BREAKING: Force India to race under the name Racing Point Force India

Force India will race in the Belgium Grand Prix this weekend but under a different name. This new name has been announced as Racing Point Force India. Old branding has been removed from cars, motorhomes and walls surrounding the Pink Panthers garage. This comes as the next chapter following the latest administration issues. All points accumulated by Force India this season have been scrubbed off.

Over the last few days, speculation has been building that Force India may not be allowed to enter the race on Sunday. However, this afternoon a deal was made and the sale of the company was completed.

In a statement which was released on the F1 website, Jean Todt was "very pleased" to be able to announce the deal.

“I am very pleased that a strong, positive outcome has been reached and welcome the midseason entry of Racing Point Force India," Todt said.

"Creating an environment of financial stability in Formula One is one of the key challenges faced by the sport, however thanks to the hard work of the FIA, the Joint Administrators, Racing Point and Formula One Management we have a situation now that safeguards the future for all of the highly-talented employees, and will maintain the fair and regulated championship competition for the second half of the season.”

Otmar Szafnauer is expected to become the Team Principal and Chief Executive Officer of Racing Point UK Limited. He was also pleased that a deal had been done and looks forward to opening the new chapter in Belgium tomorrow.

“The new Racing Point Force India Team is delighted to be able to race when the championship resumes in Belgium this weekend. This heralds a new and exciting chapter for us. Just a few weeks ago, an uncertain future lay ahead, with more than 400 jobs at risk; now the new team has the backing of a consortium of investors, led by Lawrence Stroll, who believe in us as a team, in our expertise and in our potential to achieve success on the track," Szafnauer said.