The team is to be known as Racing Point Force India F1 Team under its new management, after a takeover by a consortium led by Canadian billionaire Lawrence Stroll two weeks ago.
Approaching the Belgian Grand Prix, the team was unsure if they had the possibility to race, as the consortium that bought Force India had to get the approval of thirteen banks that had credits on the team. The full approval arrived after the deadline, so the consortium did not buy the full team, but only its assets.
The team then had to participate in the F1 Championship under a new name, thus the adding of "Racing Point" to the team's name.
The FIA excluded the former Force India entry from the championship "due to its inability to complete the season", and welcomed the new entity (Racing Point Force India F1 Team) that will be able to race, but will not be able to continue with any points of the old team. The drivers, however, will keep their points in the Drivers' Championship.
The team continue with drivers Sergio Perez and Esteban Ocon for the Belgian Grand Prix. Although Stroll's son Lance, drives for Williams, is expected to join them by the start of next season, if not replaces Ocon by the Italian Grand Prix some rumours going around.
Lawrence Stroll is the effective team boss, but it is being run on a day-to-day basis by chief operations officer Otmar Szafnauer who is the new Team Principal and CEO.
While Deputy team principal Bob Fernley, a close ally of former owner Vijay Mallya, has left the team.
In the end it doesn't matter if the team is new or not (in my opinion they are not due to its the same old team from top to bottom just new owners), new name or not (my guess the Force India name will disappear after the end of the season) 400 jobs are saved and most importantly the team can go racing.
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