Former Force India team owner Vijay Mallya says he is “happy” that the Formula 1 suit now known as Racing Point will have Aston Martin support by 2021.
The current owner of the team Lawrence Stroll has acquired a stake in Aston Martin and this agreement will lead to the rebranding of Racing Point for the next year through a sponsorship agreement of the sports car manufacturer.
Mallya, owner of the team from 2008 until he had financial problems in the summer of 1818, says he congratulated Stroll on the deal.
“I’m happy for Lawrence and I’m happy for the team,” Mallya told Autosport. “In the end, becoming a work team has always been a dream.
“Lawrence and I are friends, and indeed I congratulated him on the news this morning. He is a very astute investor, and his resume proves it.
“If you look at Aston Martin’s share price today, he obviously made a deal.
“Under his presidency and with the new model range that Aston is designing, there is only one way to go, and this is the north.
“For Racing Point it is absolutely fabulous to become a team with the support of a great British brand like Aston, with all its heritage.
“Aston has many followers and they will all also become Racing Point followers.”
Mallya had unsuccessfully attempted to obtain sponsorship from Aston Martin in late 2015, with support eventually going to Red Bull instead.
“We had conversations with Aston five years ago, not to become a team, but to make Aston the sponsor of the title and give us technical support,” he explained.
“I don’t know what the deal with Red Bull is, but I don’t think Aston has a technical contribution. Red Bull has genius Adrian Newey, so I don’t think they need anyone else!”
Mallya, who visited the Racing Point camper at the British Grand Prix last year, insists that he not miss his previous involvement in F1. “I spent 10 whole years in F1,” he said.
“I have enjoyed every moment of those 10 years, and now is the time to do something else.
“I have treated it for 10 years, I have delivered two results of the fourth in the constructors’ championship, of which I am very proud.
“The team is still in my DNA and I am absolutely happy for the team.
“I think the car for 2020 has made great strides and I can’t wait to start the season.”