Force India to remain in F1 under new name after takeover

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SPA-FRANCORCHAMPS, Belgium (AP) — Force India will remain in Formula One as a renamed team under new ownership following a successful consortium takeover by Canadian billionaire Lawrence Stroll.

F1’s governing body, FIA, confirmed Thursday that the team can continue to compete as the Racing Point Force India team. The name change is because the team had to apply as an entirely new outfit.

British-based Force India was excluded from this year’s championship after going into administration last month.

A consortium of investors led by Stroll – the father of Williams F1 driver Lance Stroll – moved in to save Force India and its 400 employees by bringing it out of administration.

The sale of the business to the new consortium – known as Racing Point UK Limited – has officially gone through and the renamed team can resume racing at this weekend’s Belgian Grand Prix at Spa-Francorchamps.

“We are very pleased that the situation has been resolved and that the team will continue to race in Formula One,” F1 chairman and CEO Chase Carey said. “It is also very gratifying that, in partnership with the stakeholders involved, we have been able to safeguard the livelihoods of the many hundreds of people working at its Silverstone base.”

The renamed team will lose all the points gained by Force India, which was sixth in the constructors’ championship with nine races left this season, and start again from scratch. Drivers Sergio Perez of Mexico and Esteban Ocon of France are not impacted and will retain their points.

Last month, Perez took legal action against Force India to save its immediate F1 future by forcing it into administration. Perez’s legal action was supported by creditors including engine supplier Mercedes.

Force India reportedly owes more than 10 million pounds ($13 million) to Mercedes and around 3 million pounds ($3.9 million) to Perez.

Reflecting on the takeover, Lawrence Stroll said “we will invest in new resources and bring fresh energy to empower the workforce.”

That could also mean signing his 19-year-son.

When asked at a news conference on Thursday if he was staying with Williams, the teenage driver did not commit.

“At the moment I’m at Williams, we’ll see what happens with me in the future and I wish (my father) all the best with Force India,” he said. “It’s definitely a very exciting future for him.”

Formula E announces Portland, Oregon as US race in 2023

Formula E Portland 2023
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The American date for the 2023 Formula E schedule will move from Brooklyn, New York to Portland, Oregon on June 24, 2023, filling the calendar at 16 rounds. This will be the first time in the nine-year history of the series that they have raced on the West Coast in only the third different city in the United States. Miami hosted one Formula E race in 2015. The series has visited the United States every season except 2020 due to the COVID-1+9 pandemic.

The 2023 race will be Round 12.

“We are excited to bring the premier electric motorsport world championship to Portland for the first time in June next year,” said Alberto Longo, Co-Founder & Chief Championship Officer, Formula E in a press release. “There is a big, passionate fanbase for professional sports in the city, together with strong ecological credentials which makes Portland a perfect host for the ABB FIA Formula E World Championship.

“The USA remains an important market for Formula E. We are delighted to maintain that critical presence and engage a new audience in the Pacific Northwest region in all-electric motorsport.”

MORE: McLaren Racing’s Ian James organization’s entry into Formula E

Last year’s American round in Brooklyn was made up of two races with Nick Cassidy from Envision Racing winning Race 1 and António da Costa from DS Techeetah taking the second race.

Portland will host only one Formula E race in 2023.

The 2023 season will be highlighted by the new Gen 3 car, which features a battery capable of generating 350 kilowatts with regeneration capability from both the front and rear axles. This contributes to a top speed of 200 miles per hour (m.p.h.), an increase of about 25 m.p.h. from last year.

The 2023 season also marks the entry of two new iconic teams, Maserati and McLaren, who completed their roster of drivers in late November with the addition of Jake Hughes.

Season 9 Calendar

Round 1:  January 3, Mexico City, Mexico
Rounds 2 & 3: January 27-28, Diriyah, Saudi Arabia
Round 4: February 11, Hyderabad, India*
Round 5: February 6, Cape Town, South Africa*
Round 6: March 8, São Paulo, Brazil*
Rounds 7 & 8: April 22-23, Berlin, Germany
Round 9: May 6, Monaco
Rounds 10 & 11: June 3-4, Jakarta, Indonesia
Round 12: June 24, Portland, Oregon*
Rounds 13 & 14: July 15-16, Rome, Italy
Rounds 15 & 16: July 29-30, London

*subject to final FIA Safety and Technical checks,