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Management rubbishes Petrov funding rumours

Vitaly Petrov's management team play down speculation that his move to F1 with Renault could be at risk
Vitaly Petrov's management team have rubbished talk that the Russian's F1 drive with Renault could be at risk.

Petrov, who was named a partner to Robert Kubica during the launch of the R30, was reported to be in danger of losing his drive over issues regarding a payment due to be made to the team at the start of March.

Those reports, in the Russian media, suggested that Petrov's father was awaiting approval of a loan from a bank to pay the first instalment to the team and that his dream of becoming the first Russian driver to compete in F1 could be ended if the money wasn't forthcoming.

However, a statement from Petrov's management has now rubbished those reports, insisting that it was down to a 'misunderstanding' in the interview carried out.

“Following recent speculation in F1-related media about the situation between the Renault F1 team and Vitaly Petrov, the driver's management denies all rumours, which were due to a misunderstanding in an interview with the driver's father,” the statement was quoted by ESPN.

“We would like to confirm that the Renault F1 Team and Vitaly Petrov's management have reached full agreement and have signed a binding contract for 2010. Vitaly will drive for the team in all 19 Grand Prix in this year's FIA Formula One World Championship.

“At present, both team and driver are preparing for the next official test session which is due to take place from February 10-13 at Jerez. No further comment will be made.”


Related Pictures

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03.02.2010 Valencia, Spain, Vitaly Petrov (RUS), Renault F1 Team, R30 - Formula 1 Testing, Valencia
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Boo - Unregistered

February 10, 2010 12:22 PM

I'm pleased Petrov is in F1 as I think he deserves a fair crack at it. Too often people see Russian, or 'paid for drive' and immediately think he isn't worthy of the seat, but he was the GP2 Series runner-up last year and he won quite a few races. Definitely more deserving than Ho-Pin Tung and, I guess, Jerome d'Ambrosio, whom he smoked in GP2.

Zorbius - Unregistered

February 10, 2010 10:33 AM

The question was not if a binding contract had been signed but if the Petrov's money was available to pay the instalment. This statement does not cover that aspect bar a "misunderstanding"!



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