Italian businessman Flavio Briatore had been managing director of Benetton until 1997, when he was replaced by Prodrive boss David Richards.After managing Renault's motorsport sister company Mecachrome, he returned to the … Briatore restructured the Team, which counted over 1,100 people between France and UK factories, with his trademark management style of moderate budgets, optimization of … When Benetton opened his first five stores in the United States in 1979, he appointed Briatore as director of the group's American operations. Briatore is a beneficiary of Autumn Sailing Ltd, which purchased the super yacht In 2007 Briatore was linked to a takeover of English Championship In December 2007, Briatore and Ecclestone were joined as co-owners of QPR by multi-billionaire When interviewed about the QPR experience at an Italian chat show he stated "I will never invest in a Football Club again, it's only ever a good idea if you're very rich and looking for ways to waste your money. Jul.15 - Renault will be in Formula 1 "for a long time", according to the French works outfit's former boss.Flavio Briatore told Italy's Tuttosport that he helped his protege "We negotiated the return together. Thanks to Benetton's methods of franchising, the chain experienced a brief boom in popularity in the US, where, by 1989, there were 800 Benetton stores. "My goal is to try to do the triple crown, so I'm not thinking about F1 right now. The controversy centred on an early crash involving At the same hearing, the FIA banned Briatore from FIA-sanctioned events indefinitely. The Spaniard left the grid in 2018 after a number of frustrating years at McLaren that saw him fail to secure a single podium finish. "They delegated the writing of rules to engineers who do not care about the fans or entertainment, If Formula One does not change again in the near future, then the audience will be lost. Fernando Alonso's manager Flavio Briatore says the two-time world champion is ready to return to Formula 1 following his break from the sport in 2019 and 2020. In this video interview ex-F1 boss Flavio Briatore answers 10 questions about F1. He started at the Benetton team in 1990 and snatched Michael Schumacher away from Jordan in 1991 and had huge success with him, when the German became champion in 1994 and 1995.. In 2000, Briatore orchestrated the purchase of the Benetton Team by Renault and the French Company appointed Briatore as Renault F1 Team Managing Director. Nothing costs more, and delivers less entertainment, than hidden technology. I have known for two months," he said. When the Benetton team was bought by Renault, he stayed as … Briatore, having taken a cut of each franchising agreement, became very wealthy. The FIA also stated that it would not renew any Briatore later said he was "distraught" at the FIA's action and sued the FIA in French courts to clear his name.Briatore has always spoken out about his desires to see F1 provide better entertainment. It was an indecipherable and depressing show. Luciano Benetton appointed him commercial director of his Formula One team, Benetton Formula Ltd. (formerly Toleman), and when he fired the team management shortly thereafter, Briatore was promoted to managing director and set about turning Benetton into a competitive team. The Renault F1 Formula One team came into existence with the car manufacturer Renault's re-entrance into Formula One in 2000, by purchasing the Benetton Formula One team. However, Alonso turned his back on Briatore to sign for rivals Briatore replaced Alonso with Kovalainen for 2007, saying "with Kovalainen, I hope to find the anti-Alonso".Briatore resigned as team principal of Renault due to a race fixing scandal. Get tickets cheaper at F1-Fansite.com. Nobody goes to a race to see that kind of thing… People come to see Schumacher and Senna racing each other. As store owners began to complain of competition from other Benetton stores, the number of stores decreased to 200 and Briatore began to look for a new business.In 2000, Renault announced its plans to return to Formula One with the purchase of the Benetton Formula team. "Twelve years later his feelings were much the same: "The people in charge should be businessmen, as they are in Hollywood, not ex-engineers. Two years later he also became Managing Director of Renault Sport.