Renault F1 2009
The Renault team will be lining-up on the grid for the 2010 season after securing a deal with Genii Capital and will be continuing under the Renault name.
The Renault team principle Bernard Rey said;
“I am delighted to welcome Genii Capital as our new strategic partner. I am sure that their enthusiasm and business expertise will create a new dynamic for the team, the staff, and our partners. Altogether, we look forward to competing again at the highest level in Formula One.”
Genii Capital, is a Luxembourg-based company who specialises in new technologies, brand management and motor sport, headed by Gerard Lopez.
The Renault team statement read;
“Following the proposed sale of a large stake of Renault F1 team to Genii, both partners will operate the team together. The letter of intent signed by the two companies should be concluded in early 2010.
I am delighted to welcome Genii Capital as our new strategic partner as I am sure that their enthusiasm and business expertise will create a new dynamic for the team, the staff, and our partners.
Altogether, we look forward to competing again at the highest level in Formula One.
Today’s announcement also confirms Renault’s commitment and trust in the sport’s governing bodies to improve the green credentials of Formula One.”
The Renault team intend to continue to supply engines to the British-based team as well as the Red Bull team for 2010 and possibly 2011.
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