Racing Point and the Haas F1 have managed to resolve a long-standing disagreement over the distribution of prize money. It all started back in mid-2018, when a consortium of investors led by Lawrence Stroll acquired the British team, then called Force India, and was on the verge of bankruptcy.
In Formula 1, they were ready to consider Racing Point the legal successor of Force India, which meant that the team, despite the change not only of owners, but also of the name, at the end of the season was owed prize money in full. However, Haas did not agree with this: from their point of view, Racing Point should be considered a new team, respectively, it could not claim the prize money. When the American team debuted in the 2016 World Cup, they did not receive any money from the then owners of Formula 1.
At the final stage of the 2018 season, on the days of the race weekend in Abu Dhabi, she filed an official protest, which was satisfied: the stewards recognized Racing Point as a new team. According to RaceFans, this decision created an interesting precedent: either Haas had a formal right to claim some payments that it did not receive during the period when it was considered a new team, or Racing Point could not claim the money owed to traditional championship teams.
However, on Friday at the FIA press conference, Otmar Safnauer and Gunther Steiner confirmed that the teams managed to reach mutual agreements and resolve differences.
“We are glad that everything is over, and now the team can focus on what we are in Formula 1. We are glad that everything is behind us,” said the head of Racing Point. “Now we have to move forward and start racing.”
At the same time, Safnauer did not specify exactly how the dispute was settled, and whether Racing Point managed to get the prize money for 2018.