Post by build Post by Sir Tim
Seems that the new entity will not be able to retain rights and prize money
accrued by Force India because to do so required approval from all the
other teams and three of them (Williams, McLaren and Renault) would not
agree, despite pressure from Chase Carey. Okay, but in that event surely
the engine and gearbox allocations should be reset for the new team.
Apparently, however, the FIA is insisting that the old FI allocations must
stand. Doesn’t seem fair.
No. Racing Point Force India will get the money that Force India earned in previous years. Only this years points money has been forfeited. Vijay Mallya caused that problem not the other teams.
A full explanation of this very complex situation would require someone more didactic (i had looked that word up) than myself but I'll try to persuade someone to pen it.
This story has some interesting information on that:
Force India to Race at Belgian GP Under New Name and Ownership
The team now known as Racing Point Force India will start fresh with the
former organization's Constructors' Championship points forfeited.
BY CALEB JACOBSAUGUST 23, 2018
ACCELERATORFORCE INDIAFORMULA 1MOTORSPORTRACING NEWS
CALEB JACOBSView Caleb Jacobs's Articles
The Formula 1 team formerly known as Sahara Force India has taken on a
new guise and will run under its banner at the upcoming Belgian Grand
Prix. As a result, drivers Esteban Ocon and Sergio Perez will retain
their awarded points in the Drivers' Championship while SFI has been
forced to surrender its Constructors' Title progress to start anew as
Racing Point Force India at Spa-Francorchamps.
On Thursday, the FIA approved the submission for two entries under the
Racing Point Force India name. It will be treated as a new team and take
to the grid this weekend with zero points.
Force India was recently redeemed from administration after being bought
by a consortium led by Canadian billionaire Lawrence Stroll, father of
current Williams F1 driver Lance Stroll. The move enabled a financial
revival and the retainment of all 405 Force India employees according to
an early-August report.
Sergio Perez has played a major part in the recent Force India saga,
initially nudging it into administration in July.
Racing Point’s Team Principal Otmar Szafnauer was pleased to make the
announcement ahead of this weekend's Grand Prix, the first since F1
began its summer break in July.
“The new Racing Point Force India Team is delighted to be able to race
when the championship resumes in Belgium this weekend," Szafnauer said.
“This heralds a new and exciting chapter for us. Just a few weeks ago,
an uncertain future lay ahead, with more than 400 jobs at risk; now the
new team has the backing of a consortium of investors, led by Lawrence
Stroll, who believe in us as a team, in our expertise and in our
potential to achieve success on the track."
“We are grateful to the FIA, the Joint Administrators and Formula One
Management for their support in helping us achieve such a welcome
outcome and ultimately, we trust, for the sport and its many fans,"
Jean Todt, president of the FIA, was also content in a Thursday
announcement: “I am very pleased that a strong, positive outcome has
been reached and welcome the midseason entry of Racing Point Force India."
Todt continued, “Creating an environment of financial stability in
Formula 1 is one of the key challenges faced by the sport, however
thanks to the hard work of the FIA, the Joint Administrators, Racing
Point and Formula One Management we have a situation now that safeguards
the future for all of the highly-talented employees, and will maintain
the fair and regulated championship competition for the second half of