The Lotus F1 Team transition back into the Renault F1 Team continues with the confirmation earlier this week that Eric Lux and Andrew Ruhan have left the company.
Eric Lux, a founding partner of Genii Capital, the previous owners of the Lotus F1 Team, took directorship with the team in 2010. His move away from the team further suggests Genii Capital’s future involvement in the team will be minimal. At this time there has been no indication over the future of Gerard Lopez, Genii Capital co-founder, with the Enstone based F1 team.
Andrew Ruhan, an entrepreneur finding success in the property sector, joined the team as an investor in a director position in 2013. He latterly became a partner within Genii Capital. Andrew Ruhan’s involvement with the team came at a time of refinancing and consolidation. It is not clear if the investments made by either Genii Capital or Andrew Ruhan have been or will be recovered as part of the Renault takeover of the team.