The talk this year of Renault’s future in Formula 1 has been accelerated this week with an AUTOSPORT article that suggests the car manufacturer could be in line for a premium payment as a legacy marque in F1 should they decide to double down on their long-term investment in the sport.
The article suggests that Renault, who have been involved in all but five seasons since 1977, could be poised to receive a premium payment as a historic team similar to what Ferrari currently enjoys. having been in the sport for 38 years, F1 boss Bernie Ecclestone concurred:
“Yes. If they take over Lotus and do exactly what Mercedes and Red Bull did, that would be it, so yeah, sure.
“They [Renault] have talked about perhaps taking over Lotus, so there is a way in for them, and we’d love to have them on board.”
The prospect here is to keep a strong manufacturer on board in F1 and keep the long-term investment in the sport instead of watching the French car maker walk away from the series as Toyota, BMW and Honda did.
The interesting issue is that when the topic of historic team payments comes up, many F1 fans feel Ferrari’s special premium payment is wrong and use it as an example to dislike the Italian marque and suggest that F1 needs equity among all teams and a more even distribution of the prize money.
Most comments I’ve read from fans regarding these payments has not been positive but I, unlike most, feel they part of the current series structure and that if teams didn’t like it, they should negotiate a different arrangement. It’s very cunning of Renault to exhaust all avenues on how their long-term commitment might be compensated by the sport…even dragging out its historic participation as an option.
Do you like the historic team premiums? Is this a good idea? Does F1 need Renault? Many fans were telling Red Bull not to let the door hit them in the arse as they leave when threatening to do so. Do you feel the same about Renault?
Hat Tip: AUTOSPORT