Racing Point's origins lie in the Jordan Grand Prix team, which first raced in . Jordan saw moderate success in the late 1990s and early 2000s, particularly in when the team achieved two race victories and finished 3rd in the World Constructors' Championship. A decline in performance followed, culminating in the team being sold to the Midland Group in 2005 and being renamed Midland F1 Racing for the season. The team remained unsuccessful, failing to score any points. Midland F1 was sold to Dutch sports car marque Spyker Cars late in the season, before becoming Spyker F1 in . After another season with little improvement, albeit with the team scoring its first point in over two years at the 2007 Japanese Grand Prix, the team was sold to Indian businessman Vijay Mallya.