Formula 1

Lotus financial struggle leave Raikkonen in limbo

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The future of Kimi Raikkonen at Lotus could depend on the Enstone-based team  overcoming severe financial problems, claims the German website motorsport-total.com.

Currently in the hunt for the 2013 title, Raikkonen lies second in the world championship 38 points behind leader Sebastian Vettel, however, speculation suggests development on the 2013 car could be close to an end as the team "struggles to survive" under a €120m debt.

Asked about finances at the Genii Capital owned team, leading Lotus engineer Alan Permane admitted: "We have not much more in the pipeline for 2013.
"What was planned has already been developed and will be used in the corresponding race," he added.

The current financial problems could play a key role in whether Lotus' star driver opts to stay at the team or move to Red Bull or possibly Ferrari.

In recent days Raikkonen has admitted he is still waiting to be paid by his Lotus team.

"This happened last year, now again so it is not ideal," said the 33-year-old.

The news of severe financial problems is interesting given an announcement in June that a consortium known as Infinity Racing had bought a 65% stake in the team but reports claim that deal is yet to be completed and is leaving Lotus, and Raikkonen, waiting for money.

"We are going to reorganise the financial process of the company," team boss Eric Boullier is quoted by the Finnish broadcaster MTV3. 
"We are expecting a large financial investment, which is part of the team's future plans.
"There may be some delays, but it will be repaired within a few days. It is part of the discussions and we will give Kimi all the answers," said the Frenchman.

Boullier was hopeful the financial woes would not be the catalyst for Raikkonen to leave the team with good offers from two other leading teams.

Asked how close a deal is, he insisted: "We are not very far from it.
 "The package that ensures the future of the company is completed slowly, but we'll get there.
"He will get all the answers and be able to take a decision within a few weeks."


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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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