Renault: Lotus tie-up stronger than ever

Renault says its partnership with Group Lotus, which includes title sponsorship, is more solid then ever - despite rival Team Lotus being allowed to keep its name

Renault: Lotus tie-up stronger than ever

Group Lotus had tried to stop Team Lotus from using the 'Lotus' name in F1, but the High Court did not accept its claims. The matter is now likely to go to appeal.

Even though that means there are two 'Lotus' teams in F1, Renault team principal Eric Boullier believes that the legal issues have only served to strengthen his sponsors' commitments to the future.

"There is no change for us, which is very good," Boullier told AUTOSPORT about the implications of the Lotus court case on Renault. "It has actually reinforced our partnership very well.

"The matter is more or less an issue between Team Lotus and Lotus, even if there is talk about it going further and going legal. I don't want to get involved with it because that is not my part."

He added: "Regarding my part, what is clear is that some part of the misunderstanding and confusion has been cleared.

"Thanks to this, it has clearly reinforced the involvement of Lotus Cars and Proton in our company. We have a seven year sponsorship agreement with a title sponsorship level, which is a lot of money, and that is the best that we can dream to have."

Boullier also hit back at rumours over the Monaco weekend that Renault was in financial trouble, with a report suggesting it owed money to its parent company Renault.

"It is very funny how stories can blow up like this and constantly come back," said Boullier. "It is maybe not a coincidence, but there is some old guard from Renault here [in Monaco] so maybe they keep spreading rumours on their own.

"This journalist [who wrote the story] did not come and see me to ask if it was true or not, and I am ready to do it whenever he wants - to open my books for him.

"Like any business, we have some loans for our own business and our own investment, but we don't have any debt now to Renault in 2011.

"We have a multi-year contract and a special agreement between us and Renault, like when you pay your mortgage back. We have some pending loan payments for the future, but that is for the future - it is not for this year. We have absolutely no issue at all. Everything is fine, perfectly fine."

AUTOSPORT understands that Renault owners Genii Capital secured the purchase of the final 25% in Renault with a multi-year loan from the French car company - which requires payment of 5 million Euros this year, 6 million Euros in 2012 and 7 million Euros in 2013.

shares
comments
Alonso: Silverstone title crunch point

Previous article

Alonso: Silverstone title crunch point

Next article

Dec 11 finale 'totally unacceptable'

Dec 11 finale 'totally unacceptable'
Load comments
Why polarising Mosley’s legacy amounts to far more than tabloid rumour Plus

Why polarising Mosley’s legacy amounts to far more than tabloid rumour

The newspapers, naturally, lingered over Max Mosley’s tainted family history and niche sexual practices. But this is to trivialise the legacy of a big beast of motor racing politics. STUART CODLING weighs the life of a man whose work for safety on both road and track has saved hundreds of thousands of lives, but whose penchant for cruelty remains problematic and polarising

Why pragmatic Perez isn't fazed by no-nonsense Red Bull F1 culture Plus

Why pragmatic Perez isn't fazed by no-nonsense Red Bull F1 culture

Sergio Perez has spent most of his career labouring in Formula 1’s midfield, wondering whether he’d ever get another shot at the big time. Red Bull has handed him that chance and, although life at the top is tough, the Baku winner is doing all the right things to get on terms with Max Verstappen, says BEN ANDERSON

Formula 1
Jun 11, 2021
What the data tells us about the F1 2021 title fight Plus

What the data tells us about the F1 2021 title fight

Formula 1 has been tracking car performance using timing loops mounted every 200m around each circuit – to the extent that it was able to anticipate Ferrari’s 'surprise’ pole in Monaco. PAT SYMONDS explains what this means for this season and beyond

Formula 1
Jun 10, 2021
The weighty issue F1 needs to find a balance with Plus

The weighty issue F1 needs to find a balance with

OPINION: After consecutive street races with contrasting highlights, one theme stood out which has become a prevalent issue with modern Formula 1 cars. But is there a way to solve it or, at least, reach a happy middle ground to help all parties?

Formula 1
Jun 10, 2021
The changes behind a ‘feel-good’ F1 result in Baku Plus

The changes behind a ‘feel-good’ F1 result in Baku

OPINION: The Azerbaijan Grand Prix had elements that make Formula 1 really exciting – unpredictability and shock results. This resulted in heartbreak for several of the championship’s regular contenders and joy for others who rarely reach the ultimate limelight. And one of those on the Baku podium is riding a wave of form he’s keen to continue

Formula 1
Jun 9, 2021
The human cost to replacing Formula 1's cancelled rounds Plus

The human cost to replacing Formula 1's cancelled rounds

OPINION: With the global pandemic still lingering, Singapore's grand prix has been cancelled for 2021, with more looking likely to follow. Although Formula 1 has TV deals and profits to chase, retaining a 23-race calendar could be most harmful to those who sacrifice the most for the championship

Formula 1
Jun 8, 2021
Azerbaijan Grand Prix Driver Ratings Plus

Azerbaijan Grand Prix Driver Ratings

An eventful weekend in Baku full of incident and drama lent the race result an unusual feel, as three drivers scored their first podiums of the year. But it wasn't the eventual race winner who scored top marks in our driver ratings

Formula 1
Jun 7, 2021
How three drivers 'won' the Azerbaijan GP Plus

How three drivers 'won' the Azerbaijan GP

Formula 1's return to Baku after a year away had thrown up an eventful qualifying marred by four red flags, but the race appeared to be running to a familiar Red Bull vs Mercedes template entering the closing stages. That is, until a dramatic conclusion where victory was snatched away from two drivers, before landing in the lap of Sergio Perez

Formula 1
Jun 7, 2021