There are certain Formula One teams that come with deep pockets. Ferrari and McLaren come to mind. Other teams, however, are always a bit on edge and the Renault F1 team was just dealt a brutal blow.
Formula One is made up of three types of teams. The first one is the privateer. It is a private race team that uses engines and other components that it buys from manufacturers. The Williams team is an example. The second type of team common in Formula One is the manufacturer team. As the name suggests, this team is started, owned and run by a road car manufacturer. BMW Sauber is an example of such a team. The third type of team in …