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Racing Point to become Aston Martin Racing in 2021

31 January 2020

F1 team Racing Point is set to become Aston Martin Racing for the 2021 Formula 1 season after Racing Point owner, Lawrence Stroll, made a significant investment into the British marque.

The Canadian billionaire’s consortium has taken a 20 per cent stake in Aston Martin at the cost of £182m. The Formula 1 team will undergo its re-brand ahead of the 2021 season, when a host of new regulations come into effect. Stroll is also set to become the executive chairman of Aston Martin.

Currently Aston Martin’s involvement with Formula 1 extends as far as being the title sponsor or Aston Martin Red Bull Racing, a deal which will continue until the end of the upcoming 2020 season. However, the company has confirmed that work will still continue on the Aston Martin Valkyrie, which was designed by Red Bull chief technical officer, Adrian Newey.

The move comes a year and a half after Stroll’s consortium took over the struggling Force India outfit, which was rebranded as Racing Point at the start of the 2019 season, with drivers Sergio Perez, and Stroll’s son, Lance.

The re-brand will see the Aston Martin name return to Formula 1 as a works team for the first time in 60 years, when the company started five championship races in 1959-1960, although the team will no doubt be looking to improve on its record, with a pair of sixth places its best results.

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