Friday, 27 May 2011

Renault Team in Financail Trouble?

The naming dispute between Group Lotus and rival outfit Team Lotus may have made the headlines on Friday but Germany's Auto Motor und Sport said Enstone based Renault has got other another problem.

Auto Motor und Sport comments "Lotus Renault GP Court decision comes at the wrong time.The racing team will have massive financial problems. Russia is not providing as much money as expected.Since the serious accident of Robert Kubica the interest of other donors has ceased."

"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"

"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?"

It seems Robert Kubica's absense has had just as great an effect behind the scenes. Meanwhile Kubica has left the wheelchair and can now hold a pen again with his right hand. He trains five hours a day with big breaks in between. Renault have ruled him out of racing again this year but hope he can do a friday practice session.

Powered by Blogger