Nov.18 (GMM) Renault has received an offer to sell 40 per cent of its formula one team to a Russian bidder, Finland's Turun Sanomat reports.
The newspaper said a deal could result in the Russian Vitaly Petrov signing to be Robert Kubica's 2010 teammate, and might explain Timo Glock's move to Manor despite his earlier strong links to the French squad.Red Bull Racing is also having to wait before it can officially announce its plans to stay with Renault power in 2010, even though Adrian Newey has so far designed the RB6 around the 2.4 litre V8 unit.The Finnish reports of a partial team sale were backed by the German newspaper Bild, which said Renault wants to urgently raise 30 million euros in order to bolster its F1 programme.
