As early as next season, the historic and famous Lotus name could be nothing more than a memory in the Formula One pit lane after years of controversy and money problems, as reported by Sky Sports.
This will happen if Renault succeed in their attempt to takeover the current Lotus F1 team. CEO Matthew Carter believes a deal will be finalised in the next few weeks, at which point the license that incorporates the team name will be terminated.
The new team will be known as Renault F1, a title also familiar in the pit lane with its own history of success.
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This does not mean we will not see a Lotus team on the grid in the future.
By terminating their license, they open up the opportunity for any other team to use the name Lotus, providing they pay for the permit. Likewise, there are no restrictions preventing current teams from purchasing the rights to use the British manufacturer's name.
Lotus is a brand synonymous throughout the history of Formula One. The team competing today has no affiliation to the original Team Lotus that was founded back in 1952 and went on to dominate the sport through the 60's and 70's.
Unfortunately - for such a successful team - they struggled competitively and financially after their founder Colin Chapman passed away in 1982. The team eventually folded 12 years later, after an extremely rich and successful racing career which yielded seven Constructors' Championships and six Drivers' World Championships.
Such a rich history has arguably been somewhat tainted for fans as the modern Lotus team have made headlines for all the wrong reasons since their return in 2010.
Whether it be regarding their financial woes, poor race results or the constant legal battles.
The Lotus name should be left in the past where it belongs so no one can ride on its successful name and taint it further.
As far as the team's future is concerned, it is understood Renault will announce the takeover is complete at the final race of the season in Abu Dhabi.