New Racing Point Force India team granted official F1 entry

The new Racing Point Force India team has been granted an official Formula 1 entry by the FIA in place of Force India, starting from this weekend's Belgian Grand Prix

New Racing Point Force India team granted official F1 entry

As revealed by Autosport on Wednesday, the FIA and the owners of the former Force India team have been working hard in recent days to create a new entry for the Silverstone-based outfit.

Following intense scrutiny of the legal situation surrounding the takeover of Force India by a consortium led by Lawrence Stroll, the FIA has subsequently approved an all new entry.

That means the former Force India entry has been officially annulled, with the FIA ruling that the team is excluded from the world championship with immediate effect.

This action forfeits its constructors' championship points.

"The new Racing Point Force India Team is delighted to be able to race when the championship resumes in Belgium this weekend," said Otmar Szafnauer, the former Force India COO who has been appointed Racing Point's team principal.

"This heralds a new and exciting chapter for us. Just a few weeks ago, an uncertain future lay ahead, with more than 400 jobs at risk; now the new team has the backing of a consortium of investors, led by Lawrence Stroll, who believe in us as a team, in our expertise and in our potential to achieve success on the track.

"We are grateful to the FIA, the Joint Administrators and Formula One Management for their support in helping us achieve such a welcome outcome and ultimately, we trust, for the sport and its many fans."

FIA president Jean Todt said: "I am very pleased that a strong, positive outcome has been reached and welcome the mid-season entry of Racing Point Force India.

"Creating an environment of financial stability in Formula One is one of the key challenges faced by the sport, however thanks to the hard work of the FIA, the Joint Administrators, Racing Point and Formula One Management we have a situation now that safeguards the future for all of the highly-talented employees, and will maintain the fair and regulated championship competition for the second half of the season."

Stroll, who has invested in the team alongside six others, has pledged to inject extra funding into the squad and try to take it "to the next level".

"On Monday I stood in front of the workforce at Silverstone and Brackley and applauded the achievements of this team in recent years," Stroll said.

"The strength of any company is the people that make it up and it's a huge privilege to begin this exciting new journey with such a talented group of men and women.

"I've been fortunate to establish and grow a number of successful businesses, but the opportunity to take this team forward to the next level is perhaps the most exciting challenge yet.

"Together with my fellow shareholders, we will invest in new resources and bring fresh energy to empower the workforce to continue racing at the very highest level.

"We are all passionate about motor racing; we recognise the racers' spirit in Force India, and we are extremely motivated to make this team even more special in the years ahead."

shares
comments
F1 title rivals Hamilton, Vettel set to use upgraded engines at Spa
Previous article

F1 title rivals Hamilton, Vettel set to use upgraded engines at Spa

Next article

Red Bull denies Alonso's claim it offered him 2019 F1 seat

Red Bull denies Alonso's claim it offered him 2019 F1 seat
The pioneering pair who brought a new glory era to an F1 heavyweight  Plus

The pioneering pair who brought a new glory era to an F1 heavyweight 

With the team’s founder now retired and a new boss at the helm, change was coming to Brabham – change that would shape the future of Formula 1. In the third part of our four-part history of Brabham, DAMIEN SMITH examines the effect Bernie Ecclestone had on the team

The combination behind the Silverstone racing battles Hamilton called "F1 at its best" Plus

The combination behind the Silverstone racing battles Hamilton called "F1 at its best"

OPINION: The late battling in the British Grand Prix wowed Formula 1 fans and surely represents the best racing action of the season so far. And there was a cocktail of factors that created the action, from which Carlos Sainz emerged as a popular new winner

How Ferrari’s Monaco headache became its Silverstone migraine Plus

How Ferrari’s Monaco headache became its Silverstone migraine

OPINION: Ferrari won the British Grand Prix with Carlos Sainz, but it ultimately cost Charles Leclerc a chance to make a bigger dent in Max Verstappen's title lead by leaving the Monegasque out on old tyres towards the end. Like Monaco, indecision over strategy proved to be the Scuderia's biggest issue - and if the team doesn't reflect, the headache can only intensify

Formula 1
Jul 5, 2022
The five factors behind Sainz winning a British GP he’d twice lost Plus

The five factors behind Sainz winning a British GP he’d twice lost

Formula 1 has a newest race winner, in a grand prix the victor appeared to have lost twice, only to charge back to headline a sensational and dramatic British Grand Prix. From a massive start crash to a late sprint finish, here’s how five factors saw Carlos Sainz take his maiden grand prix win

Formula 1
Jul 4, 2022
Why there was no case to answer in Aston’s latest F1 copycat saga Plus

Why there was no case to answer in Aston’s latest F1 copycat saga

The appearance of a revised Aston Martin in Spain caused controversy but PAT SYMONDS explains why the FIA investigation found the Silverstone team had no case to answer

Formula 1
Jul 3, 2022
Why it's Red Bull that really leads a three-way fight so far at Silverstone Plus

Why it's Red Bull that really leads a three-way fight so far at Silverstone

After a slow start to Friday at Silverstone, all the Formula 1 teams had to effectively cram in a day’s worth of practice into one hour. But there was still plenty to learn and while Ferrari topped the times, a three-way battle is brewing ahead of the British Grand Prix

Formula 1
Jul 2, 2022
Why the future is bright for the British GP Plus

Why the future is bright for the British GP

It wasn’t so long ago the situation looked bleak at Silverstone with the future of the British Grand Prix under threat. But a transformation has seen it restored to one of the most important races on the Formula 1 calendar, with bigger and better to come

Formula 1
Jul 1, 2022
Could mixed fortunes for F1's leading Brits turn around at Silverstone? Plus

Could mixed fortunes for F1's leading Brits turn around at Silverstone?

For the first time in many years, none of the local racers starts among the favourites for the British Grand Prix. But George Russell, Lewis Hamilton and Lando Norris could have reasons for optimism

Formula 1
Jun 30, 2022