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Lotus set to finalise investment from Quantum
Tuesday 15th October 2013, 18:13 by TF1T Staff
© Lotus F1 Team, LAT Photographic
The Lotus F1 team looks set to finally complete an investment package it's been working on for several months, which will provide it with much needed funding.
The deal, announced in June with Infinity Racing, will see the partners take a 35 per cent stake in the Enstone outfit for an undisclosed figure.
The partners have now renamed their company to Quantum Motorsports in a bid to stop confusion between themselves and Infiniti - a Japanese car manufacturer which sponsors Red Bull.
The final pieces of the deal are expected to fall into place in the next two weeks before the Lotus and Genii board sign off on the package.
"I have to wait for the board to decide," confirmed team principal Eric Boullier. "Everything appears to be edging in the right direction, but until it is all signed and confirmed we will see."
With additional investment, Lotus are likely to sign Nico Hulkenberg to replace the outgoing Kimi Raikkonen who left because of financial concerns.
However several others including Pastor Maldonado, Felipe Massa and McLaren youngster Kevin Magnussen remain in the running.
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