Renault/Lotus Announcement to be made next week

Lotus-F1_3160413

Even though we all expected for Lotus and Renault to announce their takeover arrangement this weekend but the French manufacturer says no announcement about its F1 future will be made until next week.

The company is currently negotiating what commercial rights income it is entitled to as a manufacturer team, with Renault pushing for a larger some than was originally offered.

On Friday in the Abu Dhabi paddock, Bernie Ecclestone and CVC’s Donald Mackenzie met with Renault’s vice president of sales and marketing Jerome Stoll to continue talks.

It’s not clear what the outcome of the meeting was; but Renault has warned that it might not push ahead with its works team plan if a satisfactory deal with FOM can’t be struck.

Speaking this morning to the media, Renault Sport boss Cyril Abiteboul confirmed that an announcement would come next week, once the season has drawn to a close. Abiteboul stated the following:-

‘What I can say is that there will be no announcement regarding Renault’s future short term or middle term this weekend. But there will be an announcement very likely in the course of next week. We have always said that we would like to do it after the season, which ends on Sunday, and at the start of December, so that is what we will do. We will make an announcement then.’

The decision leaves Lotus waiting to hear about its own future as it continues to battle financial problems, which most recently led to the team being locked out of the Abu Dhabi paddock until Ecclestone stepped in to pay their outstanding bills that they owed.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s