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'Quantum deal still on the table'

Sunday 1st December 2013

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'Quantum deal still on the table'

'Quantum deal still on the table'

Quantum Motorsport's plans to invest in Lotus remain on track with talks reportedly taking place this weekend.

Earlier this year, Lotus announced that Quantum Motorsport would be purchasing a 35 per cent stake in the Formula One team, solving their immediate financial woes.

However, the deal has yet to come to fruition.

Waiting around, Lotus eventually signed Pastor Maldonado and his millions from Venezuelan state oil company PDVSA for next season.

Seen as a sign that the Quantum deal was over, Autosport is reporting that it is in fact still on the table.

According to the motorsport website, "it is understood that meetings are taking place this weekend between Quantum representatives and Lotus owners Genii Capital to finally sort out the situation.

"It is also hoped that the banking complications that have prevented the transfer of monies to Lotus' accounts can now be overcome soon to ensure the deal is complete."

The deal would now be a welcome boost to Lotus, adding the coffers that have already been bolstered by Maldonado's signing.

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