MX23RW : Friday, November 15 05:41:00| >> :600:239748113:239748113:

Jerome Stoll: 'Renault not spending more as works team'

Renault is apparently not having to spend much more on its Formula 1 programme despite returning to full works status in 2016.

Renault is apparently not having to spend much more on its Formula 1 programme despite returning to full works status in 2016.

As well as supplying Red Bull once again this year, the French carmaker acquired the struggling Lotus team ahead of the new season.

Jerome Stoll, the Renault Sport chief who was instrumental in the negotiations to buy Lotus and ramp up Renault's official F1 income, admitted that the company's solid financial results in 2015 were helpful.

"Having good accounts helps," he told AFP, "but the target set by our president was clear that [being a works team] should not cost more than being only a supplier.

"That's what happens now. The economic equation is comparable because as a team we have access to the FOM rights (income), but the image from being a team is much better - it is nothing like being only a supplier."

Stoll, however, said that everyone at Renault and Enstone is aware that actual results on the track will not be instant, "as 2016 will be a rebuilding year".

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Kevin Magnussen of Finland and McLaren walks in the paddock following practice for the Bahrain Formula One Grand Prix on April 19, 2013
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