Force India Formula One Team Limited, commonly known as Force India and later Sahara Force India, was a Formula One racing team and constructor based in Silverstone, United Kingdom, with an Indian licence. Video WATCH: Overtakes, spins and crashes – the top 10 best onboards from the Bahrain GP. The share sale was reliant on approval from the Indian banks who had frozen Vijay Mallya’s assets, and thus when it became clear that it could not be completed in time because that approval was not forthcoming, FRP agreed to switch to a sale of the team’s assets and the pre-arranged price of £90m. The team was formed in August 2018 when investors purchased the assets of Sahara Force India F1 team, which was operating under administration. RaceFans > Essential F1 information > F1 Teams > Racing Point / Force India > Force India F1 drivers. Force India F1 Statistics. At the Belgian Grand Prix, Force India achieved 3rd and 4th place during a qualifying which was hit by rain during the final part. [9] They finished the next race in Italy in 6th and 7th, therefore jumping to 7th in the Constructors' Championship, ahead of Sauber, Toro Rosso and Williams. The team was formed in August 2018 when investors purchased the assets of Sahara Force India F1 team, which was operating under administration. The new company created a new constructor with the assets and entered the sport prior to the 2018 Belgian Grand Prix, taking the vacated entry of the original Force India team. Force India; Share. Notes * Force India's 59 points were voided and the team excluded from the championship before the Belgian Grand Prix.The team's assets were sold and then re-entered under the same "Force India-Mercedes" name by a newly-formed team Racing Point Force India; this team was treated as a separate entrant in the Constructors' Championship. Formula 1. The newly-formed team then had to apply for participation in the Formula One World Championship under a new name while retaining the chassis name as part of the new constructor name – thus resulting in the adding of "Racing Point" to the "Force India" chassis constructor's name. Racing Point Force India F1 team. 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. Force India had just £240,000 in its bank account at the point administration started on July 27. Despite having a possible edge this weekend, the reigning Formula 1 world champion squad is not taking anything for granted... Mercedes may find itself leading the drivers' and constructors' standings after Lewis Hamilton's victory in the Bahrain Grand Prix, but it is well aware that it came against the odds, with Red Bull clearly ahead. In the race they managed 5th and 6th place, thereby collecting 18 points allowing them to take the 9th place in the Constructors' Championship at the conclusion of their first Grand Prix. Force India F1 Team went into administration but then was bought out and saved, returning to the grid in Belgium. Das Racing Point F1 Team (kurz Racing Point) ist ein mit britischer Lizenz fahrender Formel-1-Rennstall mit Sitz im englischen Silverstone. Force India has got a new FIA approved entry into the sport under the name Racing Point Force India and the new entity will race from the Belgian Grand Prix. But it could have been so different, says Nigel Roebuck. Here's what to look out for and the developments to follow at the Emilia Romagna Grand Prix, After a pandemic-hit winter of seat-swapping, F1 kicked off its season with several new faces in town, other drivers adapting to new environments, and one making a much-anticipated comeback. Racing Point provided a £15m loan, which allowed BWT’s earlier loan of £5m to be repaid. 2010. Previous team. With the new entry, Force India forfeits all its constructors’ championship points for the season and starts from zero. Das Team entstand im August 2018 und war in der Debütsaison als Racing Point Force India F1 Team gemeldet. But two key underlying factors mean a turnaround is no guarantee. The drivers, however, were able to keep their points in the Drivers' Championship. 2009. Force India’s Esteban Ocon was tired but happy after a massive mid-field battle and a decent haul of points wrestled in Silverstone’s blistering heat on Sunday. The list also confirmed that Haas will be known officially as "Rich Energy Haas F1." F1 cars are designed the year before they race on track so Force India’s costs hit $119 million (£90.7 million) in 2013 when it was working on one which would meet the new regulations. Aston Martin’s only previous foray into Formula 1 in the late 1950s was a short-lived and unsuccessful affair. The team used the constructor name "Force India", competed under a British licence and was based in Silverstone, United Kingdom. The foundations of Force India are found in a joint-venture set up by the Mol Family (headed by Michiel Mol) and Dr. Vijay Mallya, an Indian businessman. Force India is the latest incarnation of Jordan, the Silverstone-based team Eddie Jordan sold to Alex Shnaider in January 2005, thereby bringing the Irish team's F1 endeavours to an end after fourteen years. FRP had dismissed Vijay Mallya’s claim that he was a creditor to the tune of £159m, and in fact stated that Mallya and fellow shareholder Sahara actually owe the company £4.2m. Now equipped with a Red Bull car that is, right now, the world title favourite and the experience to support his talent, could 2021 be the Dutchman’s year to topple the dominant force of Lewis Hamilton and Mercedes? For the original Force India Formula One team, see, "Lance Stroll's father agrees Force India takeover deal to save all 405 jobs", "Racing Point UK Limited acquires Force India Formula One Team | Force India F1", "Racing Point F1 confirms 2019 name change", "How the FIA used little-known Formula 1 rules to save Force India", "Force India to be renamed Racing Point for 2019", "FIA allows new entry to save Force India – Speedcafe", "Rival Formula 1 teams allow Force India to keep prize money", "Force India F1 driver Ocon needed 'one metre' to lead Belgian GP", https://en.wikipedia.org/w/index.php?title=Racing_Point_Force_India&oldid=1012298070, Creative Commons Attribution-ShareAlike License, Racing Point Force India Formula One Team, This page was last edited on 15 March 2021, at 16:59. For that season the team continued to run as Jordan before morphing into Midland for 2006. Force India to disappear from 2019 grid after Racing Point F1 rebrand. 2011. It adds that the Racing Point proposal included a “fall back offer” to acquire the business and assets for £90m in case the share acquisition could not be completed in time. Adrian Sutil Vitantonio Liuzzi. Racing Point F1 team principal Otmar Szafnauer has confirmed details of the squad's name and livery for 2019, with the outfit formerly known as Force India set to undergo another change of moniker before action resumes at next year's Australian GP. Ferrari unveils new F1 livery ahead of the Japanese GP, Haas hints at progress on Force India prize money row, The first in a line of world beaters was designed in a back bedroom and then constructed in a shed. Dr. Vijay Mallya, chairman and team principal, Force India Formula One Team: The setting up of the Force India F1 Team Academy is a historic milestone in the sports arena in India. July 27, however, were able to keep their points in the drivers championship. 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