Frontpage   |   Twitter   |   Photos   |   Game   |   Standings Monday 10 December 2018
 
Monday 3 December at 08:35
Billionaire Stroll not in F1 'to lose money'
Font size:
Monday 3 December at 08:35 : Dec.3 (GMM) Lawrence Stroll says he bought Force India because it was a "phenomenal business opportunity".

The Canadian billionaire and fashion mogul sponsored his teenage son Lance at Williams in 2017 and 2018, but the British team's performance crashed this year.

At the same time, Force India - an impressive upper-midfield team - almost collapsed financially.

Stroll rescued Force India and has officially renamed it Racing Point for 2019. His son Lance, 20, has finally been announced as a race driver for the team.

"While I've been a great admirer of the sport and obviously a great supporter since my son has been a driver, I never really anticipated owning a team, wanting a team," Lawrence told the New York Times.

"But, put simply, this was a phenomenal business opportunity that presented itself."

Stroll, 59, is a leading name behind brands like Pierre Cardin, Ralph Lauren and Tommy Hilfiger, but he said F1 team ownership is normally more for car manufacturers and "fizzy drinks" makers.

But he says Force India is different.

"If this team had been running last, it wouldn't have worked," Stroll said. "It is because of how they have performed, on the budget they have had, that this opportunity has been realised.

"I'm not in this for ego. I'm not in this to lose money. I'm in this for the long term, as I have been with every other business I've owned," he added.

Stroll said the expected budget cap for 2021 should help.

"That is still to be clarified how well that works out, but there are all the right rumblings, and I've had enough conversations with Chase (Carey) to understand that is the direction they want and need to take the business," he said.

Stroll said plans for a new factory and more staff makes the ambition of challenging for "third place" realistic.
RELATED NEWS ITEMS
04-12 'Racing Point' to change name again for 2019
24-11 Stroll-Force India announcement due in 'hours'
08-08 Stroll leads Force India rescue deal
02-07 Force India could collapse in 2018 - report
20-06 Mallya denies Force India sale rumours
05-06 Mallya steps down as Force India director
31-05 Wolff confirms Force India team order
 
NEXT RACE 26 March 2017
Grand Prix of Australia (5,303 m)
Melbourne, Albert Park Circuit
Last Winner: Nico Rosberg
TV schedule
Friday - practice 1
12:30 - 14:00

Friday - practice 2
16:30 - 18:00

Saturday - practice 3
14:00 - 15:00

Saturday - qualification
17:00 - 18:00

Sunday - race
16:00

Friday - practice 1

Friday - practice 2

Saturday - practice 3

Saturday - qualification

Sunday - race

STANDINGS 2016
Driver championship
1.Hamilton331
2.Vettel264
3.Bottas207
Constructors championship
1.Mercedes538
2.Ferrari460
3.Red Bull319
FACEBOOK
TWITTER
www.ReserveDeler24.CO.NO
 
RECENT PHOTO'S
Lewis Hamilton, Mercedes, Abu Dhabi 2018 Lewis Hamilton, Mercedes, Abu Dhabi 2018 Sebastian Vettel, Ferrari, Abu Dhabi 2018 Verstappen, Vettel, Hamilton, Abu Dhabi 2018 Max Verstappen, Red Bull, Abu Dhabi 2018 Verstappen, Hamilton, Abu Dhabi 2018 Max Verstappen, Red Bull, Abu Dhabi 2018 Verstappen, Vettel, Hamilton, Abu Dhabi 2018
Daniel Ricciardo, Red Bull, Abu Dhabi 2018 Daniel Ricciardo, Red Bull, Abu Dhabi 2018 Kimi Raikkonen, Ferrari, Abu Dhabi 2018 Kimi Raikkonen, Ferrari, Abu Dhabi 2018 Bottas, Hamilton, Mercedes, Abu Dhabi 2018 Bottas, Hamilton, Vettel, Abu Dhabi 2018 Valtteri Bottas, Mercedes, Abu Dhabi 2018 Will Smith, Abu Dhabi 2018
Copyright ©2018 Onestopstrategy.com   |   Poki - Racing spelletjes About us    |    Contact    |    Advertising    |    Vacancies    |    Privacy Statement