Lotus: Renault signs a letter of intent with Gravity

Renault issued a press release confirming “the signing of a letter of intent relating to the potential acquisition by Renault of a majority stake in the capital of Lotus F1 Team » with Gravity Motorsports, a subsidiary of Genii Capital currently owner of the Esntone team.

“The signing of this letter of intent marks the first step towards the project of a Renault team in F1 in 2016, thus continuing 38 years of the brand's commitment to the premier discipline of motor sports. Groupe Renault and Gravity Motorsports will work together in the coming weeks to transform this letter of intent into a definitive agreement, subject to all terms and conditions between them and with the stakeholders coming to fruition », said the press release.

The date of publication of this press release is not insignificant since Lotus F1 Team had until Monday September 28 to balance your financial situation with British justice. The High Court in London threatened to place the team into liquidation if it did not find a solution.