Petrov's Renault race-seat in jeopardy

Vitaly Petrov's Formula One is reportedly on the line after a bank loan needed to pay Renault was put on hold.

It is a known fact that Petrov, who finished runner-up in last year's GP2 Championship, is paying Renault an estimated £13 million for his chance at Formula One.

But, according to reports in the Russian media, his race-seat is in jeopardy as his father, Alexander Petrovic, has yet to secure a loan to pay Renault the first installment.

Petrovic, who has had to put his property up as security for the loan, told sovsport.ru that the money from the bank has "still not been received."

He added that if Renault weren't paid by the first of March they would replace his son with another driver.

25-year-old Petrov made his Renault debut at Valencia last week, finishing six out of the seven drivers in action on Day Three.

'Petrov's Renault race-seat in jeopardy' - Planet-F1 News from planet-f1.com