Over the weekend, there has been quite a saga brewing over Tony Fernandez and his Lotus F1 company's purchase of the rights to the famous "Team Lotus" name and their intention to run in F1 in 2011 as "Team Lotus".
Lotus to adopt Team Lotus name: http://www.autosport.com/news/report.php/id/86640
Proton - Team Lotus name not allowed: http://www.autosport.com/news/report.php/id/87038
Lotus insists it can use Team Lotus name: http://www.autosport.com/news/report.php/id/87042
For those who are not aware, Team Lotus was the classic F1 team of Colin Chapman heritage. Once upon a time, there was a car company called Lotus Engineering, which built road cars. An engineer named Colin Chapman split off a dedicated racing team called Team Lotus for motorsports purposes, including F1. As time went by, Lotus Engineering became the Lotus Group of Companies, and eventually, Group Lotus. A Malaysian car manufacturer called Proton purchased Group Lotus in the 90s. However, during those decades, Team Lotus existed as a separate entity until it eventually stopped operating after 1994, and the name was sold off to David Hunt (brother of retired F1 ace, James Hunt).
Tony Fernandez, a Malaysian businessman, purchased a license to use the Lotus brand from Group Lotus for his F1 team, "Lotus Racing". The license was agreed for one year, and will expire at the end of the current F1 season. For next year and beyond, Fernandez purchased the "Team Lotus" name from David Hunt and intends to call Lotus Racing, "Team Lotus".
Proton, the owner of Group Lotus, is not impressed. They're alleging that David Hunt never had the rights to the "Team Lotus" name, and that Fernandez's purchase of the rights from Hunt is meaningless. Proton alleges that only their subsidiary, Group Lotus, has the full rights to "Team Lotus", and even further, that the name "Lotus" cannot be used in connection with F1 without their permission.
What's everyone's take on this? IMHO, I think Proton is just being ridiculous when they suggest David Hunt's rights were invalid. Team Lotus was owned by Colin Chapman and his wife, Hazel. They sold Team Lotus to Peter Collins and Peter Wright, who then sold it to David Hunt. You can't get clearer than that. Furthermore, Hazel Chapman owns Classic Team Lotus along with her son, Clive, so the "Team Lotus" moniker is in no way exclusively reserved for the Lotus Group.
Fernandez has launched legal action in the English High Court, so hopefully this can be sorted out soon, and we might end up with the "real" Lotus in F1.
Lotus to adopt Team Lotus name: http://www.autosport.com/news/report.php/id/86640
Proton - Team Lotus name not allowed: http://www.autosport.com/news/report.php/id/87038
Lotus insists it can use Team Lotus name: http://www.autosport.com/news/report.php/id/87042
For those who are not aware, Team Lotus was the classic F1 team of Colin Chapman heritage. Once upon a time, there was a car company called Lotus Engineering, which built road cars. An engineer named Colin Chapman split off a dedicated racing team called Team Lotus for motorsports purposes, including F1. As time went by, Lotus Engineering became the Lotus Group of Companies, and eventually, Group Lotus. A Malaysian car manufacturer called Proton purchased Group Lotus in the 90s. However, during those decades, Team Lotus existed as a separate entity until it eventually stopped operating after 1994, and the name was sold off to David Hunt (brother of retired F1 ace, James Hunt).
Tony Fernandez, a Malaysian businessman, purchased a license to use the Lotus brand from Group Lotus for his F1 team, "Lotus Racing". The license was agreed for one year, and will expire at the end of the current F1 season. For next year and beyond, Fernandez purchased the "Team Lotus" name from David Hunt and intends to call Lotus Racing, "Team Lotus".
Proton, the owner of Group Lotus, is not impressed. They're alleging that David Hunt never had the rights to the "Team Lotus" name, and that Fernandez's purchase of the rights from Hunt is meaningless. Proton alleges that only their subsidiary, Group Lotus, has the full rights to "Team Lotus", and even further, that the name "Lotus" cannot be used in connection with F1 without their permission.
What's everyone's take on this? IMHO, I think Proton is just being ridiculous when they suggest David Hunt's rights were invalid. Team Lotus was owned by Colin Chapman and his wife, Hazel. They sold Team Lotus to Peter Collins and Peter Wright, who then sold it to David Hunt. You can't get clearer than that. Furthermore, Hazel Chapman owns Classic Team Lotus along with her son, Clive, so the "Team Lotus" moniker is in no way exclusively reserved for the Lotus Group.
Fernandez has launched legal action in the English High Court, so hopefully this can be sorted out soon, and we might end up with the "real" Lotus in F1.