Renault the latest team to threaten withdrawal
May 13, 2009 | 12:55 PM
#1
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| FIGJAM
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Posts: 9,463
Renault the latest team to threaten withdrawal
Formula One news: Renault the latest team to threaten withdrawal - GPUpdate.net Formula One
The Renault team has become the fourth in five days to hint an exit from Formula One at the end of the 2009 season. The French marque, which re-entered the sport in 2002, follows Toyota, Red Bull and Ferrari in hinting that its departure will take place before 2010 until the FIA reviews its proposed budget cap scheme for next season.
In an official statement released on behalf of both the manufacturer and its F1 team on Wednesday, Renault's message follows a different tone to the three already released by other teams since Saturday. The squad, current home of former double World Champion Fernando Alonso, believes in the FIA's motives to lower costs but is against the manner in which the sport's governing body put forward the proposal without consultation of the Formula One Teams' Association (FOTA), which represents the current 11 teams on the grid.
The statement read: "There is frustration that FOTA's constructive proposals, including major cost saving measures to be adopted progressively between 2009 and 2012, which were carefully constructed by FOTA members (during a Geneva meeting in March), have been completely ignored without any form of consultation by the FIA with the teams.
"It should be stressed that FOTA has set the same, if not lower, financial objective as the FIA, but Renault strongly believes that this must be introduced through a different procedure agreed by all parties." Teams are chiefly unhappy with the 'two-tier' championship which would be made possible with the introduction of the budget cap, as those wishing not to follow the spending limit may run but under restricted technical regulations.
"Renault has always considered Formula One as the pinnacle of motor sport and the perfect stage to demonstrate technical excellence," said team president Bernard Rey. "We remain committed to the sport, however we cannot be involved in a championship operating with different sets of rules and if such rules are put into effect, we will be forced to pull out at the end of this season."
"Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market," continued team managing director Flavio Briatore. "We want to achieve this in a coordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA."
The Renault team has become the fourth in five days to hint an exit from Formula One at the end of the 2009 season. The French marque, which re-entered the sport in 2002, follows Toyota, Red Bull and Ferrari in hinting that its departure will take place before 2010 until the FIA reviews its proposed budget cap scheme for next season.
In an official statement released on behalf of both the manufacturer and its F1 team on Wednesday, Renault's message follows a different tone to the three already released by other teams since Saturday. The squad, current home of former double World Champion Fernando Alonso, believes in the FIA's motives to lower costs but is against the manner in which the sport's governing body put forward the proposal without consultation of the Formula One Teams' Association (FOTA), which represents the current 11 teams on the grid.
The statement read: "There is frustration that FOTA's constructive proposals, including major cost saving measures to be adopted progressively between 2009 and 2012, which were carefully constructed by FOTA members (during a Geneva meeting in March), have been completely ignored without any form of consultation by the FIA with the teams.
"It should be stressed that FOTA has set the same, if not lower, financial objective as the FIA, but Renault strongly believes that this must be introduced through a different procedure agreed by all parties." Teams are chiefly unhappy with the 'two-tier' championship which would be made possible with the introduction of the budget cap, as those wishing not to follow the spending limit may run but under restricted technical regulations.
"Renault has always considered Formula One as the pinnacle of motor sport and the perfect stage to demonstrate technical excellence," said team president Bernard Rey. "We remain committed to the sport, however we cannot be involved in a championship operating with different sets of rules and if such rules are put into effect, we will be forced to pull out at the end of this season."
"Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market," continued team managing director Flavio Briatore. "We want to achieve this in a coordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA."
May 13, 2009 | 01:27 PM
#3
Teamspeed Pro
Joined: Jan 2008
Posts: 6,031
From: Chicago, Il
they better......I don't think F1 as a sport can survive these tough times without teams like Renault, Ferrari, Red Bull
May 13, 2009 | 03:22 PM
#4
Teamspeed Pro
Joined: Feb 2009
Posts: 2,595
From: ATL
Max would have to hire lots of Nazi goons to convince me to watch that F1 series.
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