F1 » Renault owner Lopez admits F1 'costs much more than we thought'


Despite conceding that he somewhat underestimated the cost of competing at the highest level upon buying a majority stake in the embattled Renault F1 outfit last winter, Genii Capital entrepreneur Gérard Lopez insists he is now looking ahead with 'much enthusiasm'

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Cobalt

September 07, 2010 2:58 PM

Well, they did have improvements at every race and in the end made the car more competitive. As long as Lopez is not going anywhere and keeps funding the team and hopefuly the team will get rewarded with some wins soon.

rbr46

September 07, 2010 3:27 PM

Not to be off topic but this was on autosport last monday.

Anyways if petrov scored some more points and renault get above mercedes in the constructors more money will be gained.

rob01

September 07, 2010 3:49 PM

Hang in there... a new concorde is being discussed behind closed doors. One that pays the teams PROPERLY.

As well as better marketing and improved financial terms for the team, Whitmarsh said he hoped the new Concorde Agreement would also deal with a succession plan for the post-Bernie Ecclestone era.

The last part sounds real good.

Olek - Unregistered

September 07, 2010 4:34 PM

Translation: I knew Robert Kubica was good but not this good. We could actually win a championship if our car was better. I want to win the championship and I gots ta get this kid a good car. Show me the money!

Alan D - Unregistered

September 07, 2010 5:59 PM

Personally I'd like to see the end of points money and pay all teams the same amount for turning up to the race, pay all teams from their first year in F1 and not make them run for a year, (I think they still have to have run for a year before they are eligible for start money), and pay them all the same travel costs (certainly used to be the case that only teams which had scored a point in the previous season qualified for travel expenses). Get rid of the financial inequalities in favour of the established successful teams. Otherwise the small teams are facing a continuous uphill struggle for finances.

Jim Clausen

September 07, 2010 7:16 PM

@ Calvin

"If it's a surprise, maybe he's in the wrong business. F1 will NEVER be cheap."

Nor should it be. As of late it seems F1 has attracted some four flushers, who think they can make some big, quick bucks from owning an F1 team. You probably can make some big bucks, once you have a few manufacturer and WDC championships to your credit and are running up front. Until then the price is steep, especially to run at the back of the pack.

JOHN - Unregistered

September 08, 2010 12:37 AM

Its a tough lesson!!!!! However I would have thought a successful entrepreneuer would have learnt lifes toughest lesson - never take anything for granted. Particularly in F1 and no doubt at all when involved with Bernie Ecclestone!"!!!!!!!!

NB: Where THE HELL are the Crash Emoticons gone????????

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