The roller coaster of Force India’s ownership has finally ended with the team now being handed over to the consortium led by Lawrence Stroll and being renamed as Racing Point Force India. This means that Force India will cease to exist and the team will start fresh under the new name with 0 constructor points starting Spa.
Racing Point UK, the company behind the ownership has appointed Otmar Szafnauer as the CEO and Racing Principal of the team with immediate effect. He’s been with the team since 2010 and credited with the recent upswing in team’s performance. Other notable changes include deputy team principal, Robert Fernley, who will be standing down immediately.
With all 400 jobs saved, its a terribly good news for the team and its employees that FIA has accepted their mid season entry.
“On Monday I stood in front of the workforce at Silverstone and Brackley and applauded the achievements of this team in recent years,” said Lawrence Stroll. “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.”
Commenting on this, the newly appointed team principal said, “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.”
Engineer in the making. Loves cars, Formula One , Tennis and Tech. Big fan of the 80s and 90s era of Formula One. #KeepFightingMichael