[Team] Williams: Do they have a spare tub?

[andy97]

Originally Posted by mark_l

The company number 00787446 is still the same.

Interesting, thanks.

[S griffin]

That's probably about the only DNA left. Of course they weren't going to stay at the old shed at Ockham when BAT bought them out

[Adam43]

Originally Posted by mark_l

The company number 00787446 is still the same.

I didn’t know that, a nice, small, titbit.

I’d like to think there has been the opportunity to change, but someone has a dose of nostalgia. Of course, it’s probably more why bother?!

[Paradise City]

I think if you change the baseline company you don't get your mits on some of the FIA goodies.

[Adam43]

That is certainly why BAR started with Tyrell. In fact it was just to get entry. Do you think they need to keep the same company number?

Has that happened with Jordan/Spyker/Force India/Racing Point?

[crmalcolm]

Originally Posted by Adam43

That is certainly why BAR started with Tyrell. In fact it was just to get entry. Do you think they need to keep the same company number?

Has that happened with Jordan/Spyker/Force India/Racing Point?

Company Number 03660294 is currently listed as FORCE INDIA FORMULA ONE LIMITED

Previous company names
Name Period
SPYKER F1 LIMITED 24 Oct 2006 - 31 Oct 2007
SPYKER MF1 LIMITED 06 Oct 2006 - 24 Oct 2006
MIDLAND F1 LIMITED 14 Nov 2005 - 06 Oct 2006
JORDAN GRAND PRIX HOLDINGS LIMITED 28 Oct 1998 - 14 Nov 2005

IIRC, when Racing Point became involved, the existing team had been excluded from the championship. So a new company was needed, who also took on the existing entry.
They were forced to retain the 'Force India' for 2018 to meet the requirements of the constructor entry, but were able to drop this from 2019 onwards. I'm not sure how it affected the FIA 'benfits' for the team, but I expect they were less valuable when the team became Force India?

Racing Point UK Limited and Racing Point UK Holdings Ltd are new companies incorporated in Aug 2018.

[crmalcolm]

The payment of prize funds to Racing Point has caused controversy.

'According to a schedule seen by RaceFans, Liberty Media will award a column one payment to Racing Point. This is despite the team being admitted to the championship last year as a new entrant, which prompted claims that it should not qualify for column one revenue as it has not fulfilled the requirement to finish in the top 10 twice in the previous three championships.'

It should also be noted, particularly in the context of Williams' value, that Ferrari receive a Long-Standing Team payment, and Williams are one of the teams receives a constructors’ championship bonus and an additional 'other' bonus.

[peebee2]

Originally Posted by Adam43

Has that happened with Jordan/Spyker/Force India/Racing Point?

You forgot Midland!

[crmalcolm]

Originally Posted by peebee2

You forgot Midland!

I wonder if that is the reason behind the short stint as 'Spyker MF1 Ltd'?

[Adam43]

Brilliant.

[crmalcolm]

'One potential problem is that FIA rules mean that a team cannot change its name mid-season. In September 2006, when Spyker bought the Midland F1 Racing team, it used the Spyker name as a headline sponsor: "Spyker MF1 Racing". This year it was allowed to change the team's name to "Spyker Formula 1" but it may have to retain the Spyker name.

https://edition.cnn.com/2007/SPORT/08/17/spyker.woes/

[bjohnsonsmith]

Originally Posted by crmalcolm

'One potential problem is that FIA rules mean that a team cannot change its name mid-season. In September 2006, when Spyker bought the Midland F1 Racing team, it used the Spyker name as a headline sponsor: "Spyker MF1 Racing". This year it was allowed to change the team's name to "Spyker Formula 1" but it may have to retain the Spyker name.

https://edition.cnn.com/2007/SPORT/08/17/spyker.woes/

Why is there an issue with teams changing their name mid-season, recently there was the business with Force India becoming Racing Point? Is it to do with the allocation of constructor's championship money?

[Mike Harte]

Originally Posted by bjohnsonsmith

Why is there an issue with teams changing their name mid-season, recently there was the business with Force India becoming Racing Point? Is it to do with the allocation of constructor's championship money?

In simple terms, yes.

It's about the Concorde Agreement that each team (constructor) individually signs up to, and the fact that a portion of the money is based on the previous 3 years' results, and the money is paid in monthly instalments starting in around April/May of the following year. So, in the case you refer to, the points awarded in the previous year were awarded to Force India, not Racing Point which possibly didn't even exist when the points were awarded.

[wnut]

Originally Posted by bjohnsonsmith

Why is there an issue with teams changing their name mid-season, recently there was the business with Force India becoming Racing Point? Is it to do with the allocation of constructor's championship money?

It was brought about to prevent phoenix companies, transferring assets from a company that you let go bankrupt to a new trading entity which then carries on like nothing happened. The practice creates a load of "disappointed" creditors and ex employees and brings the name of F1 into disrepute.

I think Bernie had tired of paying off the creditors of bankrupt F1 teams that were still on the grid with a new name and claiming the previous year's championship money.

[djr81]

A nearly but not quite weekend for Williams in Austria. Russell nearly made it into Q2 and Latifi nearly scored a point, albeit the last of the runners.

Still, with the reports of them being limited for cooling it is a big improvement on the last couple of years. Dont think they will be on the podium any time soon but fingers crossed it signifies the start of a renaissance of sorts.

[Moneyseeker]

Originally Posted by djr81

A nearly but not quite weekend for Williams in Austria. Russell nearly made it into Q2 and Latifi nearly scored a point, albeit the last of the runners.

Still, with the reports of them being limited for cooling it is a big improvement on the last couple of years. Dont think they will be on the podium any time soon but fingers crossed it signifies the start of a renaissance of sorts.

The shame for Williams is that is the type of weekend when they should have scored/lucked into some points and didn't, made worse by the fact that Haas apart, all their immediate tail of the mid-field rivals scored points.

Latifi was slow and despite George's efforts, they still look a way of scoring points on merit and you would imagine the other teams will et on top of early reliability issues.

This weekends re-run of the race will be interesting.

[S griffin]

It was gutting for Russell. If it hadn't been for that mechanical failure, he almost certainly would have been in the points. Then again we would have had a very different race if he hadn't broke down and caused a SC

[GT6]

They should have scored a point in that race, with so few runners actually not having problems, but they were still well behind everyone but Hass and the what ever the alfa romeo team is called this year.

[chunterer]

Originally Posted by S griffin

It was gutting for Russell. If it hadn't been for that mechanical failure, he almost certainly would have been in the points. Then again we would have had a very different race if he hadn't broke down and caused a SC

That's actually a very good point!😲👍

[djr81]

P12 for Russell is a damn good result. Only a tenth and a bit from Q3. Will be interesting to see what happens tomorrow in the dry.

[GT6]

Originally Posted by djr81

P12 for Russell is a damn good result. Only a tenth and a bit from Q3. Will be interesting to see what happens tomorrow in the dry.

I think it got better as leclerc may have a penalty, so 11th
A good day for williams

[E.B]

Originally Posted by GT6

I think it got better as leclerc may have a penalty, so 11th
A good day for williams

Indeed, Leclerc dropped to 14th behind Russell(up to 11th) Stroll and Kvyat, who Leclerc had impeded to get the penalty.

[GT6]

I suspect williams are not the only team smiling about that.

[S griffin]

Let’s see if he can mix it with the cars around at the very best. Williams need all the morale boosters they can get atm

[Richard C]

I dont think anyone has mentioned it, but having Russell push the car up the grid off the back row should be showing potential purchasers/investors that Williams has more value than it did this time last year. So kudos to them for moving forward. I hope the teams does well today.

Richard