Lotus F1 sells 35 percent stake to Infinity

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Lotus F1 Team had been wholly owned by Genii Capital, but on Tuesday the Enstone-based squad announced a sale of 35 percent stake of the team to a new investor group called Infinity Racing Partners Limited.

Noting the spelling, this Infinity is not at all related to Infiniti, the car manufacturer that sponsors Red Bull. Infinity is, according to the Formula One official website, an investment consortium comprised of private investors from America, Abu Dhabi and royal family interests of an unnamed oil producing nation.

Lotus’ two top management members will retain their positions. Lotus F1 chairman Gerard Lopez will continue in that role and Eric Lux, CEO of Genii, will sit on the team’s Board of Directors.

“As Lotus F1 Team results have continued to improve every year, we have been waiting for the right investor who will help make the jump to the top spot in the Constructors’ Championship,” said Lux.

“In Infinity Racing, we have found a partner with the right connections in addition to technological expertise and a global reach in major markets with key sponsors to achieve this goal. We look forward to working with Infinity Racing as we continue on this exciting journey.”

It’s been a slight year of upheaval at Lotus. Earlier this year, the team’s technical director James Allison quit the team, but Kimi Raikkonen said shortly thereafter he thought they could weather the storm.

Rebellion confirms LMP1 return, all-star line-up for WEC super season

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Rebellion Racing has confirmed it will return to the LMP1 class of the FIA World Endurance Championship for the 2018/19 ‘super season’ with an all-star line-up featuring Le Mans winners Neel Jani and Andre Lotterer.

Rebellion raced in LMP1 as a privateer between 2009 and 2016 before stepping down to LMP2 for the most recent season, capturing the class titles at the first attempt.

Following a push from the WEC and Automobile Club de l’Ouest (ACO) to make LMP1 more appealing to privateer teams, Rebellion announced on Wednesday it would return to the premier class for the 2018/19 season with a two-car effort.

WEC LMP2 champion Bruno Senna will return with Rebellion next year, as will Mathias Beche, with the pair set to be joined by four new faces.

The most notable arrivals are Porsche factory drivers Lotterer and Jani, both of whom were left without an LMP1 drive following the closure of the German manufacturer’s program at the end of the season.

American racer Gustavo Menezes will also join Rebellion, stepping up after two years in LMP2, while outstanding 2017 rookie Thomas Laurent completes the Swiss team’s line-up.

“I am looking forward to coming back where my endurance career started nine years ago,” said Jani.

“Rebellion Racing played a huge role in my career and also helped me become a factory driver for Porsche. When Porsche stopped in LMP1, it was clear for me that I wanted to race again for Rebellion.

“With the new regulations, I hope we can reach the overall podium at Le Mans and with a bit of luck, maybe we can even grab some wins during the super season of WEC.”

“I am very happy to join the champion Rebellion team,” added three-time Le Mans winner Lotterer.

“The LMP1 project is very exciting and to be able to go on with the 24 Hours of Le Mans and the FIA WEC challenge is something I did not want to miss.

“I am motivated and looking forward to have a great time with great people there.”