Formula One side Lotus has said that it prefers spending money on developing their car rather than paying their star driver Kimi Raikkonen, who had announced that he will be leaving Lotus for Ferrari at the end of the year as he was not paid ''any salary''.

Lotus, which is owned by a Luxembourg-based investment group Genii Capital, is looking for a lucrative title sponsor for the 2014 season According to CNN, Lotus has responded to Raikkonen''s allegations by saying that it prefers to focus its finances on suppliers and key people required for developing their car, even if it means seeing their driving talent walk away, adding that Raikkonen was also in a similar position last season.