Genii Capital takes over Renault team

[WhiteBlue]

http://news.bbc.co.uk/sport2/hi/motorsp ... 407138.stm?

The beeb says that Lopez made the race in a decision taken on Wednesday. With the minority of 25% this really isn't a manufacturer team any more. It is essentially a brand exposure for equity deal mainly which will allow Renault to fullfill their Concord obligations and get brand exposure. Lopez can run his own team and can probably sell it or the title branding after 2012.

The Kubica angle should make the Mercedes decision clearer. If Kubica remains at Renault as expected the chances that Schumi will drive at Merc will go up.

[gibells]

http://news.bbc.co.uk/sport2/hi/motorsp ... 407138.stm?

The beeb says that Lopez made the race in a decision taken on Wednesday. With the minority of 25% this really isn't a manufacturer team any more. It is essentially a brand exposure for equity deal mainly which will allow Renault to fullfill their Concord obligations and get brand exposure. Lopez can run his own team and can probably sell it or the title branding after 2012.

The Kubica angle should make the Mercedes decision clearer. If Kubica remains at Renault as expected the chances that Schumi will drive at Merc will go up.

That article, and in fact none of the others around at the moment, does not clearly indicate that Lopez is the one who has sealed the deal. If he does I will feel a little sad that Richards hasn't got in (again).

[WhiteBlue]

http://news.bbc.co.uk/sport2/hi/motorsp ... 407138.stm?

The beeb says that Lopez made the race in a decision taken on Wednesday. With the minority of 25% this really isn't a manufacturer team any more. It is essentially a brand exposure for equity deal mainly which will allow Renault to fullfill their Concord obligations and get brand exposure. Lopez can run his own team and can probably sell it or the title branding after 2012.

The Kubica angle should make the Mercedes decision clearer. If Kubica remains at Renault as expected the chances that Schumi will drive at Merc will go up.

That article, and in fact none of the others around at the moment, does not clearly indicate that Lopez is the one who has sealed the deal. If he does I will feel a little sad that Richards hasn't got in (again).

I agree with that sentiment. Carlos Ghosn is supposed to lean towards Lopez and he will make that decision in the first place. It is probably a question of money. A big shame if it is true for two reasons. Richards is almost guaranteed to push the team forward and it would mean that Aston Martin would take over from Renault. That in itself may be a reason why it will not happen. Although Renault and Aston have little overlap competitive spirit may play a role in not giving a competitor an easy way into F1.

[Fil]

Yeah, at this stage sources are stating that the Renault board are favouring Lopez, specifically due to his ties with the driver management business as well as allowing Renault to hold a stake in the team.
RF1's management is favouring Richards & Prodrive due to what they can bring to the team, but this is off-putting to the Renault board due to it being a complete buyout & rebranding.

[ESPImperium]

The 4 options are as follows for Renault:

Lopez - 75% buy in, and is run better than it was under Flavio. Still reports to Renault board, favourite option of Renault board.

Prodiive - 90% buy in, but is run the Dave Richards way. Renault have a 40% say in the way the team is run. Favrouite option of Renault F1 management.

Barwa-Addix GP2 team - 50% buy in, and ran the way Renault want, but ran like a propper team capable of results. Means that they will have full GP3, GP2 and F1 development programme for drivers.

Anthont Hamilton - Lewis dad. Wanting to give team management a go. Has the money, altho is the wildcard option. Details vauge at present.

[Fil]

Addax won't get it, Alejandro Agag is too chummy with Flav i hear.

Anthony Hamilton? what credibility or experience does he have to own a team? plus, wouldn't the money be Lewis'? Sounds too unlikely for Renault to choose.


If they are genuinely the only four that Eccelstone spoke of (of which only one is actually confirmed as interested), Lopez seems like a shoe-in, Richards an underdog second.

[Chaparral]

Addax won't get it, Alejandro Agag is too chummy with Flav i hear.

Anthony Hamilton? what credibility or experience does he have to own a team? plus, wouldn't the money be Lewis'? Sounds too unlikely for Renault to choose.


If they are genuinely the only four that Eccelstone spoke of (of which only one is actually confirmed as interested), Lopez seems like a shoe-in, Richards an underdog second.

Your speculating on press speculation - good luck ace...............

[Fil]

Your speculating on press speculation - good luck ace...............

just innocent opinions!

here's some more press speculation for you then! Deal Done..?
and goes against what i was speculating!

[ESPImperium]

http://translate.google.co.uk/translate ... l=nl&tl=en

Looks like the takeover, and posibly second driver will be announced tomorrow.

Looks like Kubica will be kept as driver #1 with either former BMW Sauber team-mate Nick Heidfeld or former Toyota driver Kimui Kobiyashi joining him.

Looking like this week is already lining up to be a buisy one.

[raceman]

http://en.espnf1.com/renault/motorsport/story/5164.html


ta-da, announced officially

[WhiteBlue]

http://www.motorsport.com/news/article.asp?ID=353809

oops, missed the previous post

[RH1300S]

The power of F1 - until today I had never heard of Genii Capital (although had heard of Lopez).

By early next year half the world will know who Genii Capital is

[ESPImperium]

Press realease: http://www.renaultf1.com/en/binaries/87 ... -87703.pdf

Red Bull also confirm they will use rhe Renault RS27 powerplant for 2010.

[Pandamasque]

Renault board have once again officially confirmed their absolute lack of interest to racing having sold their business to businessmen, not racing specialists. It would be a shame to see the Enstone team decay.

Renault, Toyota and BMW really made some good publicity, for Honda that is.

[Pup]

Jeez.

Renault sells off a 75% stake - so what? Renault is just another owner. They supply free engines, and pay a handsome sponsorship fee, which they will still do; but that's it - the team is entirely independent, including the engine works. And Carlos Ghosn and the Renault board are no more "racing specialists" than anyone at Genii. And who's to say that Lopez won't be every bit as active an owner as someone like Mateschitz? Everyone remember when Mateschitz "took over" Sauber? No? Oh, well, I guess it wasn't that big of a deal.

And who cares about the percentages? Mercedes never owned more than a 40% share of McLaren, and they only own 45% of Brawn. Ron Dennis only owns 15% of his own team, but has it ever been anything but his? I don't think BMW ever owned any percentage of Williams, and yet they were considered a "manufacturer team" at the time.

The only thing this does is make it easier for Renault to move to another team or leave F1 in the future should they want to. Which, of course, is the way the manufacturers should operate in F1. 100% ownership never made any sense - it was all just ego. In fact, any percentage over what gets your name on the side of the car makes no sense, unless there is investment potential.