Lotus announced earlier in the year that the group of investors from the Middle East – under the banner Quantum Motorsports – were set to purchase 35% of the team.
“There is no question that the deal is definitely happening,” Mansoor Ijaz, head of Quantum Motorsports, told Autosport.
“I will even go out as far as to say that it has now been completed from our side in terms of what has to be done.”
“We have options – I won’t go into the details of those options – but the options do allow us in a fixed amount of time to take control of the team later on. We will do that in a way that is very co-ordinated with our partners at [current owners] Genii [capital].”
Ijaz also urged Lotus team principal Eric Boullier to replace outgoing driver Kimi Raikkonen with Hulkenberg.
“We as incoming owners and shareholders have made it very clear what our preference is.”
“I wish the transition had been smoother between Kimi and the next driver, who we believe will be Nico Hulkenberg, but sometimes in life things don’t happen so clearly and as nicely as you would like them to.”
“I know Nico is excited about doing this and I think it is a matter of a very short period before that is all finalised.”