Only months after being purchased by Genii Capital, Renault is once again in trouble, TheCheckeredFlag has learned.
Details are scarce, but a senior figure within the team has said the team ‘may not last much longer’, possibly due to continuing financial issues.
Vitaly Petrov had helped bring Lada sponsorship to the team, whom Renault own a 25% stake in. The deal was announced by Vladimir Putin no less, with a whiff of PR stunt in the air, possibly an attempt to drum up interest from other prospective Russian investors.
Also at risk is Renault’s engine department in France, who also supply engines to front-runners Red Bull Racing.
Renault are still expected to race at the season opener at Bahrain next weekend, but beyond then it’s anyone’s guess what the future brings for the now estranged French squad.