Racing Point F1 unveils new livery and sponsor in Toronto

RacingPoint

RacingPoint

Like many other private teams, Racing Point are hoping that a reboot of the sport planned for 2021, with new technical regulations and a more equitable system for distributing prize money, will enable them to close the gap to the front.

The Canadian team, whose 2019 vehicle is called the RP19, has also revealed a new title sponsor in the form of betting company SportPesa.

Racing Point will entrust its new auto, which will be presented in Barcelona next week, to Sergio Perez and new recruit Lance Stroll, the son of the team's main shareholder and investor, billionaire Lawrence Stroll who was instrumental in ensuring the Silverstone-based squad's survival last summer.

But despite having to renter as a new team from the last nine races starting with the Belgian Grand Prix, they picked up enough points to climb to seventh place in the championship.

"The name, it took us a while", explained team principal Otmar Szafnauer during the launch. "We want to be fighting for podiums on merit and aiming for a strong top four finish in the championship".

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Last year Canadian billionaire Lawrence Stroll led a consortium to save Force India from administration. We all want to start understanding the various aspects of the car's performance; understanding all the mechanical and aerodynamic improvements of the auto, our new power unit and make sure our reliability is sound.

Perez said: "We have stability and strong leadership at the top, which is important because it means I can simply focus on the driving and performance. I would be very pleased if we can have a couple of podiums as well - and, why not, our first victory together".

The former Force India team will now be known as SportPesa Racing Point Formula 1 Team, with the core Racing Point team name remaining in place after plans over the winter to change it. "We started off with Racing Point as our company name and took from then to now to discuss it".

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