New Force India will still be known by old name - for now

New Force India will still be known by old name - for now

New Force India will still be known by old name - for now

In the wake of the purchase by Stroll's consortium, it was finally announced that they would be rebranded as Racing Point Force India, and that their two drivers, Sergio Perez and Esteban Ocon, could keep their points in the drivers' title race.

Indeed, the old team's full name had been Sahara Force India, but that prefix hadn't been commonly used in displaying race results and points standings.

Tune in to Sunday's Belgian Grand Prix and on the face of it very little will have changed for Force India.

Racing Point UK Limited is a consortium of investors including Canadian entrepreneur Andre Desmarais, Jonathan Dudman of Monaco Sports and Management, fashion business leader John Idol, telecommunications investor John McCaw Jr, financial expert Michael de Picciotto, businessman Lawrence Stroll and his business partner Silas Chou.

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The team have been stripped of all the Constructor Championship points they previously earned this season but have immediately rejoined the series with a new name and new management group.

The team will be registered as a new entity for the 2018 season and will lose the earlier points scored as Sahara Force India. That could prevent the team from racing this weekend.

Spa-Francorchamps - The Force India Formula One team will race under its new name Racing Point Force India at this weekend's Belgian Grand Prix.

"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".

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"As far as engine allocation goes, we had confirmation today from Charlie [Whiting] that we will continue with the engine allocation and gearbox allocation as if we never ceased racing", Szafnauer said.

"It is also very gratifying that in partnership with the stakeholders involved we have been able to safeguard the livelihoods of the many hundreds of people working at its Silverstone base".

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

'But the chassis name, which I think a lot of the journalists will still use, is Force India, ' he said.

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Otmar Szafnauer is expected to become the Team Principal and Chief Executive Officer of Racing Point UK Limited. Szafnauer thanked the FIA and F1 for helping the team to continue to compete in the championship. "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".

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