Force India gets new name; will be considered as a new team

Force India reborn as Racing Point

Force India renamed Racing Point Force India for rest of 2018 season

Esteban Ocon and Sergio Perez do, however, retain their points.

However, all 59 points scored by the team in its Sahara Force India F1 Team guise have been voided, leaving the new setup to start from nothing - ending all chances of a third successive top four finish in the Constructors' Championship.

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. Formula One and the FIA, they don't like chassis name changes, and I understand why because it confuses the fans. Exceed that allocation and the driver of the auto starts incurring grid penalties, so it would be an obvious advantage for Force India to start from zero in Spa.

The team was then bought by a consortium led by billionaire Lawrence Stroll, which made a decision to rebrand the team as Race Point Force India, and has been approved as a completely new entry by the FIA.

Szafnauer confirmed that the new entry, fresh start and loss of points was because the administrators, appointed in July, had sold only the team's physical assets to Stroll rather than the shareholding.

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"I wish him all the best with Force India, it is definitely a very exciting future for him".

"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.

"We've achieved some good success in the past, last year, so right now I'm going to try and beat them [Force India]".

Force India are set to compete in the Belgian Grand Prix despite the fact that there were originally doubts that they would be able to do so following the intense scrutiny of the legal situation surrounding their takeover.

"So we will stay Force India until the end of the year and then decide what to call it thereafter". "I've got to thank the teams for supporting us". Racing Point just happens to be the name of the company in the United Kingdom that own the assets.

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The investors are 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.

"As far as engine allocation goes, we had confirmation today from Charlie that we will continue with the engine allocation and gearbox allocation as if we never ceased racing". But as things stand Szafnauer was not willing to comment on a change of drivers.

"I know what I'm doing for next year, so when there is a time to communicate, I think I will communicate", he added.

"At the moment I am at Williams and we will see what happens with me in the future".

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