No shareholding for Kimi Raikkonen, says Lotus chief

Lotus Renault's team boss Eric Boullier has dismissed rumours that Kimi Raikkonen's contract with the team involves shareholding.

The Finnish former Ferrari driver signed a two-year deal with the team after three years away from the sport but Boullier has insisted the deal includes no shareholding.

"He has no shareholding. It is a complete nonsense," Boullier said.

The Frenchman went on to say that the team is 100% owned by Genii Capital and that Lotus Cars is a partner and sponsor of the team, but it does not hold any shares.

The team have been impressive in early season testing in Spain with Raikkonen topping the time sheets on one of the practice days.