Renault will be given “historic team” status if it chooses to return to team ownership, providing it with a huge financial incentive which could sway its decision.
The French manufacturer is currently debating whether it should continue as an engine supplier only, quit the sport or return to team ownership – though the latter would come at great cost.
However that cost would likely be eased significantly with Bernie Ecclestone confirming the manufacturer would be eligible for “historic team” status, awarding it a financial bonus regardless of performance.
At present, 15 per cent of the prize money pot is reserved for five qualifying teams. Ferrari, Mercedes, McLaren, Red Bull and Williams each receive a varying amount based on their history.
With Renault involved in all but five seasons since 1977, it would join the aforementioned teams and receive a financial boost, easing its concerns.
If they take over Lotus and do exactly what Mercedes and Red Bull did, that would be it [to qualify for the payment], so yeah, sure,” Ecclestone told Autosport.
“They have talked about perhaps taking over Lotus, so there is a way in for them, and we’d love to have them on board.”
When asked if reports a current historic team, including engine customer Red Bull, could veto the move, he added: “If they [Renault] do what they have to do to be in line with those people I don’t think we would need anybody to agree. I think we could deal with it easily enough.”
Renault are due to make a decision toward the end of August following careful consideration of all three options.
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