Briatore to buy Renault F1 Team?
According to the Italian media, Flavio Briatore could buy the Renault Formula One team as rumours about an exit of the French carmaker is ongoing for months. The rumours about an exit of Renault are based on the low car sales due to the crisis, three seasons of average race results, the expiring contract of title sponsor ING, and the likely departure of Fernando Alonso.
Despite the fact that Renault might leave the sport, the French manufacturer would keep supplying the team and Red Bull Racing with engines.
Briatore, who has been on board of the team for years and years, is considered to be one of the richest men in Formula One.
