News On F1 - Formula 1 News, Results, Information and Statistics

F1 News  F1 Schedule  F1 Line-up  Teams  Drivers  F1 Tickets  F1 Coverage
 

F1 News - Fernandes denies demanding too much for Lotus deal - December, 2010

Dec.17 (GMM) As the Lotus dispute rages on, Tony Fernandes has hit back at Dany Bahar's claim that the parties did not unite in F1 due to his "ridiculous and absurd" demands.

Bahar, Group Lotus' CEO, had responded to journalists' claim this week that the logical solution was a deal with Fernandes rather than the confusing prospect of two warring teams both called Lotus in 2011.

The Swiss had gone so far as to reveal that Fernandes demanded "three times" the money that has ultimately been invested in the Renault deal.

"Interesting to read Dany Behar's comments about wanting to work with us, don't think anyone here noticed that!" said Team Lotus technical boss Mike Gascoyne on Twitter.

The Briton's boss also slammed Bahar's claims.

"The thing that has annoyed me most is Dany Bahar implying we wanted too much money and that Renault was a third of the cost of what it would have been to do a deal with Lotus Racing," Fernandes told the BBC.

"They have been quoted saying they are spending in the region of 15-20m (pounds) a year on Renault, which implies we asked for 45-60 million. That's more than our entire budget," said the Malaysian.

"We were never close to an offer and it's completely untrue to say we requested three times what they're paying Renault."

The worsening war-of-words between the two Lotuses has highlighted the need for a resolution, and Bahar said this week he is confident the two Malaysian sides - Group Lotus owner Proton and Fernandes - want to avoid a deeper battle.

"We are pragmatic," said Fernandes. "There should be a solution, but we should also do what is right for the brand.

"Our licensing agreement was unceremoniously terminated unlawfully and at any stage we would welcome a way to sort this out. But it's got to be equitable and respect what we have done," he insisted.

"If they (Group Lotus/Proton) come off their high horses, who knows?

"I'd say it's highly unlikely but three months ago if you'd said Group Lotus would be sponsoring Renault, I'd have laughed at you. It's a branding disaster," added Fernandes.

Latest F1 News - Mobile version
26 Feb: New Ferrari not quickest in field - Domenicali
26 Feb: Red Bull still best in 2013 - Tost
26 Feb: 2014 French grand prix 'possible' - Prost
26 Feb: Danica Patrick 'not interested' in F1 switch
26 Feb: Report - Gilles Simon working on F1 engine for Honda
26 Feb: Gutierrez plays down link to Carlos Slim
26 Feb: Caterham exhaust 'legal' insists van der Garde
26 Feb: McLaren replaces Mercedes-bound Lowe
25 Feb: 'Engine maps' trouble for Red Bull, Lotus - report
25 Feb: Mercedes-bound Lowe to miss 2013 opener - report
25 Feb: Mercedes 'in group of teams' behind Red Bull - Lauda
25 Feb: Gutierrez expects Hulkenberg to beat him early in 2013
25 Feb: New Ferrari 'much better' than 2012 - Massa
25 Feb: Teams 'will adapt' to new tyre situation - Gutierrez
25 Feb: Tight rules make today's F1 cars 'the same' - Forghieri
25 Feb: Williams removes controversial exhaust trick
25 Feb: Contract 'conflicts' cause of Marussia test snub - Razia
25 Feb: Lotus to fight Red Bull for title - Gutierrez
25 Feb: Marussia 'ahead of Caterham' - Chilton
25 Feb: Sutil will not stay in F1 as test driver

The latest F1 News - Mobile Version

F1 News  F1 Schedule  F1 Line-up  Constructors' Championship  Drivers' Championship  F1 Tickets  Live F1 Coverage

Full Version: Formula 1 News  Formula 1 Schedule  Formula 1 Line-up  Constructors' Championship  Drivers' Championship  Live F1 Coverage  10 'n' Pole  F1 Regulations  The Forums  Motorsport Shop  F1 Merchandise  F1 Tickets  F1 Diecast  F1 Videos  F1 Games

Back To Top