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GP Week : Issue 225
F1 >>> news F1 >>> news Lotus once again found itself in the headlines for all the wrong reasons in Hungary after sitting out much of opening practice. With only thirty minutes to go before pitlane opened for free practice one, Pirelli engineers could be seen pushing tyres down the paddock to the team’s garage, something they had done for the other nine teams the day before. The reason for the delay; money. Pirelli had witheld tyres until it had been paid, a problem the Enstone team blamed on cash flow - it was forced to wait for banks in Europe to open to complete the transfer. The story followed hot on the heels of news during the week leading into Hungary that the team had been in court over unpaid bills. Gearbox supplier Xtrac reportedly lodged a winding up petition as it sought to have its outstanding bills settled. Costs in Formula One have remained a key talking point with former GP winner turned pundit Johnny Herbert claiming it takes roughly $1million to run a Formula One team for a day. Lotus is understood to have coughed up over $94,000 to settle debts with four of its leading creditors though court documents revealed another 27 'unsatisfied judgements' coming to a total of almost $900,000 with debts ranging from $200,000 to $150. Back in Hungary, by the time Lotus got its tyres and had warmed them up in its tyre blankets - a process which takes an hour - the team had lost half the opening practice session. Jolyon Palmer, subbing for Romain Grosjean, managed just four laps while Pastor Maldonado managed just nine. Normal serviced resumed for the afternoon session. 14 GPWEEK.com // 14 GPWEEK.com // PARTNERS: F1 >>> news C M Y CM MY CY CMY K GP Week May FA Path HR.pdf 1 13/5/15 14:09 show Me the Money