Formula 1 is a sport famed for the huge sums of money tied up in it. And the latest Bernie Ecclestone debacle saw £60 million handed over earlier this month to get a bribery trial dropped.
However, it's not earnings but losses that mark out the Lotus F1 team, as it managed to lose a spectacular £64 million in the 2013 financial year according to its latest accounts – despite winning a race and coming fourth in the constructors' championship.
This announcement follows only days after Gerard Lopez, team co-owner, dismissed claims of financial problems at the team. A Forbes report claims that this loss results from inter-company loans and accrued interest, writes the F1 Times.
Accounts from the last financial year show Lotus' revenue holding steady at £92.6 million, while net losses jumped by around £10 million, thanks to interest payments, which rose from around £600,000 to a substantial £13.5 million – as loans to the company nearly doubled to a total of £125 million. Accounts for 2014 may show some slight improvement after the company sold off a 10 per cent stake in the business.