Racing Point’s financial situation might be much healthier than it was in 2018 when it suffered a near-death experience in its former guise as Force India, but that certainly doesn’t mean the team has money to burn.
The team was saved from administration after being bought up by a consortium led by Canadian billionaire Lawrence Stroll, which has resulted in millions of pounds of fresh investment to revive the squad’s fortunes – including the switch to a controversial ‘Pink Mercedes’ design philosophy.
But team principal Otmar Szafnauer is quick to point out that despite the extra money, Racing Point remains the smallest and leanest team on the F1 grid with a significantly smaller budget and workforce than any of their rivals.
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“When Lawrence came in, he gave us a bigger budget, so significantly more money,” he told Motorsport.com in an exclusive interview this week.
“But it must be said that even though we have a significantly bigger budget – say 30 per cent more, 40 per cent more than what we had – I still believe we’ve got the lowest budget and the least amount of people in the pitlane.