Formula 1: Racing Point UK Limited acquires Force India Formula One Team

Esteban Ocon (FRA) Sahara Force India F1 VJM11. Monaco Grand Prix, Sunday 27th May 2018. Monte Carlo, Monaco. | Photo Force India
Este­ban Ocon (FRA) Sahara Force India F1 VJM11. Mona­co Grand Prix, Sun­day 27th May 2018. Monte Car­lo, Mona­co. | Pho­to Force India

Rac­ing Point Force India F1 Team will make its debut at this weekend’s Bel­gian Grand Prix fol­low­ing the acqui­si­tion of the Force India For­mu­la One Team by Rac­ing Point UK Lim­it­ed. The new own­er­ship was finalised on Thurs­day 16th of August with a con­sor­tium of investors led by Lawrence Stroll agree­ing terms to secure the future of the team.

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.

Rac­ing Point UK Lim­it­ed has appoint­ed Otmar Szaf­nauer as Team Prin­ci­pal and CEO with imme­di­ate effect. Otmar has been with Force India since 2010 as Chief Oper­at­ing Offi­cer and has played a piv­otal role in the team’s progress up the grid.

The team’s Deputy Team Prin­ci­pal, Robert Fern­ley, will stand down from his role. The remain­der of the senior man­age­ment team remains unchanged.

For the rest of the 2018 sea­son the cars will com­pete as Rac­ing Point Force India F1 Team in pink, white and blue.

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

Otmar Szaf­nauer, Team Prin­ci­pal and CEO:As we return from the sum­mer break and pre­pare for the upcom­ing Bel­gian Grand Prix, I want to thank all the staff for their resolve and loy­al­ty dur­ing the peri­od of tran­si­tion. Now that we are under new own­er­ship and the future of the team is secure, we can focus on doing what we do best – going rac­ing. We have a great man­age­ment team in place and this sta­bil­i­ty will be extreme­ly valu­able as we begin the new era. I would like to thank Bob Fern­ley for his con­tri­bu­tion to the suc­cess of this team over the last ten years and recog­nise the sup­port of the pre­vi­ous share­hold­ers for mak­ing Force India what it is today.”

Force India na Jlpress

Joao Lamares

Joao Lamares

Editor in Chief at JLpress News
Fotógrafo profissional desde 1999, colaborou com diversas empresas, agencias de publicidade e gabinetes de imprensa.
Colaborou com o Blog Fashion Heroines como fashion phortographer.
É o fotógrafo oficial da Colorida Art Gallery.
Fundou a JLpress Sport News and Photo em abril de 2016 onde acumula os cargos de Diretor de conteúdos e fotógrafo.
Joao Lamares

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