Petrov might need to knock a few dollars of his portfolio!

We knew this would happen!

Vitaly Petrov’s family has cast doubts over the future of his Renault seat, with the Renault team yet to receive the first payment instalment from the Russian pay driver. The GP2 runner-up was signed by Renault with rumours that some €15M in bribes sponsorship would be payable.

In spite of Renault’s feeble protestations that his talent was the principle reason in securing his services, there is no doubt that his path to F1 was eased by his alleged backing and the lack of sponsor decals on the Renault R30. It appears that Renault is still yet to receive a cent!

Love it!

According to Vitaly’s father, Alexander, Vitaly’s sponsorship has not arisen from any of the 500 companies supposedly canvassed for funding, but from a personal friend, who is also a chairman of the St Petersburg Bank’s board of directors.

This just gets better… is it laundered?

"I don’t know," Alexander replied when asked by where the cash will materialise from. "We have still not received the first seven and a half million; the bank has extended the period because of the amount of the money.

"If, before the 1 March the first payment isn’t made, Vitaly can be exchanged for another driver." He also added that the second instalment is required by the middle of the season.

You gotta pay the first instalment first!

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.