Fernando Alonso returning to Renault in 2008

It's widely being reported now that ace F1 driver Fernando Alonso has signed a letter of intent to rejoin Renault, his former team that he left this year to drive for McLaren-Mercedes. That, as we all know, hasn't turned out so well, with Alonso and his fellow teammate Lewis Hamilton constantly talking smack about each other or not talking to each other at all.
The signed letter of intent is reportedly a preamble for a three-year contract lasting from the 2008 season through 2010 and worth over $100 million. The deal hinges, however, on whether or not Alonso can get out of his current contract with McLaren that extends through the 2008 season with an option for 2009. If Alonso and Lewis keep acting like squabbling siblings, then McLaren may be more than happy to unload the champion to restore peace and order.

[Source: F1-Live.com, photo by Clive Mason/Getty]

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