Renault will race on in Formula 1 next year following a deal to secure the team's future, as BBC Sport exclusively predicted last week.

The company had considered quitting F1, but the team will continue under new owners with the French car company retaining a minority 25% shareholding.

Luxembourg-based investment firm Genii Capital will own the rest and share the running of the team with Renault.

Lead driver Robert Kubica is not yet certain to stay following the deal.

Renault has signed the highly rated Pole to replace double world champion Fernando Alonso, who has moved to Ferrari, but Kubica's manager Daniele Morelli told BBC Sport it was "not automatic" he would be driving for the team under the new arrangement .

The design team under technical director Bob Bell will remain the same.

But Bell, who was acting team principal for the final four races of the season following the departure of Flavio Briatore in the wake of the Singapore race-fixing scandal, will be replaced by a new team boss.

Renault said it had reached an agreement for a "proposed sale of a large stake of the Renault F1 team to Genii" and that they would operate the team jointly.