Andy_Bangle Posted May 30, 2013 Report Share Posted May 30, 2013 Grosjean has gotta stop crashing his car! (and getting 10-place grid penalties) They reveal that in the year ending December 31 2012, the Oxfordshire-based team made a £56.8m after-tax loss due to reversing sponsorship revenues. Its net loss widened by £35.9m as revenue fell 19.8pc to £92.7m.No other F1 team filing publicly-available accounts has ever lost as much money. The closest is the £46.3m after-tax loss made in 2011 by Marussia, a team which was part-owned by Lloyds Banking Group until earlier this year. The Lotus accounts state that the drop in income was “mainly due to lower sponsorship revenues”. Lotus F1's £56m loss is motorsports biggest - Telegraph OT: Loving the Lotus F1 / Daft Punk tie-up. Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.