
Racing Point 'aware of the perils' of new ownership
Racing Point 'aware of the perils' of new ownership

Racing Point chief executive and team boss Otmar Szafnauer claims the new team are "aware of the perils" of having new ownership and the potential instability it brings, following the takeover of the now liquidated Force India by businessman Lawrence Stroll in the summer.
Under the Force India banner, the team has impressed over the past few campaigns, with Esteban Ocon and Sergio Perez performing solidly behind the wheel.
However, behind the scenes they suffered from financial instability, and were on the cusp of closure before Stroll, the father of Lance Stroll, brought them out of administration.
Otmar Szafnauer is hoping they can learn from previous mistakes.
“We have to make sure we don’t start going all over the place,” the team boss said.
“It’s not going to be an easy thing. But if you’re consciously aware of the perils, then you can always bring things back and make sure we maintain them.”
He also thinks the key to remaining stable comes through efficiency.
“One thing we do well is that we’re an efficient team, efficiency, just means for the input that we have, we get greater output,” he continued.
“It’s that simple. Now the inputs are greater, and the output may not be proportionally greater, that’s a risk.
“So I always tell people, even though we’re going to have the financial resources, we can’t lose our efficiency, that efficiency has to stay the same.
“If that efficiency stays the same, and the inputs are higher, then the output will be tremendously higher."
MORE: Formula 1 has 'no mercy' for older teams
MORE: Ricciardo arrival puts Renault on 'trajectory' for victory
Most read

Hamilton fired 'Oscars' warning as Red Bull Ford rumours intensify - GPFans F1 Recap

F1 LIVE - F1 Academy confirms first driver

FIA under fire AGAIN: Controversial F1 decision 'clearly wrong'

Hulkenberg and Schumacher switch branded 'waste of time'

F1 FIA saga takes new turn as Mercedes return to the track - GPFans F1 Recap
F1 Standings

Races
-
Gulf Air Grand Prix of Bahrain 2023
-
Saudi Arabian Grand Prix 2023
-
Grand Prix of Australia 2023
-
Grand Prix of China 2023
-
Grand Prix of Azerbaijan 2023
-
Miami Grand Prix 2023
-
Pirelli Gran Premio Del Made In Italy E Dell'emilia Romagna 2023
-
Grand Prix of Monaco 2023
-
Grand Prix of Spain 2023
-
Grand Prix of Canada 2023
-
Grand Prix of Austria 2023
-
Grand Prix of Great Britain 2023
-
Grand Prix of Hungary 2023
-
Grand Prix of Belgium 2023
-
Heineken Dutch Grand Prix 2023
-
Grand Prix of Italy 2023
-
Grand Prix of Singapore 2023
-
Grand Prix of Japan 2023
-
Qatar Grand Prix 2023
-
Grand Prix of the United States 2023
-
Gran Premio de la Ciudad de Mexico 2023
-
Grand Prix of Brazil 2023
-
Las Vegas Grand Prix 2023
-
Grand Prix of Abu Dhabi 2023
About GPFans
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.
Follow us on your favorite social media channel
Corporate & Media

7007 CD, Doetinchem, Netherlands
+31645516860