Briatore to call it quits in 2010

Renault boss Flavio Briatore has revealed that he intends to remain in Formula One for another two years before quitting.

The Italian will take on a revised and less hands-on role at Renault next year when his contract runs out with the French team.

He told journalists that after 2009 he will walk away from the sport. The comments came as he responded to a question about whether he would ever work for Ferrari.

“I like to beat Ferrari but when my team doesn’t win, being Italian, I obviously support Ferrari,” he is quoted as saying by Reuters.

“But I don’t think I will go to work at Maranello, especially as in two years I will stop.”

Renault has been hit hard by plummeting car sales and there are fears that the French manufacture could follow Honda’s lead by withdrawing from the sport.

Briatore has admitted this year that he has been considering whether to recommit to the team given the likelihood of a vastly reduced budget in 2009.