F1

Renault team in financial trouble - report

1,361 views

By: GMM

The Renault team is reportedly in financial trouble.

As the naming dispute between sponsor Group Lotus and rival outfit Team Lotus made headlines on Friday, Germany's Auto Motor und Sport said Enstone based Renault is grappling with other problems.

Custom_Caption
Custom_Caption

Photo by: xpb.cc

"The court decision comes at the wrong time," read the report.

"There is not as much money flowing from Russia as expected. And since Robert Kubica's accident the interest of other backers has ceased," it added.

The publication said engine supplier and naming partner Renault is owed a two-digit million euro sum.

"Owner Genii Capital is begging its sponsor Lotus for an advance for daily management of the team and development of the car," alleged Auto Motor und Sport.

"In the paddock there are rumours that Renault must go with Cosworth engines next year, if the bills are not paid to Renault. And the French company is looking for another customer. Why not Williams?"

Write a comment
Show comments
About this article
Series F1
Tags enault, kubica, petrov, russia

User photos

EuroRacer
F1

EuroRacer

29 photos
jimmykwoods
F1

jimmykwoods

2 photos
nickmossdesign
F1

nickmossdesign

1 photos
Tim Holmes
F1

Tim Holmes

17 photos
EricDebris
F1

EricDebris

411 photos
hanmerdesign
F1

hanmerdesign

7 photos
Evan_DeCiren
F1

Evan_DeCiren

25 photos
darkcloud154
F1

darkcloud154

22 photos
Upload photo