TORONTO , Canada – Canadian crew Racing Point has relegated its cash-starved Force India days to history and, with fresh resources, intends to show Formula 1 what it really can do.
Reuters reports that the RP19 car was unveiled at Toronto’s Canadian international auto show.
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Technical director Andrew Green said at the early February 2019 launch, supported by Kenyan betting company SportPesa, that the buzz at the factory ”was incredible”, adding: “The investment in the team is unprecedented… there’s a real sense we can show what we can really do.
“It’s not a new chapter – it’s a new book.”
ACCOUNTS FROZEN
Force India went into administration in July 2018 year with the equivalent of only R4.4-million in the bank and about R40-million owed in wages.
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Bankers Santander had already frozen the company’s accounts and another were also significant debts, including the equivalent of nearly R2.5-million owed to Mercedes for engines.
Racing Point is a consortium led by Canadian billionaire Lawrence Stroll whose son Lance drives for the team.
