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Gerard Lopez faces tough times ahead.
The Lotus Formula One team has revealed it is £114 million in debt but insists their future participation in the sport is not in doubt.
Alarm bells started ringing towards the end of the 2013 season when Kimi Raikkonen pulled out of the last two races of the season because he had not been paid.
But team majority shareholder and Genii Capital co-owner Gerard Lopez told Germany's Auto Motor Und Sport magazine via BBC Sport that because most of the debt was internal, there is no immediate demand to repay the debts, and the team is safe.
We have around £114m of debt, of which more than £80m debt is with ourselves (Genii). Why would we demand the repayment of these (internal) debts? That makes no sense. We reconciled the money as marketing expenses. At the moment, it is important that the team goes forward.
Lotus had been hoping for an investment deal with Quantum Motorsport to materialise, freeing them up to recruit Nico Hulkenberg. But talks collapsed and the team instead decided to hire Pastor Maldonado, who comes with a reported £30 funding from Venezuelan state oil company PDVSA.
The budget gap from last season was again covered by us. The Quantum money never arrived. We have now killed the talks. For 2014, we will have at our disposal our new sponsor PDVSA's budget. We will not generate any new debt. Genii is still 98% owned by us.