punched above its weight and has competed for the past two championships. If there is one team that needs money, it is this. Your 'all money, no brains' does not apply to this team, as they have already proved they have got competent brains. You think Toyota and Lotus have had comparable performances in recent times? If no, then what you say is not relevant here.

Edited by SpaMaster, 19 June 2013 - 18:50.

[Alfisti]

This team has punched above its weight and has competed for the past two championships.

They have done well but have never looked like winning any CC TBH.

[encircled]

Can somebody clarify me on this? I thought the deal was already done.

One of the key factors that will help Lotus pick the best talent available, rather than the best-funded drivers, is the financial boost that is expected to come from a link-up with new investors Infinity Racing.

Lopez said that discussions with the group were ongoing, although the deal had not yet been completed.

"It is progressing onwards; it also sits with us," he said. "We issued a statement because we had to; our group is a well-known group and we cannot just let things slip out.

"It is progressing and it is partially up to us to decide how we move forward."

http://www.autosport...t.php/id/108791

[michaelmyers]

Can somebody clarify me on this? I thought the deal was already done.


http://www.autosport...t.php/id/108791

That really does seem odd. I remember seeing news everywhere that the deal has been done. There's something really fishy about all this that's for sure.