Renault threatens to quit F1

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Renault’s chief operating officer Patrick Pelata issued at the Geneva Motor Show a direct threat to quit F1 if the teams do not get bigger share of the revenue and the cost are not reduced beyond the cost saving measures agreed recently by FIA and FOTA:

“We are seeking to bring down contract costs and receive more of the revenues. We want to remain part of the emotion and the spectacle of Formula One but there are really no taboos if talks fail.”

Will Bernie Ecclestone take a note and back down or will it take another manufacturer following Honda and pulling out before something changes in the way the revenues are shared ?

5 Comments Post a Comment
  1. zblkhwkNo Gravatar says:

    Perfect timing for a threat like this! If F1 looses another team and Honda dies (as is probable), they are down to 16 cars. Another team or two (and Williams has already made similar threats) and the teams can make a power play to gain signficant control (and a much larger portion of revenues).

    In my opinion, its about time! Someone has to wrestle F1 away from Bernie and Max (and Ferrari) to make the sport more competitive and increase the number of cars on the track. More passing is good, just ask Nascar and now Indy Car.

    If I was a team owner, I would jump on this band wagon fast!

  2. KotenokNo Gravatar says:

    I think, they won’t be heard much… Everybody wants a bigger part of the cake, but if there are teams which can’t afford it, it will be a matter of time… To say bye bye. I can be wrong, and hopefully I’m wrong. There could be finally understanding due the bad economical situation, Bernie did a thing which we aren’t used.: giving some money in advance from the FOM incomes. Let’s see how it develops.

    • zblkhwkNo Gravatar says:

      Bernie is in a tough situation. F1 can not survive without the teams. If F1 dies, another racing source will takes it place (although without the mass appeal).

      In these tough times, everyone is scrapping for their peices of gold. Bernie is going to have to give, to keep F1 where it is.

  3. F1WolfNo Gravatar says:

    We will see today. It is a big day for FOTA in Geneva, Whitmarsh, Brawn and di Montezemolo are to speak on their behalf at press conference and present their ideas about F1 future. FIA and Ecclestone may choose to ignore one team but if all of them come out saying about the same that will change the situation a bit

  4. TimmieNo Gravatar says:

    Renault have realised that their car this year is ugly as, in fact the worst in the field and are so ashamed that they are going to pull out! lol probably not the real reason, but hey, it’s a pretty good reason to want to get out of the sport isn’t it?

    On a serious note, I think Bernie will be stubborn for a little while yet, he will wait and see how far teams go in cost cutting with the FOTA announcements coming later today. Bernie knows that if he doesn’t compromise in some way he will lose everyone and even if there is a “break” of the F1 series for a year or two, they will start back up again with basically the same rules but no Bernie or Mosley!

    Bernie will wait to see just how much the soon to be proposed changes will effect the cost of the 2010 season and then he will have his say some where down the track about how much he is willing to compromise. I don’t expect it to be much mind you, knowing Bernie i think he enjoys keeping everyone on their toes, even if it means hurting the sport a little more. He really is an evil little troll isn’t he? lol

    Hopefully sense prevails before everything escalates or it becomes “too late” to save teams like Williams from dissapearing or Manufacturers like Renault from leaving the sport. Cost cutting is definitely needed even though it does have a negative impact on the sport and it’s nature of having been the pinnacle in motor racing, i would rather see it survive than crash and burn!

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