Formula One news

Briatore: Red Bull-Renault deal is close

Renault F1 team boss Flavio Briatore has admitted the French engine manufacturer is close to signing a deal with Red Bull. Renault would supply one of the two Red Bull-owned F1 teams with customer engines next season.

"We are in negotiations but it's not done yet -- done meaning when you sign the deal," Briatore told Reuters. "But we are working to finalise it this week and supply the engine to Red Bull."

Renault will be signing the deal with Red Bull Racing's parent company 'Red Bull' rather than the racing team. It is up to Red Bull to decide if Red Bull Racing or Scuderia Toro Rosso will run the Renault engines next season. Briatore said: "After that (signing the deal) it is a decision for Mateschitz and Berger to decide if its Red Bull or Toro Rosso."

The Toro Rosso F1 team is currently using the restricted Cosworth V10 engines, while Red Bull Racing is using Ferrari engines.

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