F1 News
- April 21, 2006
Renault to stay in F1
Alain Dassas has stated the Renault team's intention to stay in F1. Dassas has said that the team has applied for the 2008 season, and as long as cost can be controlled the Renault team has a long term future in the series.
Dassas has stated that the team (A GPMA Member) needs the cost of the 'Development Arms Race' to be reduced, and also would like to see a better distribution of the TV rights. He said “At the moment, Renault pays 60% of the team's costs, and 40% are covered by sponsorship and television rights money, We can make savings in these direct costs while maintaining our sponsorship levels and improving the central distribution of revenue from television rights.”
That is good news for F1, the worry was that if one of the major manufacturers pulled out of F1 that some of the other teams may have thoughts of following.
Dassas has put the high cost of F1 down to the engine development race and the testing the teams must do, he also said that all the manufacturers (including Ferrari) are looking for the cost of F1 involvement to come down, and said those where the key areas where the cost could be saved.
