Links - Decision on Renaults future in F1 due next week - North River Minor Hockey Association

Decision on Renaults future in F1 due next week LOGINREGISTERHELPYOU ARE NOT LOGGED IN NHLNBAMLBCFLNFLCurlingTennisGolfSoccerNASCARFormula OneIndyCar NASCAR Canadian Tire SeriesNationwideCamping WorldAuto RacingWorld JuniorsSpengler CupMenS WHCWomenS WHCHockey CanadaAHLBoxingCanada GamesCHLCISECHLFigure SkatingLacrosseMMANCAASkiingSummer SportsWinter SportsMoreOlympicsFantasyDaily LineShowsTSN TalentCommunityMainScheduleStandingsChampionsAllTime WinsBMWSauber Brawn GP Ferrari Force India McLaren Red Bull Racing Renault Toro Rosso Toyota Williams Teams Auto Racing on TSNeotText SizeA decision on the future of Renaults Formula One racing team is expected to be made next weekThe executive committee of the French manufacturer met in Paris on Thursday to reportedly review two rival bids for the F1 operation Autosport reports that one of the bids is from David Richards Prodrive group while the second is from Gerard Lopez Genii Captial investment fund While Richards has previous experience running a Formula One team Renault CEO Carlos Ghosn is said to be favouring the Lopez bid which would take over financial control of the team but keep it branded Renault for at least two years As well Lopez would also continue to run Renaults Driver Development programme incorporating it into his own Gravity Sports Management company Formula One boss Bernie Ecclestone is also said to be leaning towards the Lopez option Weve got to get the whole Renault thing sorted out he told The Times on Friday We are in the middle of doing it now I feel confident that well see Renault next year in Formula 1 under the name Renault and the year after and the year after thatRenaults future in the sport has been in doubt since the summer when it accepted responsibility for the crashgate affair last year at the Singapore Grand Prix Former team boss Flavio Briatore and technical director Pay Symonds admitted to following through with a plan that saw former driver Nelson Piquet Jr deliberately crash his car in the race in order to help teammate Fernando Alonso win the race Whie Briatore and Symonds paid the ultimate price both were banned from the sport by the FIA Renault lost title sponsor ING and given the recent exodus of car manufacturers such as Honda BMW and Toyota this season they are believed to be questioning the value of remaining in the sport as wellToyota meanwhile has said it is not planning to sell its Formula One team after relinquishing its entry for the 2010 season While the team has reportedly offered to sell some of its intellectual properties related to car designs for the 2010 season andor equipment to some of the new teams who are entering the sport Toyota says none of them have accepted Toyota have also offered up the services of driver Kamui Kobayashi who impressed with his driving in the final two races of the season as an injury replacement for Timo GlockWhile a ...