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Discussion Starter · #1 ·
Says Quantum chief Mansoor Ijaz about signing Nico Hulkenberg.

Quantum Motorsport is acquiring 35% stake in Genii Capital which owns the Lotus-Renalt F1 team. And, as a priority, he is urging Boullier to finalise a contract that will bring in Hulkenberg as replacement for the outgoing Kimi Raikkonen.

Investors Quantum Motorsports tell Lotus F1 team to sign Hulkenberg - F1 news - AUTOSPORT.com

autosport.com said:
Investors Quantum Motorsports tell Lotus F1 team to sign Hulkenberg
By Jonathan Noble Monday, November 4th 2013, 09:27 GMT

Lotus boss Eric Boullier has been told by the team's new investors to sign off a 2014 deal with Nico Hulkenberg.

After months of uncertainty about the status of a partnership with Quantum Motorsports, the man behind the consortium that is buying a 35 per cent stake in the team from Genii Capital revealed at the Abu Dhabi Grand Prix that the deal was now done.

And, as a priority, he is urging Boullier to finalise a contract that will bring in Hulkenberg as replacement for the outgoing Kimi Raikkonen.

Why Lotus must sign Hulkenberg

"We as incoming owners and shareholders have made it very clear what our preference is," said Quantum chief Mansoor Ijaz when asked by AUTOSPORT about next year's driver situation.

"I wish the transition had been smoother between Kimi and the next driver, who we believe will be Nico Hulkenberg, but sometimes in life things don't happen so clearly and as nicely as you would like them to."

When asked about the time frame for sorting out a Hulkenberg contract, Ijaz added: "That part is not for me to comment on.

"I can tell you the contract was prepared and ready to go.

"I know Nico is excited about doing this and I think it is a matter of a very short period before that is all finalised."

He added that Hulkenberg is a prospect with an exciting future.

"Nico is a man well within himself," he said. "He is an up-and-coming driver; he has fairly long [career] life span ahead of him.

"In every sport the athlete has a fixed life span and if he has five or seven years left in him, that is enough for him to rise the very top of the pack with a good car, good technology and a strong team behind him."
 

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Discussion Starter · #3 ·
Whether it remains Lotus, Renault or any other name for next season, I think this team should be able to compete more on a consistent basis. At the very least make it an interesting season with The champion Red Bull and the story lines that will undoubtedly unveil with Ferrari's Kimi & Fernando.
 

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Discussion Starter · #4 ·
Related news...

Quantum says its Lotus Formula 1 investment deal is done - F1 news - AUTOSPORT.com

autosport.com said:
Quantum says its Lotus Formula 1 investment deal is done
By Jonathan Noble Sunday, November 3rd 2013, 18:39 GMT

Romain Grosjean, Lotus, Abu Dhabi GP 2013

Lotus's long-term Formula 1 future received a major boost on Sunday night when investment group Quantum Motorsports said its deal to buy into the team was complete.

After a weekend when questions about Lotus's financial state emerged following Kimi Raikkonen's threat to not race because he had not been paid, major progress was made in the much heralded agreement.

Mansoor Ijaz, who is the head of the Quantum Motorsports consortium that includes Middle East investors, said that his company had now completed its side of the contract and just needed final approval from team owner Genii Capital.

"There is no question that the deal is definitely happening," he said, when asked by AUTOSPORT about the latest situation.

"I will even go out as far as to say that it has now been completed from our side in terms of what has to be done."

Quantum plans to buy a 35 per cent stake in the team through new shares issued by majority owner Genii.

There are also options for it to potentially take over the entire running of the team in the future, should Genii wish to scale down its involvement.

"We have options - I won't go into the details of those options - but the options do allow us in a fixed amount of time to take control of the team later on," Ijaz added. "We will do that in a way that is very co-ordinated with our partners at Genii."

APOLOGY TO RAIKKONEN

Ijaz revealed that the major investment deal will allow Lotus to pay off its debts, pay off suppliers – and also settle its pay dispute with Raikkonen.

As AUTOSPORT revealed earlier, Raikkonen has now reached a deal with Lotus to sort out his issues and will now race in the final two grands prix of the 2013 season.

Kimi Raikkonen

Ijaz said he was sorry for allowing the matter to get so out of hand after meeting with Raikkonen's manager Steve Robertson on Saturday night.

"We have apologised to Kimi," he said. "We intend to not only make sure that they are made whole, and then some, but we are intending also to compensate our employees and management team for having taken it on the chin from you guys [the media] in recent weeks."

Lotus has not yet officially confirmed the completion of the Quantum deal, but team principal Eric Boullier said on Sunday that he hoped an announcement could be made in the next 48 hours.

"I will not comment on this yet," he said. "I can't say anything yet. I think by Tuesday. I certainly hope so."
 

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Anthony
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Ijaz revealed that the major investment deal will allow Lotus to pay off its debts, pay off suppliers – and also settle its pay dispute with Raikkonen.
Whew... 'cause for a minute there he was thinking:

Competition event Personal protective equipment Photo caption Photography Motorsport
 

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Discussion Starter · #6 ·
Lol rotfl

It should probably have read, "Which I had more to pawn" :facepalm :D
 

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Anthony
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That's funny!
 
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