TORONTO (Reuters) – Racing Point have put the cash-starved Force India days behind them and now have the resources to show Formula One what they can really do, the Canadian-owned team said on Wednesday.
Technical director Andrew Green told a livery launch, where Kenyan betting company SportPesa was announced as new title sponsors, that the buzz at the factory since the change of ownership was incredible.
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“The investment that’s in the team is absolutely unprecedented, there’s a real sense of we can show people what we can really do now. They have given us the tools to be able to move forward,” he said.
“It’s not a new chapter in the history of this team, we’re a new book now.
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“We’re all eager to prove that we can do more. If you give us a little bit more, we can do a lot more. Over the coming months you’ll see the team grow and develop and the performance of the car will increase at quite a dramatic rate.”
Force India went into administration in July last year with only 240,000 pounds ($308,376) to their credit while outstanding gross wages due at the end of that month totaled 2.2 million.
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Bankers Santander had already frozen the company’s accounts, a report by the administrators later revealed. There were also significant debts, including 13.7 million to engine providers Mercedes alone.
Racing Point, a consortium of investors led...
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