Sport Fernando Alonso set to sign new contract with McLaren as team agrees engines deal with Renault

19:44  13 september  2017
19:44  13 september  2017 Source:   International Business Times

Alonso waits on McLaren news

  Alonso waits on McLaren news Fernando Alonso says McLaren face an "important" week as he waits to learn their engine supplier for 2018. McLaren are believed to have decided to severe their ties with Honda at the end of the season with Sky Sports understanding an announcement could be made as early as this week.A switch to Renault engines is being lined up but numerous factors are at play in the complex negotiations between the various parties, with several rounds of discussions taking place over the Italian GP weekend.

Fernando Alonso has grown tired of the poor performance and reliability of Honda's engine making Mclaren ready to sack the car company. 'Want him to retire here'. Barcelona legend Andres Iniesta agrees new contract after he openly considered leaving. Football.

McLaren seal a new Fernando Alonso deal with cars set to be powered by Renault as Spaniard Fernando Alonso will re- sign for McLaren ahead of brand new era Renault engine switch has secured experienced Spaniard for another season

Fernando Alonso © Getty Images Fernando Alonso

McLaren are set to confirm they have reached an agreement with Renault, which will see the French company provide its engines to the Woking-based team from next season.

Renault will replace Honda engines, which have proved to be extremely fragile since the Japanese giant returned to the sport in 2015. It reportedly contributes as much as $100m to McLaren's budget.

The F1 racing outfit have been in negotiations with Renault for months, after the team's executive director Zak Brown admitted patience was wearing thin and hinted the team could end its partnership with Honda and the duo have now reached an agreement.

McLaren Announces F1 Engine Contract With Renault Through 2020

  McLaren Announces F1 Engine Contract With Renault Through 2020 It was announced earlier in the week that McLaren and Honda had decided to cut ties and end their ongoing engine partnership. This news meant that McLaren was left with one option for 2018 in Renault Sport, an agreement that was rumored to have already been made by team chief Zak Brown near the time of the Italian Grand Prix. However, speculation can now be stopped as McLaren has officially announced its engine partnership with Renault that will stand through the 2020 season.This doesn't come as much of a surprise—a long and convoluted trade that sent Carlos Sainz Jr.

‘ Alonso and McLaren have agreed for the Spaniard to be the star of the British team 's new project with a Honda engine . Alonso will have a considerably higher salary as both McLaren and Honda make a big effort to win again,’ reported AS.

Fernando Alonso says McLaren face an "important" week as he waits to learn their engine supplier for 2018. McLaren appear to be edging towards an engine deal with Renault although the team insist a decision hasn't been made yet.

Formula One in numbers © Provided by IBT Media (UK) Formula One in numbers

According to the Daily Mail, McLaren will confirm Renault as its engine supplier before this weekend's Singapore Grand Prix when they will also announce Fernando Alonso will sign a new deal with the team.

The Spaniard, whose contract with McLaren expires at the end of the current season, has been linked with a host of teams ahead throughout the summer and was expected to make a decision by the end of September after revealing he has had a number of offers.

The 36-year-old was forced to retire in the Italian Grand Prix two weeks ago (3 September). He has picked up a meagre 10 points so far this season and has not finished any higher than fifth since returning to McLaren in 2015.

The Spaniard had reportedly lost patience with Honda's travails and had made it clear to McLaren that his decision on whether to extend his deal with the team would be contingent on it securing a new engine manufacturer.

McLaren-Renault deal finalised, Ecclestone critical

  McLaren-Renault deal finalised, Ecclestone critical Sources close to McLaren have claimed that the Woking-based have reached an agreement with Renault to supply power units for 2018. This would bring about the already widely intimated divorce between McLaren and Honda after a turbulent three-year partnership. It has been suggested by sources close to the deal that McLaren have signed a three-year deal with Renault, which would provide the team with engines until the end of this current regulation era. It is understood that there will be technical parity between McLaren and Renault. The associated deal for Toro Rosso to link up with Honda, in an effort both to keep the Japanese manufacturer in the sport and assess the Honda power-unit’s development for Red Bull’s benefit, has reportedly also been signed. It has become apparent that in exchange for an early release from Toro Rosso’s Renault deal, the team was required to make Sainz available to the Enstone outfit. It is widely expected that Sainz will switch teams prior to the Malaysian Grand Prix next month. This further affirmation of the multifaceted deal that has materialised in recent weeks comes after Bernie Ecclestone yesterday linked Fernando Alonso with an extended stay with McLaren amid their new Renault partnership. The former Formula 1 grandee told the Daily Mail: “The Renault deal is all done. Alonso staying is super news. “But I can’t see why McLaren will be any happier with Renault than they are with Honda.

Fernando Alonso has signed a binding three-year contract with McLaren , team boss Ron Dennis has revealed. According to Dennis, the deal , which is believed to be worth around £25m per year, doesn’t contain any

Fernando Alonso is expected to re- sign at McLaren after the team finally decided to ditch their bedevilled Honda engines in a switch to Renault . The Spaniard has made clear throughout his contract re-negotiations that his stay at McLaren would be conditional on a change of engine

According to the Mail, the terms of Alonso's new contract are in line with his current deal, which sees him earn just over £20m a year.

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While the double announcement is expected to be seen as a major boost for the team and for the sport as a whole, former Formula 1 supremo Bernie Ecclestone has questioned the wisdom of switching engine supplier.

Alonso on future: there are many options

  Alonso on future: there are many options Fernando Alonso remains coy on where his future in Formula 1 lies but insists there are a number of good options he is studying. The double world champion is expected to be confirmed as a McLaren driver for next season, despite contract negotiations still ongoing, with their Renault engine deal set to be announced on Friday. Alonso has been linked with a possible move to Indycar after competing in this year’s Indy 500, but has stated his main priority is F1. When asked about his future in the FIA press conference, Alonso refused to reveal his immediate plans but made it clear he won’t race in any series to just fight for top ten positions. “As I said, I will think what is the best option,” Alonso said. “As I said many times, whatever I do next year will be because I want to win. “I will not be in any series to be fighting for top 10, top 15, nothing like that. There are many options I’m studying and looking at. Formula 1 is my first and only priority. “I will wait to make a decision on that before making decisions on other series. At the same time, I want to give time to my team. “After the last three years with some struggles that we went through together, to have time for them to make decisions, to see the future for next year’s car. “After they take decisions, I will take mine. I want to stay loyal at least to that. I will not make any decisions without them making any decisions first. I’m relaxed, happy, and we’ll see what’s going on in the next few weeks.

F1 Raceweek: McLaren - Renault -Sainz mega- deal hangs over Singapore build-up. The unhappy marriage is set for divorce, however, with Renault reportedly agreeing to supply power units for A post shared by Fernando Alonso (@fernandoalo_oficial) on Sep 2, 2017 at 10:34am PDT.

Alonso 's new deal - a racing certainty once McLaren have dispensed with Honda - will probably be presented as a multi-year extension. Instead, when Merc did call Alonso , they were told Fernando couldn't move. The length of the McLaren - Renault deal It would be a major surprise if the anticipated

"The Renault deal is all done [and] Alonso staying is super news," he was quoted as saying.

"But I can't see why McLaren will be any happier with Renault than they are with Honda. It wasn't Honda's fault things didn't work out, it was McLaren's. Every day they had a fight about everything, instead of working with them, which was a little bit stupid."

Meanwhile, it is understood Honda will supply Toro Rosso from next season. Last week, it emerged that F1 executives were hoping to keep the Japanese giant in the sport even if McLaren were to walk away.

Renault had made clear it would work with McLaren only if they dropped the Italian team as they can not provide engines to more than three teams - Renault, Red Bull and Toro Rosso currently all run Renault engines - for fear of reliability issues.

It now appears a deal has been agreed, which will see Honda remain in F1 and supply Toro Rosso instead.

McLaren confirm Renault engine deal, Honda join Toro Rosso .
McLaren has announced a new engine partnership with Renault after it has opted to end its three-year association with current suppliers Honda. The Woking-based outfit has signed a three-year deal with the French manufacturer until the anticipated change in engine regulations in 2021. “Today’s announcement gives us the stability we need to move ahead with our chassis and technical programme for 2018 without any further hesitation, said McLaren’s group executive director Zak Brown. “As an organisation, McLaren has always worked extremely hard to form lasting partnerships with its technical suppliers. We’re convinced that we can bring real value to Renault Sport Racing as we work alongside it to develop this current power unit into a regular race winner.” Renault’s managing director Cyril Abiteboul added: “We are pleased to confirm a new partnership for Renault Sport Racing and McLaren Racing and excited to embark on this new relationship of these two historic brands in Formula 1 cooperating together for the first time. “McLaren is an inspirational team with two talented drivers which should not only support our engine development efforts but also act as a reference and an exam-ple in the ongoing construction of our chassis operations. “This is an exciting new beginning with a championship-winning team that is hungry to return to glory.” The switch in engine supplier has allowed Honda to link-up with Toro Rosso from 2018, keeping the Japanese company in Formula 1.

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