Rumor: Renault to sell 40 percent of its F1 team

Renault F1 MonopostA Russian bidder has reportedly offered to buy 40% of Renault’s Formula One team, according to Finland’s Turun Sanomat. The deal could potentially result in the Russian Vitaly Petrov’s signing to be Robert Kubica’s team-mate. This could explain Timo Glock’s move to Manor Grand Prix, despite his earlier strong links to the French squad.

Adrian Newey has so far designed the RB6 around the engine, but Red Bull Racing would have to wait before it can officially announce its plans to stay with Renault power in 2010. These Finnish reports of a partial team sale are supported by the German newspaper Bild, which said Renault wants to immediately raise €30 million in order to strengthen its F1 program.

[via f1complete]

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