F1 » 'Ambitious' Renault F1 appoints new business partner


As the team embarks upon what new owner Gérard Lopez describes as 'an ambitious development programme' in F1 2010, Renault has joined forces with successful Saudi Arabian businessman Tarek E. Obaid

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50 Cent - Unregistered

May 14, 2010 3:33 PM

Hm, interesting. On another note, Robert's move to Ferrari is linked with Fiat wanting Kubica's name behind it. After all the Italians are manufacturing Fiat in Poland and historically they have ties to polish market going back like 50 years.

TheFlyingPig - Unregistered

May 15, 2010 1:45 AM

"has recruited the services of"... "excited to join"..."happy to team up"...."pool our efforts and resources"... "will be joining".

Is it just me? But I can't see a word in there to describe this guy's role.

The assumption seems to be that his company will sponsor Renault, but there is not a single word in this article that says that!

In fact the closest the story comes to describing his role is "Tarek's vast experience in identifying and executing successful strategic investment opportunities will be crucial". Clear as mud huh? But to me this sounds like Dennis-speak for "he's being employed (paid?) to find sponsors for us. Is he putting money in.....or is he an additional cost?

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