Lotus money troubles not helped by Grosjean’s Monaco madness

Romain Grosjean had an expensive weekend at Monaco

Romain Grosjean had an expensive weekend at Monaco

Lotus has recorded the biggest financial loss in recorded motor racing history, according to Formula 1 business journalist Christian Sylt, while all is far from well with their two drivers.

A report in the Telegraph said the Enstone based team’s latest accounts show an almost $86 million loss for 2012, due to declining sponsorship.

“No other Formula 1 team filing publicly-available accounts has ever lost as much money,” said Sylt.

There could be more bad news around the corner for Lotus, amid continuing rumours top driver Kimi Raikkonen could jump ship to Red Bull at the end of the year.

“That would be a shame for Lotus,” Formula 1 legend Alain Prost told Welt am Sonntag newspaper, “because he has done a great job for them. But it’s his decision.”

At the same time, Raikkonen’s teammate Romain Grosjean is back in the wars, this time penalised ten places on the Montreal grid for crashing into Daniel Ricciardo on Sunday. Prior to that Grosjean crashed three times in two days of practice at the principality.

Eric Boullier with Kimi Raikkonen

Eric Boullier with Kimi Raikkonen

Double world champion Mika Hakkinen is not impressed.

“I think patting him on the head is not working anymore,” the Finn told MTV3 broadcaster. “Something is going to happen and I’m sure the team is thinking about what to do.”

Hakkinen’s former McLaren teammate David Coulthard agrees: “It just goes to show speed is not enough.”

“He’s done a lot of damage and I don’t think Lotus are flush with money,” he said on BBC television. “They don’t expect four crashes (in one weekend).”

Lotus, however, were also complaining about an erratic driver, following Sergio Perez’s feisty race in the McLaren. Raikkonen called the Mexican “stupid” and an “idiot” after their run-in at the chicane.

“Actually that (idiot) is a nice word compared with what he really said,” said team boss Eric Boullier. (GMM)

  • Not Bernie

    Probably the losses are down to having to pay Kimi so much more success bonuses than they could have possibly imagined!

  • Kimi4WDC

    Sutil or Hulkenberg along side Kimi next year would be nice. German market would make Lotus financially way more viable too!!!!!!

  • Tamburello_1994

    The best drivers deserve to be on top tier teams.

    If all the stars align just so, I don’t think it’s really a choice for Kimi.

  • Kimi4WDC

    Btw that loss is not as scary as it looks, they just finally decided to write off previously projected profits they would have been receiving from Lotus Group(last year, this and next).

  • CHL

    There was a Stock Car racing driver named George Tidd who drove the southern circuits in the 40’s and 50’s, Daytona, Darlington etc. before Nascar was even formed. “Crash Tidd” was one of the wildest men on 4 wheels of all time. He was infamous for being involved in spectacular crashes. It would seem that he has been reincarnated and is driving for Lotus! I think that Grosjean is definitely channeling Crash Tidd!!! Go Crash Tidd, but,please don’t take out Fernando or Kimi. Sebastian would be OK though.

  • Jack

    Bought a Lotus F1 beanie today for £20. That sale alone should see them through at least another four seasons right? Lol