Racing Point is ‘smallest’ despite Stroll’s money

Date published: May 8 2020

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When Lawrence Stroll bought his F1 team he handed Racing Point a healthy cash injection, but Otmar Szafnauer says it still has the “lowest” budget on the grid.

Stroll and his Canadian consortium brought the Force India team in 2018, paying off its debts, boosting its coffers and rebranding it Racing Point.

In 2017 and 2018 the team spent $120 million per season while last year that rose to $188 million.

That, however, still puts Racing Point in the lower half of the spenders.

“When Lawrence came in, he gave us a bigger budget – so significantly more money,” Szafnauer told Autosport.

“But it must be said that even though we have a significantly bigger budget, say 30% more, 40% more than what we had, I still believe we’ve got the lowest budget and the least amount of people in the in the pit lane.

“We’re still the smallest Formula 1 team.

“Maybe Haas has less people because a lot of their design and manufacturing work is done by Dallara.

“But if you added those equivalent heads in, I would suspect we’re probably smaller than them as well.

“So although we’ve got bigger resources now and we can do more, the one thing that we have got to make sure of – and so far so good – is that we don’t lose that efficiency that we had in the past.

“We still scrutinise every pound spent – we’re just spending more pounds.”

Unfortunately for Racing Point one of the team’s big plans for 2020, the new factory at its Silverstone base, has been put on hold in light of the UK’s lockdown and also the financial impact that is having on all the teams.

The team boss explained: “Some of the expansion projects that were started already – manufacturing capability that we’re putting in, so more manufacturing capability – they’re just put on hold now.

“Because nobody’s at work. So, if we go back, I don’t know, end the May? I’m guessing or middle of May. From middle of March, to the middle of May – two months – everything will be a little bit delayed.

“So we’re still expanding, it’ll just be two months later.

“And we will still have, hopefully, a compressed [2020] season, which will also mean that we’ll have all hands to the pump to make sure that we race to the best of our ability in that compressed season.

“And that might add a little bit of delay to the projects that were going, but they haven’t been cancelled, just postponed.”

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