‘Racing Point ready to become top team as Aston Martin’

Racing Point’s Otmar Szafnauer says that, after thirty years, the Racing Point outfit is ready to step up to be frontrunners as the Aston Martin team.

Racing Point head into 2020 with a whole new lease for life after the recent announcement that they will become the Aston Martin works team in 2021, following the purchase by team owner Lawrence Stroll of almost 17% of the struggling Aston Martin Lagonda company. Stroll’s Racing Point made the purchase and signed a deal that will see the consortium grow their stake to a round 20% at the end of Aston’s technical partnership with Red Bull Racing at the end of 2020.

With the team’s finances secure, and significant investment from Racing Point into the long-term future of the Formula 1 team, team boss Otmar Szafnauer says he’s ‘incredibly excited’ about the development.

“It’s significant news for Aston Martin and for Formula 1 itself.” he said. “As one of the most iconic sports car brands in the world, Aston Martin needed a presence on the F1 grid and this solution delivers a fully-fledged works Aston Martin F1 Team from 2021 onwards.

It delivers a high-profile marketing platform for the road car division, which will enhance commercial appeal in all areas of the business.” Szafnauer continued. “There is also the obvious technical collaboration between the F1 programme and the road cars, with F1 technology filtering through to the products Aston Martin launches in the years ahead. This is particularly relevant to the mid-engine philosophy that is just around the corner. The competitive environment of racing is a rich avenue for innovation and the opportunity for technology cross-over is incredibly exciting.”

The team have existed in various guises for 30 years, having started off as Jordan from their Silverstone base in 1991. Through Jordan, Midland, Spyker, Force India and finally Racing Point, Szafnauer says the wealth of experience and knowledge available to the ever improving financial situation at the team means they are ready to step up to being a top team in F1: “It’s certainly provides a real injection of energy for the 465 loyal and hard-working staff in Silverstone. The team has been in business, under various names, for 30 years and is more than ready to become a manufacturer team.”

“Lawrence [Stroll] spoke to the staff last week and set out the clear objective to establish Aston Martin as one of the top teams in the sport. Everyone is proud to represent a legendary car manufacturer returning to the pinnacle of motorsport.”

However, for 2020, it’s not a case of treading water for the final year of the regulations while waiting for this rebrand. With such a huge reset on the horizon for the team, Szafnauer says there’s no fear of the team falling into the trap of just waiting for change:  “There’s no immediate impact on our current campaign and we will continue to compete as Racing Point until the rebrand takes place at the start of the 2021 season. From then we will be known simply as ‘Aston Martin F1 Team’ – so the Racing Point name will disappear.”

“It’s exciting to transition into a manufacturer team and we’ve got the best part of a year to make all those changes – much of which will be happening behind-the-scenes. It’s important we don’t take our eyes off the main task for 2020, which is to be competitive on the racetrack with the RP20.”

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Thomas Maher

Co-owner, Chief Editor and a journalist for FormulaSpy.com - Ireland's only accredited F1 & Formula E website. Enjoy my work - https://www.buymeacoffee.com/MidcHN8

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