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

FIA has approved Racing Point UK Limited as the new owners of the Force India F1 team. 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.

Apart from the name change to Racing Point Force India F1, a few changes to the team have also been made. The team has appointed Otmar Szafnauer as Team Principal and CEO with immediate effect. He served as the team's COO since 2010. Robert Fernley, the deputy Team Principal has stepped down from his role. There are no other changes to the management.

The team will be registered as a new entity for the 2018 season and will lose the earlier points scored as Sahara Force India. However, the drivers – Esteban Ocon and Sergio Perez are expected to retain their individual points in the driver’s standings.