Change of Ownership
In May 1985, Toleman acquired major sponsorship from the Benetton clothing company, which had previously sponsored Tyrrell and Alfa Romeo. During the 1985/86 off-season, the knitwear firm purchased the team and it was renamed Benetton Formula prior to the 1986 season. The team, through numerous sales, is now the Lotus F1 team.
Toleman continued to be involved in motor racing, increasingly with management rather than as competitors. As of 2010 this includes management of the Australian Mini Challenge one make series by Toleman Motorsport.
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