Proton holds rights to buy 10 percent of Lotus F1

(Reuters) - Group Lotus owner Proton loaned Lotus F1 $47.71 million and retains the rights to purchase 10 percent of the Formula One team despite the end of a title sponsorship agreement, the car maker said on Wednesday.

Genii Capital runs the former Renault team who boast drivers Kimi Raikkonen and Romain Grosjean and said earlier this month they would race on as Lotus even though "the sponsorship agreement and the obligations of Lotus have been terminated".