Renault’s executive committee met in Paris to discuss the future plans for the team, ahead of a crunch board meeting next week. It is understood that no formal decision was made about what to do, because it was felt that the rival bids need more consideration, but it is edging close to picking which way it wants to go.
Sources close to the deal, has revealed that rather than Prodrive's bid being in co-operation with that of businessmen Gerard Lopez, as was initially suggested, they are in fact rivals. Lopez's plans are being put together through his Genii Capital company, with co-operation from his business partner Eric Lux. Lopez intends to take between 75 and 100 per cent of the Renault team if his bid is successful. It is understood that Lopez's plan is for his company to take financial control of the team, but for it to remain Renault for at least another two years. Renault's CEO Carlos Ghosn favors this option for the future.