As previously written on this blog, the Lotus F1 Team sponsorship deal with Group Lotus has been terminated and Proton, the owner of GL, has stepped in to loan the team £30m. The guarantee is, that if this loan is not repaid within five years, Proton takes over everything.
Leaked documents, which I will show in their entirety here, show exactly how the loan is made up, and how it must be repaid. It also offers details on every single piece of equipment the team has, this also includes all machinery, all show cars, the plant itself, the land surrounding it, work-in-progress, down to every single bolt and nut being manufactured as you read this.
As if this is not juicy enough for the hard core F1 fan, a fifth document reveals the property valuation as of October 2010, the payments for the simulator, the cost and value of the show cars, and also gives detailed descriptions on every single piece of equipment, the team uses, down to measuring machines, electro microscopes, milling machines, autoclaves, test rigs and much more.
Below are the five four pages relating to the loan itself, and the fifth is the detailed description.
Page 5 Remember to rotate the document, when you read it.
