It is up in news today that Renault’s future in F1 is in uncertainty as an aftereffect of a disagreement regarding prize cash with business boss Bernie Ecclestone.
Renault has concluded arrangements to assume control over the Lotus team and has an agreement to keep on supplying engines to Red Bull next season. However, the Lotus purchase out is endangering Renault’s inclusion. Insiders say Ecclestone concurred an arrangement for prize cash, which then fallen, and now Renault is presently undermining to haul out. The accurate points of interest of the difference in the middle of Ecclestone and Renault are indistinct, yet it is said by sources to rotate around disarray encompassing Renault’s arrangement to supply Red Bull, which has been creating in parallel with the circumstance at Lotus, a team confronting the danger of organization.
Ecclestone and Renault had a meeting at the Abu Dhabi Grand Prix on Friday to attempt to determine the issue. Cyril Abiteboul, Renault Sport’s boss, was planned to talk at a news gathering in Abu Dhabi later on Friday, yet nobody from the team was accessible for input instantly.
Renault has concurred a nine-year best deal Ecclestone to re-enter F1 as a constructor however whether this happens is currently open to address. Also, the fate of Lotus could hold tight a determination to the debate, as the team is undermined with going into organization in the event that it doesn’t secure its future by 7 December. Senior insiders say that the arrangement to secure Renault’s purchase out of the team is finished and it will be concluded once the installments debate with Ecclestone is sorted out. Staff at Lotus’ production line in Enstone, Oxfordshire, is as of now chipping away at a car with a Renault engine in it for one year from now. The two organizations are filling in as though they are in association despite the fact that the arrangement has not been formally affirmed.
Renault won two world titles with Fernando Alonso in 2005 and 2006 however sold its team to venture bunch Genii Capital toward the end of the 2009 season, proceeding in F1 as supplier of engine. Christian Horner said: “We have an agreement for an engine for next year which we hope will be confirmed within the coming days. It will have a development path – ironically of what we were trying to achieve 12 months ago.”
