The team was formed in August 2018 when investors purchased the assets of Sahara Force India F1 team, which was operating under administration. The consortium of investors included André Desmarais, Jonathan Dudman, John D. Idol, John McCaw Jr., Michael de Picciotto and Silas Chou named Racing Point UK Ltd. and were led by Lawrence Stroll, the father of then-Williams F1 driver Lance Stroll. The team made its competitive debut at the 2018 Belgian Grand Prix.