The Lawrence Stroll backed consortium, called Racing Point UK Limited, has won a major concession from FIA for the Sahara Force India team. The team has come out of administration in time to race at Spa. However, due to the new structure the team will start as a new team, with the points it had collected through the 2018 season being wiped out.

However, the drivers of the new Racing Point Force India team, Sergio Perez and Esteban Ocon will get to retain their points in the driver’s championship.

FIA has also clarified that the arrangement includes allowing the carry forward of the engine and gearbox allocations for the drivers.

The FIA said in a statement: “Following a disciplinary investigation and prosecution by the FIA under Article 4 of the FIA’s Judicial and Disciplinary Rules, the Sahara Force India F1 Team has accepted its exclusion from the 2018 FIA Formula One World Championship with immediate effect, due to its incapacity to comply with Article 8.2 of the Sporting Regulations moving forward, and forfeits all Constructors Championship points under Article 6.2.”

Formula 1 Chairman and CEO Chase Carey commented: “We are very pleased that the situation around Racing Point Force India has been resolved and that the team will continue to race in Formula 1.

“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. It’s enormously important that we have a full grid of competitive, capable teams in Formula 1 and we are confident that Racing Point Force India will go from strength to strength in the future.”

FIA President Jean Todt added: “I am very pleased that a strong, positive outcome has been reached and welcome the mid-season entry of Racing Point Force India.

“Creating an environment of financial stability in Formula One is one of the key challenges faced by the sport, however thanks to the hard work of the FIA, the Joint Administrators, Racing Point and Formula One Management we have a situation now that safeguards the future for all of the highly- talented employees, and will maintain the fair and regulated championship competition for the second half of the season.”

Meanwhile news has emerged of a possible legal challenge to the takeover of the Sahara Force India team itself by a losing bidder.

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