Renault hints at long-term F1 commitment

Posted: April 20, 2006 by Neeraj in External, Interview, Renault, Sponsors, Teams

As reported on itv-f1.com

Renault’s new F1 president Alain Dassas has hinted strongly that the world champion team is ready to commit to Formula 1’s long-term future, so long as the costs of competing are reduced.

“But we are realistic as well: before committing to the future, every company needs not only good product – which we have – but also sensible cost control.”

“At the moment, Renault pays 60% of the team’s costs, and 40% are covered by sponsorship and television rights money,” said Dassas. “We can make savings in these direct costs while maintaining our sponsorship levels and improving the central distribution of revenue from television rights.”

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Comments
  1. Spud says:

    Hope Renault stay. Not my favourite team, but they know how to win with a reasonable budget and I would certainly miss the ITV close-ups of Flavio’s sweat drenched shirt

  2. Neeraj says:

    Spud, I have a feeling that Renault will stay. Atleast given the way Mad-Max is hell-bent on curbing the money spent. But I guess it all depend on what Revenue-Sharing process will be taken over by FIA in future.

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