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Legal Eagle: Renault to quit or not to quit Formula 1?

Renault’s latest rumoured pull out of Formula 1 comes complete with multiple ironies which Legal Eagle has pointed out in what we hope will be regular contributions from his legal perspective of our sport. It has recently been reported that the French team's management are questioning whether the enormous cost of F1 is worth it given Renault’s poor results and loss of engine customers. Renault has joined other teams pushing for, among other things, a budget cap and changes to the technical regulations to level the field. Ironically, in May 2009, Renault threatened to quit F1 if the $60-million budget cap proposed by then FIA President Max Mosley was implemented. Granted, that proposal...
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