The Lotus Formula One Team is a big operation. Based in Oxfordshire, UK, it employs over 400 people.
The annual budget for competing in the 19 races on the F1 calendar is around $200 million (£130 million) to put 2 cars on the track.
But, their chief executive Matthew Carter tells me that this is much less than what the top teams are spending.
Lotus F1 is currently owned by Genii capital, a Luxembourg-based venture capital group. They brought in Carter to look at the team’s operation from more of a business than an F1 perspective … More
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