Force India will race in Belgium with new name

FIA President Jean Todt said in a statement: “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.”

It remains to be seen how the move will impact the grid further, with Lance Stroll expected to join the team before the season is through, likely to see Force India's Esteban Ocon move to McLaren, where Stoffel Vandoorne will make way.