Connect with us

Charles Pic

Delaying Renault-Lotus knot, Pic demanding €750k settlement

Published

on

Delaying Renault-Lotus knot, Pic demanding €750k settlement

Delaying Renault-Lotus knot, Pic demanding €750k settlement


For embattled Lotus, time may be running out just as Renault enters a further period of delay in its decision about the future.

According to various media sources including the Swiss newspaper Blick, all the equipment belonging to the Enstone team – which is reportedly close to being bought out so that Renault can return to full works status – was detained at Spa-Francorchamps on the order of court bailiffs.

Among the seized equipment are the black and gold F1 cars, with disgruntled former reserve driver Charles Pic reportedly demanding a EUR 750,000 settlement.

The Telegraph said deputy boss Federico Gastaldi “is now working with team owner Gerard Lopez on a solution.”

The Times correspondent Kevin Eason added: “Lotus executives were negotiating with Pic’s lawyers for a settlement on Monday but it is clear the financial pressure is beginning to tell”.

Part of the reason for the delay might be the contractual dispute between Renault and its current premier F1 team partner Red Bull, who are said to want to break the 2016 engine supply deal.

But according to Spain’s AS sports newspaper, Renault is insisting that Red Bull respect the deal, or at least pay a whopping EUR 40 million penalty for breaking it.

Not only that, anything other than an amicable solution could also cost Red Bull up to EUR 80 million in the form of its current title sponsorship by Infiniti, the luxury division of Renault-owned Nissan.

All the while, Renault is busily deciding its next steps in F1, with ambassador Alain Prost said to have commenced parallel talks with Force India at Spa.

“We are completing the process of analysing the situation,” the F1 legend told the French broadcaster Canal Plus.

“The decision is a little delayed but it will be taken in September,” Prost added. “I think the situation is changing every minute, so I cannot tell you much even if I know a few dates.

“It is necessary to wait a little longer,” he said.

Comments

Latest Results




Latest F1 News

2018 F119 hours ago

FIA declare Ferrari suspected Mercedes car is ‘legal’

The FIA has declared the latest configuration of Mercedes’ 2018 car to be legal. Brazil’s Globo reports from Austin that...

2018 F119 hours ago

Vettel’s F1 future at Ferrari is suddenly in doubt

Four-time F1 world champion, Sebastian Vettel’s F1 future at Ferrari is suddenly in doubt. The German is currently under pressure...

2018 F11 day ago

Ricciardo’s Renault move ‘a concern’ – Webber

Mark Webber admits fellow Australian Daniel Ricciardo’s move to Renault is a “concern”. Also a former Red Bull driver, Webber...

2018 F11 day ago

Todt visits Michael Schumacher ‘twice a month’

FIA president Jean Todt admits he visits his friend Michael Schumacher “twice a month”. Once the great German’s boss at...

2018 F12 days ago

Pressure got to Vettel in 2018 – Rosberg

Only a “perfect” competitor can knock Lewis Hamilton and Mercedes from their perch at the top of F1. That is...

2018 F12 days ago

Robert Kubica to get $10m boost for 2019 F1 race seat

Robert Kubica’s chances of securing the vacant Williams race seat for 2019 have received a massive boost. Sport Express, a...

2018 F13 days ago

Vettel denies cracking under pressure in 2018

Sebastian Vettel has denied that the pressure got to him in his 2018 title battle. Once ahead of Lewis Hamilton...

2018 F14 days ago

Ricciardo does not want to be the second driver at Red Bull – Valsecchi

Daniel Ricciardo had little choice other than to leave Red Bull. That is the view of Davide Valsecchi, a former...

2018 F14 days ago

‘Very easy’ to make Vettel-like errors – Alesi

Jean Alesi has backed his old team Ferrari, amid criticism of the Italian outfit and its top driver Sebastian Vettel....

2018 F14 days ago

Four drivers line up for second Williams F1 seat

A quartet of drivers are in the running to be British rookie George Russell’s teammate at Williams in 2019. With...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media