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Abiteboul: I Believe We're In It For the Long Term
Renault boss Cyril Abiteboul has suggested it is only a matter of time before the team confirms its future in Formula 1, with a contract to be signed 'as soon as it's ready'. All the teams are negotiating a new commercial agreement with rights holders Liberty Media and the governing FIA for a new era starting in 2021, with major rules changes set to make racing cheaper and more competitive. Abiteboul said the difference for Renault, compared to champions Mercedes and rivals Ferrari, was that the French team operated on a smaller budget. They therefore stood to benefit from a fairer share of the revenues and the imposition of a cost cap. “We will get a major improvement of our terms,”...
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