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
McLaren, 2011 launch, [Credit: Crash PA]
Crash.net 2017 Formula 1 Calendar
Williams, FW40, teaser shot [Credit: Williams Martini Racing]
Michael Schumacher
Michael Schumacher and the 1996 Ferrari F310
Scuderia Toro Rosso STR12 to be unveiled on Feb 26th
Nico Rosberg and Fernando Alonso - Mercedes, McLaren
Antonio Giovinazzi - Ferrari SF15-T
Manor`s 2017 F1 car model [Pic: Twitter]
Manor`s 2017 F1 car model [Pic: Twitter]
Milwaukee reveals 2017 WSBK Aprilia RSV4
Milwaukee reveals 2017 WSBK Aprilia RSV4
Chase Carey, Ross Brawn & Sean Bratches
Sebastian Vettel, Kyle Busch, Kurt Busch, ROC [Credit: ROC]
Juan Pablo Montoya celebrates after winning the 2017 Race of Champions title in Miami [Pic credit: ROC]

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 - 2017 Crash Media Group

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