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F1: Ex-Lotus team slashes debt

Formula 1

F1: Ex-Lotus team slashes debt

By alley - Dec 10, 2015, 7:31 AM ET

The Lotus Formula 1 team has managed to wipe just over £56 million [$84.5m] from its debts for 2014.Following a protracted period of negotiations and due diligence regarding Renault's takeover, with principal contracts finally signed last week, the team is finally due to submit its 2014 accounts to Companies House...

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