Lotus F1 team lost £57m prior to Renault takeover

That represents a massive change from 2014, when the company lost £5.8m. The Enstone team operated under its previous identity until almost the end of the 2015 calendar year, as the deal to sell it to Renault subsidiary Grigny (UK) Limited was completed on December 18, for a consideration of £1. The name was formally changed to Renault on February 3. Last year, turnover fell by £36.3m ... Keep reading