The announcement, alongside a reveal of the team’s  new car livery, was made during their pre-season launch event, held during the Canadian International Auto Show; the first ever Formula One team launch in Canada.   Present at the reveal were the two team drivers, Sergio Perez and Lance Stroll, along with the Team Principal, Otmar Szafnauer, and Technical Director, Andrew Green.   The multi-year deal will commence with immediate effect, with the team referred to as SportPesa Racing Point F1 Team for the duration of the partnership. The Racing Point cars retain their pink colour, with BWT continuing as principal sponsor of the team, with the addition of blue SportPesa branding on the front and rear wings, and engine cover.   Otmar Szafnauer, Team Principal and CEO of SportPesa Racing Point F1 Team said: “SportPesa is a young, dynamic, growing company whose values align with our own vision to become a team capable of competing at the very front of the grid. We are excited to have such an ambitious partner on board to help us deliver our team mission and look forward to working with them to bring the sport of Formula One closer to fans around the world. The car looks stunning with the addition of blue to the already iconic pink livery, which gives us a strong identity as we begin this exciting new era.”