Renault join Ferrari and Toyota in 2010 exit threat

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Renault have joined Ferrari and Toyota in their threat to leave the F1 series should the budget cap system for 2010 stand. The threat came via an official release from Renault regarding their position on the entire issue. Most notably, they are concerned that the FIA did not consider any of the cost-cutting measures that FOTA carefully crafted and marched headlong into their designs on hos best to manage team expenses.

Interesting too in that Renault Team boss Flavio Briatore, who is very tight with FOM boss Bernie Ecclestone, has been very vocal in the past few weeks. So much so as to suggest that unity within FOTA may not be on as solid ground as once suspected. Renault’s announcement today has certainly dispelled those concerns as they seem in lockstep with the other manufacturers opinions.

“There is frustration that FOTA’s constructive proposals, including major cost saving measures to be adopted progressively between 2009 and 2012, which were carefully constructed by FOTA members, have been completely ignored without any form of consultation by the FIA with the teams,” said Renault in a statement.

“It should be stressed that FOTA has set the same, if not lower, financial objective as the FIA, but Renault strongly believes that this must be introduced through a different procedure agreed by all parties.

“The decision of the Federation International de l’Automobile (FIA) to introduce two sets of Formula One technical regulations for the 2010 Formula One season has caused the Renault Group to reconsider its entry in next year’s FIA Formula One World Championship.

“Renault also believes that it is paramount that the governance of the sport is coordinated with a spirit of consultation with all parties (FIA, FOM, FOTA) in order to achieve a better balance between the costs and the revenues. Renault is also of the firm view that all entrants in the World Championship must adhere to and operate under the same regulations.”

The stage is set and now we are simply waiting for McLaren’s craftily worded announcement of their intentions which I would suggest will be something along the lines of a threat to leave but only deciphered after carefully reading through the Ronspeak…or is that Martinspeak now?

Flavio added:

“Our aim is to reduce costs while maintaining the high standards that make Formula One one of the most prestigious brands on the market. We want to achieve this in a coordinated manner with the regulatory and commercial bodies, and we refuse to accept unilateral governance handed out by the FIA. If the decisions announced by the World Council on the 29th of April 2009 are not revised, we have no choice but to withdraw from the FIA Formula One World Championship at the end of 2009.”

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