Formula One sometimes gains as much publicity for its off-track dramas as it does for its racing action. And here is a perfect example of that. The team formerly known as Renault F1, which was mostly owned by Luxembourg-based company Genii Capital, will now be known as Lotus Renault GP.
Oh, so Lotus Racing and Renault have merged, right? No, you need to go back and read The Lotus position article to get up speed. Basically the Proton controlled Group Lotus has signed on as major sponsor to the Renault team in a deal set to last until 2017. Muddying the waters further Renault has sold its ownership share back to Genii and will be involved solely as an engine supplier.
As you can see the Lotus Renault GP team has already given us an early glimpse of its planned racing livery for 2011, a great tribute to the famous John Player Special sponsored Lotus machines of the 1970s and 80s.
Are you sitting down, though, because things are about to get even more confusing. Despite Group Lotus now having direct involvement in F1 the other team known as Lotus Racing, headed by Tony Fernandes, is still planning to compete in the 2011 season as well. They will also have their engines supplied by Renault. And they have already announced they wish to race with gold and black livery too.
From a distance it all seems a bit tit for tat and all a bit unnecessary. At least Mike Gascoyne now knows why Group Lotus has been reluctant to talk to Lotus Racing.
If you’ve managed to keep up to speed with this article you’ve done well. On the surface it looks like we’ll be having two gold and black Lotus-named teams in Formula One next year. But, between now and the Bahrain Grand Prix in March expect quite a few lawyers to get a massive Christmas bonus.
Official press releases from Lotus Renault GP and Group Lotus are available after the break.
UPDATE: You can now click on the image above to view a 1780px version.