Dec 23, 2013, 6:08 PM EDT
Lotus chairman Gerard Lopez (pictured) has told a Russian website that he believes most of the Formula One paddock is dealing with financial issues, declaring that “for 80 percent of the teams, their financial situation is no better than ours.”
The cost of doing business in the world’s most popular motorsport has become a very big problem to the smaller teams. A cost cap is set to debut in 2015, but considering the amount of spending that is done by the bigger teams like World Champion Red Bull, one may have the sense of “I’ll believe it when I see it” when it comes to that initiative.
This past year, Lotus was in the headlines for its money woes as they were for Kimi Raikkonen and Romain Grosjean’s exploits on the track. However, Lopez noted to F1News.ru that with the global economy still limping along, teams have been forced to abandon the usual investment/sponsorship route.
“I can go to potential investors and say ‘I want to sell millions of cars running on renewable energy and hybrid technology’ and they tell me ‘Wow! Let’s see what we can do!,” he said to the Russian site.
“But if I say that I want money for F1, to participate in one of the biggest sporting events in the world, you don’t get the same answer.”
And with that comes the side effect of choosing drivers on the amount of funding they bring to the table instead of on pure talent.
Lotus can certainly relate, as team principal Eric Bouiller has said that Pastor Maldonado’s extensive sponsorship played a role in him gaining their second race seat alongside Grosjean in 2014.
Aug 28, 2014, 8:22 PM EDT
While he’ll be returning to the familiarity of being in a race car and around fellow drivers and race fans Friday at Atlanta Motor Speedway after missing the last three races to grieve over the Kevin Ward Jr. tragedy, it’s almost as if Tony Stewart will be starting his career anew.
Aug 28, 2014, 7:40 PM EDT
First reactions from the NASCAR community are starting to emerge after today’s announcement.
Aug 28, 2014, 7:00 PM EDT
NASCAR AMERICA has more on the situation surrounding one of the Nationwide and Truck Series’ more prominent outfits.
Aug 28, 2014, 6:17 PM EDT
USA Today’s Nate Ryan calls in to NASCAR AMERICA to talk about the impact of the three-time Sprint Cup champion’s return this weekend at Atlanta.
Aug 28, 2014, 4:38 PM EDT
After missing the last three NASCAR Sprint Cup races following the tragic accident that claimed the life of 20-year-old sprint car driver Kevin Ward Jr. at an upstate dirt track, NASCAR star Tony Stewart will return to racing this weekend at Atlanta Motor Speedway.
Aug 28, 2014, 4:21 PM EDT
They don’t call it Hotlanta for nothing. As we get closer to Sunday’s Sprint Cup night race at Atlanta Motor Speedway, things are definitely heating up.
Aug 28, 2014, 3:30 PM EDT
“The Captain” and his crew have not celebrated an IndyCar Series title since Sam Hornish Jr. won it all in 2006.
Aug 28, 2014, 2:45 PM EDT
NBCSN coverage of the Verizon IndyCar Series’ title tilt at Auto Club Speedway begins Friday at 7 p.m. ET with qualifying, followed by the MAV TV 500 on Saturday at 9 p.m. ET.
Aug 28, 2014, 2:00 PM EDT
The three-time Indianapolis 500 winner gets another chance to finally capture an IndyCar Series crown this Saturday night at Auto Club Speedway (9 p.m. ET, NBCSN and NBC Sports Live Extra).
Aug 28, 2014, 1:00 PM EDT
Justin Wilson back at the track where he got injured a year ago, seeking to end 2014 on a high note.
Aug 28, 2014, 12:49 PM EDT
Could Tony Stewart’s three-week absence from NASCAR Sprint Cup racing in light of the Kevin Ward Jr. tragedy be coming to an end?
Aug 28, 2014, 11:00 AM EDT
Lewis Hamilton and Mercedes will wait to extend their deal until after the season ends.
Aug 28, 2014, 10:33 AM EDT
IndyCar banks a night of testing before this weekend’s MAVTV 500.
Aug 27, 2014, 11:03 PM EDT
It’s pretty simple and straight-forward what Jamie McMurray must do in the next two races if he has any hope of making this year’s expanded 16-driver field for the Chase for the Sprint Cup.
Aug 27, 2014, 6:19 PM EDT
On Wednesday’s edition of NASCAR America, Jeff Burton spoke with Rick Allen and Frank Stoddard about the spectacle of racing at Bristol and just how difficult Joey Logano’s victory at the half-mile oval was.
Aug 27, 2014, 6:11 PM EDT
NASCAR driver jeff Burton says there has been no word yet from Tony Stewart on whether the latter will return to the No. 14 Stewart-Haas Racing Chevrolet this weekend at Atlanta after missing the last three races due to the Kevin Ward Jr. tragedy, but it could be a last-minute decision.
Aug 27, 2014, 5:00 PM EDT
The NASCAR Camping World Truck Series’ Turner Scott Motorsports team was reportedly set to close; however, that appears to have changed.
WATCH LIVE: NASCAR AMERICA at 5 pm ET — Burton on replacing Stewart, Logano’s Bristol win, Atlanta look ahead
Aug 27, 2014, 4:11 PM EDT
Wednesday’s edition of NASCAR America will be chock full of looking back at Saturday’s race at Bristol, as well as starting our lookahead over the next three days for this Sunday’s night race at Atlanta.
Aug 27, 2014, 4:00 PM EDT
IndyCar will formally confirm the addition of New Orleans to its 2015 schedule later Wednesday.
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