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

darkcloud154
F1

darkcloud154

22 photos
Renato Marques
F1

Renato Marques

5 photos
EuroRacer
F1

EuroRacer

22 photos
devilwoman
F1

devilwoman

1 photos
stirlingf18
F1

stirlingf18

1 photos
erikjunius
F1

erikjunius

37 photos
SurdinP
F1

SurdinP

1 photos
Upload photo