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Lotus will compete in Italian Grand Prix

Lotus will compete in Italy despite that fact that they face the worst financial crisis ever. The team has already arrived in Italy and preparations ahead of this weekend’s Grand Prix have already began.

Lotus look set for merger with Renault

Lotus has an uncertain future ahead as bailiffs have already made moves to acquire assets, in order to pay off owed dept. The rumours are that Renault have made a move to ‘bail out’ the team in exchange for 65 percent of the company. Though no one is sure as to whether or not the offer has been accepted by Lotus and co-owner Genii Capital.

Things are so bad for Lotus that Formula one Chief Executive, Bernie Ecclestone, personally covered the team’s wages last month, to ensure that the company could still function. He was quoted as admitting this fact in Tuesday’s issue of The Times Newspaper:

“I thought I should cover the wages of the people there to make sure they were all right and so that Lotus would at least get to Spa and, hopefully, to Italy,”

He went on to add:

“They really need to make progress with Renault now to make sure everything is OK.”

Lotus is expected to do well in Italy, despite their financial status. Romain Grosjean, came in third for the team in last month’s race in Belgium. He finished after Mercedes drivers Lewis Hamilton and Nico Rosberg. Speaking of how he believes lotus may fair in Italy, the Frenchman said:

“On paper, Monza should suit our car better than Spa so in theory a podium could be possible again, of course, we don’t know how our performance relative to our rivals will stack up until we get there, but I’m certainly going out for the strongest result possible, as I always do.”

Author Lisa Wood
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