By 2 August 2018 an investment consortium led by Lawrence Stroll, the father of former Williams driver Lance Stroll, and which included André Desmarais, Jonathan Dudman, John D. Idol, John McCaw Jr., Michael de Picciotto and Silas Chou, and supported by the team's senior management personnel, had set up a new company, "Racing Point UK Limited", to use as a vehicle to save the team. By 23 August 2018, the new company had reached an agreement with the administrators to buy the team's motor racing assets and to secure the jobs of the 400 employees who worked in the team. The new company created a new constructor with the assets and entered the sport prior to the 2018 Belgian Grand Prix, taking the vacated entry of the original Force India team.