F1 »

Renault denies financial question marks

Renault boss Eric Boullier denies speculation of financial issues within the Enstone-based team
Renault boss Eric Boullier has played down rumours that the team could be the latest in F1 to run into financial issues.

Reports have suggested that the team approached Bernie Ecclestone's Formula One Management group in an effort to receive a commercial payment due at the end of the season ahead of schedule, although that request was vetoed by other teams on the grid.

Auto Motor und Sport suggested that the request from the team was down to the fact that a number of sponsorship deals haven't delivered the expected amount of money, but Boullier insisted there was no financial problems and that the team was suffering from a temporary cash-flow issue delaying its development work.

“”These are the usual games played by people who try to tarnish your image,” Boullier told the French news agency AFP. “There is nothing to say. There is no problem.

"I need to spend more because we want to finish the R30 and begin the R31. Like any normal company, I asked the shareholders to help us. We have television money that is coming, so why not ask for it in advance?

"We have signed three sponsors for the car and there are two more coming. Give us time. You don't sign a contract and the money comes the next morning. That's all."



Related Pictures

Click on relevant pic to enlarge
02.02.2010 Valencia, Spain, Eric Boullier, Team Principal, Renault F1 Team and Pasquale Lattuneddu (ITA), FOM, Formula One Management - Formula 1 Testing, Valencia -
Friday, Eric Boullier (FRA), Team Manager, Renault F1 Team
01.02.2010 Valencia, Spain, Eric Boullier, Team Principal, Renault F1 Team - Formula 1 Testing, Valencia
Lotus unveils E23 Hybrid F1 challenger
Lotus unveils E23 Hybrid F1 challenger
Lotus unveils E23 Hybrid F1 challenger
Lotus reveals first look at the E23 Hybrid
Lotus reveals first look at the E23 Hybrid
Coulthard WRC Monaco
(L to R): Carlos Slim Domit (MEX) Businessman; Miguel Angel Mancera (MEX) Mayor of Mexico City; Francisco Maass Pena (MEX) Deputy Minister for Tourism; Alejandro Soberon (MEX) Corporacion Interamericana CEO.
21.01.2015.
Sergio Perez (MEX) Sahara Force India F1 signs autographs for the fans.
21.01.2015.
Sergio Perez (MEX) Sahara Force India F1 signs autographs for the fans.
21.01.2015.
(L to R): Nico Hulkenberg (GER) Sahara Force India F1 with team mate Sergio Perez (MEX) Sahara Force India F1.
21.01.2015.
Sergio Perez (MEX) Sahara Force India F1.
21.01.2015.
(L to R): Sergio Perez (MEX) Sahara Force India F1 with team mate Nico Hulkenberg (GER) Sahara Force India F1.
21.01.2015.
(L to R): Carlos Slim Domit (MEX) Chairman of America Movil with Francisco Maass Pena (MEX) Deputy Minister for Tourism; Sergio Perez (MEX) Sahara Force India F1; Miguel Angel Mancera (MEX) Mayor of Mexico City; Nico Hulkenberg (GER) Sahara Force India F1; Dr. Vijay Mallya (IND) Sahara Force India F1 Team Owner; Alejandro Soberon (MEX) Corporacion Interamericana CEO.
21.01.2015.  Force India F1 Team Livery Reveal, Soumaya Museum, Mexico City, Mexico.
(L to R): Nico Hulkenberg (GER) Sahara Force India F1 with Dr. Vijay Mallya (IND) Sahara Force India F1 Team Owner and Sergio Perez (MEX) Sahara Force India F1.
21.01.2015.
(L to R): Nico Hulkenberg (GER) Sahara Force India F1 with team mate Sergio Perez (MEX) Sahara Force India F1 and Dr. Vijay Mallya (IND) Sahara Force India F1 Team Owner.
21.01.2015.

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.




© 1999 - 2015 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.