Let's see what everyone's got.
Papa Stroll needs to get the bankers on the phone lol -- Racing Point posts loss of £116m in first full F1 year
https://www.autosport.com/f1/news/151185/racing-point-posts-loss-of-116m-in-first-full-year Racing Point posted a £116million loss in its first year of operation following its emergence from the ashes of Force India, but the true operating loss was around £25m. The higher number has been revealed in the newly published first year accounts for Racing Point, which was established as a new company in August 2018 after Force India went into administration. Because of that timing, unusually the accounts run from August 2018 to August 2019, while F1 teams tend to operate in calendar years from January to December to fully reflect the income and costs associated with individual racing seasons. The Racing Point accounts include the final nine races of 2018, and the first 12 of 2019. The figures reflect the fact that Racing Point paid £90m to acquire the rights and assets associated with the original Force India team, and that the new team also took on the debts of the original company, so that creditors could be paid immediately - and the team would then subsequently be refunded when the administration process was complete. The accounts also confirm that Stroll provided £142m of the total of £200m share capital, meaning the Canadian owns 71% of the shares, with the rest split between his fellow investors in the consortium he put together. Income for the period is listed at just £46m - substantially less than the £77m featured in the last published Force India accounts in 2016 - because of the way revenue has been allocated as a result of acquiring the rights to Force India's F1 prize fund earnings. The notes to the accounts also confirm that subsequent to the 2018-19 period a bank loan of £55m was repaid in January 2020, while a £40m instalment of share capital was paid in December 2019. Team principal Otmar Szafnauer stressed that the significant loss on paper did not reflect the true financial picture of Racing Point. "These accounts are extraordinary and one time only because of the purchase of the team," he told Autosport.
Charles carrying the flag again. Vettel not close. Like they are in 2 different teams................
GO Charles! Vettel is not 'synched' with the car at all. Nico H is really disappointing in this Q. Was looking so good. Lance had nice lap