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Formula One have confirmed that Racing Point F1 will be renamed as Aston Martin Racing in 2021 after team owner Lawrence Stroll secured a significant investment into the iconic British manufacturer.
A consortium led by the father of current F1 driver Lance Stroll has invested £182m into the struggling British marque, which has seen its share price plummet since being made public in October 2018, with the Canadian securing a 16.7 per cent stake in the company and being installed as chief executive in the process.
The move is part of a £500m emergency fund, with the rest of the money set to come from existing investors, and follows a disappointing 2019 that saw its finances plummet from earnings of £247.3m to between £130m and 140m.
Stroll’s acquisition of the team means that the current relationship between Aston Martin and Red Bull Racing – a title-sponsorship agreement that was struck at the start of the 2018 campaign – will end at the end of the 2020 season, at which point Racing Point will be rebranded on an initial 10-year deal.
However, both Red Bull and Aston Martin have committed to the ongoing Valkyrie hypercar project, which will see their move into the newly-formed World Endurance Championship category from next season.
Created with Sketch.
Created with Sketch.
1/21 F1 2020
The Formula One grid shows just two changes from the Class of 19, meaning there will be a fair few familiar faces returning next season. Here's how the grid lines up.
REUTERS
2/21 Mercedes – Lewis Hamilton (No 44)
Heads into his 14th season in F1 as a newly-crowned six-time world champion and is showing no signs of allowing his stranglehold on the sport to ease. Will once again be the man to beat, but his future could well prove the biggest talking point in 2020.
AFP via Getty Images
3/21 Mercedes – Valtteri Bottas (77)
Bottas comfortably made second place his own in 2019 but he still needs to find an extra gear or two if he is going to really challenge his teammate. Whether or not his divorce affected him mentally throughout the season only he will know, but a more focused and driven Valtteri Bottas could arrive on the grid next season if his distractions are out of his mind.
Getty Images
4/21 Ferrari – Charles Leclerc (16)
Based on results in 2019 the Ferrari No 2 should step up and become the Ferrari No 1, but will that actually happen? Regardless, Leclerc impressed immensely in qualifying last season, taking five pole positions including four in a row, and he finally found himself on the top step of the podium in a sign of things to come.
Getty Images
5/21 Ferrari – Sebastian Vettel (5)
Perhaps the most under-pressure driver in the sport in 2020, Vettel knows another year of failing to meet the grade will almost certainly end his time with Ferrari, particularly with so many good drivers on the market in 2021. Vettel showed signs of the fire within him still burning with his win in Singapore, but much more will be expected from the four-time world champion.
Getty Images
6/21 Red Bull – Max Verstappen (33)
A year wiser and with a car that improved rapidly as the season wore on, Verstappen could prove the biggest challenge to Hamilton and Mercedes in 2020 if Red Bull can find that top level consistency they crave. Verstappen is also out of contract next year and will be as sought-after as Hamilton, and a season-long duel between the two would spice up that uncertainty no end.
Getty Images
7/21 Red Bull – Alexander Albon (23)
Has convinced Red Bull enough in his half a season with the team to bag himself the second seat with the team for next year, or at least for the start of it. Looked a calm head on talented shoulders in 2019 and should have had a deserved podium in Brazil had it not been for Hamilton’s rash overtake attempt, but now he will have to start closing the gap to Verstappen if he is to secure a long-term future.
Getty Images
8/21 McLaren – Carlos Sainz (55)
The ‘best of the rest’ last season will hope to build on the late podium that he secured in Brazil that ended McLaren’s long five-year drought, with aspirations that the British team will be looking up at the top three rather than down over their shoulder.
Getty Images
9/21
Getty Images
10/21
Getty Images
11/21
AFP via Getty Images
12/21
Getty Images
13/21
Getty Images
14/21
EPA
15/21
Getty Images
16/21
REUTERS
17/21
REUTERS
18/21
REUTERS
19/21
Getty Images
20/21
Getty Images
21/21
REUTERS
1/21 F1 2020
The Formula One grid shows just two changes from the Class of 19, meaning there will be a fair few familiar faces returning next season. Here's how the grid lines up.
REUTERS
2/21 Mercedes – Lewis Hamilton (No 44)
Heads into his 14th season in F1 as a newly-crowned six-time world champion and is showing no signs of allowing his stranglehold on the sport to ease. Will once again be the man to beat, but his future could well prove the biggest talking point in 2020.
AFP via Getty Images
3/21 Mercedes – Valtteri Bottas (77)
Bottas comfortably made second place his own in 2019 but he still needs to find an extra gear or two if he is going to really challenge his teammate. Whether or not his divorce affected him mentally throughout the season only he will know, but a more focused and driven Valtteri Bottas could arrive on the grid next season if his distractions are out of his mind.
Getty Images
4/21 Ferrari – Charles Leclerc (16)
Based on results in 2019 the Ferrari No 2 should step up and become the Ferrari No 1, but will that actually happen? Regardless, Leclerc impressed immensely in qualifying last season, taking five pole positions including four in a row, and he finally found himself on the top step of the podium in a sign of things to come.
Getty Images
5/21 Ferrari – Sebastian Vettel (5)
Perhaps the most under-pressure driver in the sport in 2020, Vettel knows another year of failing to meet the grade will almost certainly end his time with Ferrari, particularly with so many good drivers on the market in 2021. Vettel showed signs of the fire within him still burning with his win in Singapore, but much more will be expected from the four-time world champion.
Getty Images
6/21 Red Bull – Max Verstappen (33)
A year wiser and with a car that improved rapidly as the season wore on, Verstappen could prove the biggest challenge to Hamilton and Mercedes in 2020 if Red Bull can find that top level consistency they crave. Verstappen is also out of contract next year and will be as sought-after as Hamilton, and a season-long duel between the two would spice up that uncertainty no end.
Getty Images
7/21 Red Bull – Alexander Albon (23)
Has convinced Red Bull enough in his half a season with the team to bag himself the second seat with the team for next year, or at least for the start of it. Looked a calm head on talented shoulders in 2019 and should have had a deserved podium in Brazil had it not been for Hamilton’s rash overtake attempt, but now he will have to start closing the gap to Verstappen if he is to secure a long-term future.
Getty Images
8/21 McLaren – Carlos Sainz (55)
The ‘best of the rest’ last season will hope to build on the late podium that he secured in Brazil that ended McLaren’s long five-year drought, with aspirations that the British team will be looking up at the top three rather than down over their shoulder.
Getty Images
9/21
Getty Images
10/21
Getty Images
11/21
AFP via Getty Images
12/21
Getty Images
13/21
Getty Images
14/21
EPA
15/21
Getty Images
16/21
REUTERS
17/21
REUTERS
18/21
REUTERS
19/21
Getty Images
20/21
Getty Images
21/21
REUTERS
A Red Bull Racing statement read: "Following the Aston Martin Lagonda announcement earlier today, the team can confirm that the manufacturer will remain title partner until the end of the 2020 season but this contract will not be extended past the end of the current term.
"Red Bull Racing has agreed to release Aston Martin from its Formula One exclusivity clause which in turn has allowed it to generate the necessary investment required to re-finance and pursue alternative opportunities within the sport.
"Red Bull Advanced Technologies will continue to work with Aston Martin in order to deliver the Valkyrie hypercar, with the first cars scheduled for delivery at the end of the year.
"We thank Aston Martin for their support over the past four years in which time we have achieved 12 wins, 50 podiums and six pole positions together. We wish Aston Martin’s employees and shareholders all the best for the future and our focus remains on working together throughout the 2020 season and ending our partnership on a high."