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Renault in cash 'crisis'

2010-07-28 12:42
Renault's health is "fine" despite Bernie Ecclestone confirming the Enstone based team requested the early payment of its 2010 commercial revenues.

Team boss Eric Boullier revealed at Hockenheim that even though he asked the F1 chief executive for the loan, the other teams did not agree to the release of the monies.

"All that was was the fact that one of the (Renault) shareholders didn't want to take money from another one of his companies because that would have meant convening a board meeting," Ecclestone said in an interview with the Telegraph.

"But I never gave them the money.  And they got over the crisis so everything is fine," added the 79-year-old Briton.
 
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