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.

Xtreme Outlaw Midget Series triples to 34 races in 2023

Xtreme Outlaw Midget 2023
Xtreme Outlaw Series
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After hosting 10 rounds in 2022, the Xtreme Outlaw Midget Series 2023 schedule will more than triple to 34 races. The 2022 season featured seven different winners in the first seven races, a female racer in Jade Avedisian as the only repeat winner and Zach Daum as the champion.

“Dirt Midget racing is a growing entity in American motorsports, and the Xtreme Outlaw Midget Series presented by Toyota is proud to drive further into the growth of the division with both a diverse and lucrative schedule for 2023,” newly appointed Series Director Tyler Bachman said in a press release. “From the kickoff at our first indoor event, to each of the new tracks we’re set to visit next year, it’s a lineup we know both our teams and fans will enjoy.”

The championship purse fund has also more than double with an increase of $42,000 to $80,000 in 2023. The champion will win $25,000. Last year, Daum pocketed $10,000.

In addition, the series will offer tow money to the top 12 in points. Six drivers attempted to qualify for all 10 races in 2022 with 89 drivers attending.

The series will begin on March 10 at Southern Illinois Center in Du Quoin, Ill. and end the same place it did in 2022 at I-44 Riverside Speedway in Oklahoma City on October 15.

During the season, they will visit 21 tracks in 10 states.

Some highlights of the season include the Xtreme Outlaw Midget Series pairing up with the World of Outlaws Sprint Cars in 2023 at Federated Auto Parts Raceway at I-55 in Pevely, Mo. in April for the Outlaw Showdown and again in August for the Ironman 55 weekend, as well as the creation of a five-day Midget Speedweek.

The Midget Speedweek will immediately follow the Ironman 55 with a swing through Pennsylvania and New York.

Xtreme Outlaw Midget 2023 Schedule

Friday, March 10 | Southern Illinois Center | Du Quoin, Ill.
Saturday, March 11 | Southern Illinois Center | Du Quoin, Ill.
Friday, March 31 | Farmer City Raceway | Farmer City, Ill.

Saturday, April 1 | Farmer City Raceway | Farmer City, Ill.
Friday, April 14 | Federated AP Raceway at I-55 | Pevely, Mo.
Saturday, April 15 | Federated AP Raceway at I-55 | Pevely, Mo.

Friday, May 5 | Humboldt Speedway | Humboldt, Kan.
Saturday, May 6 | 81 Speedway | Park City, Kan.
Tuesday, May 23 | Millbridge Speedway | Salisbury, N.C.
Wednesday, May 24 | Millbridge Speedway | Salisbury, N.C.

Thursday, June 1 | Tri-City Speedway | Pontoon Beach, Ill.
Friday, June 2 | Wayne County Speedway | Wayne City, Ill.
Saturday, June 3 | Wayne County Speedway | Wayne City, Ill.

Friday, July 21 | TBA
Saturday, July 22 | Southern Illinois Raceway | Marion, Ill.
Friday, July 28 | TBA
Saturday, July 29 | Atomic Speedway | Chillicothe, Ohio
Sunday, July 30 | Brushcreek Motorsports Complex | Peebles, Ohio

Friday, August 4 | Federated AP Raceway at I-55 | Pevely, Mo.
Sat, August 5 | Federated AP Raceway at I-55 | Pevely, Mo.
Tuesday, August 8 | Clyde Martin Memorial Speedway | Newmanstown, Pa.
Wednesday, August 9 | Action Track USA | Kutztown, Pa.
Thursday, August 10 | Linda’s Speedway | Jonestown, Pa.
Friday, August 11 | TBA
Saturday, August 12 | Bridgeport Motorsports Park | Swedesboro, N.J.
Friday, August 25 | Davenport Speedway | Davenport, Iowa
Saturday, August 26 | Davenport Speedway | Davenport, Iowa

Friday, September 1 | Paragon Speedway | Paragon, Ind.
Saturday, September 2 | Paragon Speedway | Paragon, Ind.
Friday, September 15 | Jacksonville Speedway | Jacksonville, Ill.
Saturday, September 16 | Red Hill Raceway | Sumner, Ill.

Friday, October 13 | Port City Raceway | Tulsa, Okla.
Saturday, October 14 | I-44 Riverside Speedway | Oklahoma City, Okla.
Sunday, October 15 | I-44 Riverside Speedway | Oklahoma City, Okla.

* Co-sanctioned with POWRi