Gerard Lopez feels confident for Lotus title sponsorship – Formula 1 news
Lotus team owner, Gerard Lopez feels confident that they have ample space for the title sponsorship after the termination of agreement with the sponsor Lotus Group.
Group Lotus had signed a seven-year agreement with Lotus to act as the title sponsor with a choice to acquire the team in the future. However, they are going through some financial crisis which provided that reason for the termination of the agreement.
Nevertheless, Lopez expressed that they have been successful in attracting some of the renowned sponsors for instance they have signed a contract with Unilever and Microsoft this year while he said that they have an extensive space for the sponsorship.
“When we changed the name from Lotus Renault to Lotus, it opened up the door for a title sponsor so, if you take into account the fact we signed Unilever, probably the biggest sponsorship agreement this year in F1, and we signed Microsoft, which is huge
news as it is a brand that has never been in F1 before, we have a wide space for sponsorship,” said Lopez.
Furthermore, he said that it will be best for the team if they get a chance to sign a sponsorship agreement as soon as possible.
“If we sign a title sponsor now, we will end up with a better cash flow situation than this team ever had before,” he said.
Besides, Eric Boullier, the team principal of Lotus has said that they have the capability to challenge the top teams which include McLaren, Red Bull Racing and Ferrari.
He also said that they should no longer be deemed as the second class team as they are very well equipped to fight for the front.
Nonetheless, he admitted that they do not have the budgets like the big teams. However, he said that it does not make a big difference.
It will be interesting to mention that Lotus have come up very well in this season with Kimi Raikkonen’s return as they have secured fifth place with 16 point in the constructors’ championship so far.
Moreover, Raikkonen has shown an impressive performance in the first two races of the season as he secured seventh and fifth positions in the first two grands prix of the season.
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