Renault team principal Eric Boullier has moved to deny that his outfit is any difficulty in regards to financing their future.
Several stories have floated around the media suggesting the team are struggling to pay their suppliers and staff, though Boullier says this isn’t the case at all, suggesting the stories were invented to throw them off-balance.
“The future is very clear and bright,” he told BBC Radio Oxford. “We have solid sponsors, we have solid owners with a good financial background, we have some good plans.
“I understand there is some jealousy around in the paddock and some people who want to tease us.
“Affecting the morale of the people obviously was their target which was a bit naughty,” he added.
The team were bought out in 2009 by investment firm, Genii Capital, despite carrying the Renault title, the French manufacturer only supplies engines and has no ownership.
Boullier says things will become clearer as time progresses and the changes which are taking place, which include a management re-structure, will enforce their strong position.
“Obviously there is a transition time,” he said of the change in ownership. “A lot of change for a big company like this. Time will show that we are right and that we are strong.”
The team are recovering from the race-fixing scandal of 2008 which prompted Renault to scale back on their F1 involvement. They now supply engines to three teams; Renault, Red Bull and Team Lotus.
It’s known that the manufacturer is looking to return to the sport in some form of team ownership, though not with Lotus-Renault. Many believe, and it has been rumoured, that they could look to partner Williams as they did between 1989 and 1999.
