Formula 1

Lotus F1 record motorsport's biggest ever financial loss

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The Lotus team recorded the biggest publicly known loss for any F1 team in history last year after it was revealed the Enstone based team made an $86m loss for 2012.

"No other F1 team filing publicly-available accounts has ever lost as much money," said Formula Moneys Christian Sylt.

It's a bad sign for Lotus especially when their number one driver, Kimi Raikkonen, has been linked wit the second seat at Red Bull alongside Sebastian Vettel for 2014.

"That would be a shame for Lotus," F1 legend Alain Prost told Welt am Sonntag newspaper, "because he has done a great job for them. But it's his decision."

The news of this huge loss also comes after Romain Grosjean's tag of a crasher returned after crashing into the Monaco barriers four times over the weekend.

The final crash in the race will also hinder Grosjean at the next race in Canada after the Frenchman was given a ten-place grid drop for smashing into the back of Daniel Ricciardo's Toro Rosso exiting the tunnel.

"I think patting him on the head is not working anymore," said double world champion Mika Hakkinen. "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)."

However, Lotus were also left complaining about what they believed to be erratic driving from McLaren's Sergio Perez as the young Mexican's contact with Raikkonen as the pair battled into the chicane left Raikkonen with a puncture and dropped him down to 10th.

After the race the 2007 champion described Perez as an "idiot" and "stupid." when asked if he would talk to Perez about the incident he said: "No, that won't help".

Ferrari's Fernando Alonso was also left unhappy with the Mexican after the Spaniard was forced to give a position to Perez after being deemed to gain an advantage by cutting the chicane while fighting the young Mexican.

"Only McLaren has to be happy with him," he said having a jibe at his former team.

Indeed team boss Martin Whitmarsh was pleased with Perez after his attacking display, saying he believed the run-ins with Alonso and Raikkonen "happen in Monaco occasionally".

"I am happy with his spirit and his challenge," he said.

"You can over push sometimes but I think he did some great overtakes. I have got to be pleased that he is there, he is committed and racing," added Whitmarsh.


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This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

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