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.

Get your motor running: American Flat Track’s new season premieres Sunday on NBCSN

Photos courtesy American Flat Track
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If you like racing two-wheel style, make sure you catch the debut of a new multi-year TV broadcast deal featuring the American Flat Track motorcycle racing series on NBCSN.

The 18-round series debuts this Sunday at 2 p.m. ET on NBCSN with the season-opening race that was held at Daytona International Speedway on March 15.

Going forward, all 18 rounds of the series will be televised on NBCSN in highly-coveted weekend afternoon programming slots without two weeks of each event.

Last season, AFT drew nearly two million viewers on NBCSN with regular primetime coverage on Thursday nights.

This season, the one-hour, tape-delayed telecasts will be part of NBCSN’s regular weekend programing, following or preceding coverage of NASCAR, INDYCAR and Pro Motocross.

AFT is now in its 65th season, with two distinct classes: powerful, twin-cylinder rides in the AFT Twins presented by Vance & Hines division, and the competition in the 450cc AFT Singles division.

“We are very excited to kick-off our second season of AFT on NBCSN,” NBC Sports Group Senior Director of Programming Jeff Macaluso. “The 2017 season provided us with some incredible racing and showed us how passionate the riders and fans are of this historic sport.

“The move to weekends this year, around other marquis motorsports properties, is sure to raise the level even higher.”

Here’s the 2018 AFT schedule on NBCSN:

Round Track, Location Track Type Premiere Time (ET) Time (PT)
1 Daytona International Speedway, Daytona Beach, FL TT Sun, 3/25 2:00 PM 11:00 AM
2 Dixie Speedway, Woodstock, GA Short Track Sat, 4/14 5:30 PM 2:30 PM
3 Texas Motor Speedway, Fort Worth, TX Half-Mile Sun, 5/06 4:00 PM 1:00 PM
4 Calistoga Speedway, Calistoga, CA Half-Mile Sun, 5/20 12:00 PM 9:00 AM
5 Turf Paradise, Phoenix, AZ Mile Sat, 5/26 3:00 PM 12:00 PM
6 Cal Expo, Sacramento, CA Mile Sun, 6/03 2:00 PM 11:00 AM
7 Illinois State Fairgrounds, Springfield, IL Mile Sat, 6/09 5:00 PM 2:00 PM
8 Red Mile, Lexington, KY Mile Sat, 6/16 12:00 PM 9:00 AM
9 Remington Park, Oklahoma City, OK Mile Sat, 6/23 5:00 PM 2:00 PM
10 Allen County Fairgrounds, Lima, OH Half-Mile Sat, 7/07 2:30 PM 11:30 AM
11 Weedsport Speedway, Weedsport, NY Short Track Sun, 7/15 6:00 PM 3:00 PM
12 Buffalo Chip Campgrounds, Sturgis, SD TT Sat, 8/11 12:30 PM 9:30 AM
13 Black Hills Speedway, Rapid City, SD Half-Mile Sat, 8/18 2:00 PM 11:00 AM
14 Peoria Motorcycle Club, Peoria, IL TT Sat, 9/01 3:00 PM 12:00 PM
15 Illinois State Fairgrounds, Springfield, IL Mile Sat, 9/22 2:30 PM 11:30 AM
16 Williams Grove Speedway, Mechanicsburg, PA Half-Mile Sun, 9/23 5:00 PM 2:00 PM
17 Canterbury Park, Shakopee, MN Mile Sun, 10/14 5:00 PM 2:00 PM
18 Meadowlands Racetrack, East Rutherford, NJ Mile Sun, 10/21 2:00 PM 11:00 AM


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