Theodore Racing () was a Formula One constructor from Hong Kong founded by real estate magnate and millionaire Teddy Yip. They participated in 51 grands prix, entering a total of 64 cars. In the present day Theodore Racing is an international motor racing team owned by Teddy Yip Jr. competing in the Macau Grand Prix. Following its last race in 1992, the team made a successful return to racing at the Macau Grand Prix in 2013 under Teddy Yip Jr., owner of GP3 team Status Grand Prix. Theodore Racing has won a record eight Macau Grands Prix - two as an independent team with Vern Schuppan and Geoff Lees, and six as a technical support team with the likes of Alex Lynn and Felix Rosenqvist. History In the early 1970s, amateur racer Yip met Sid Taylor and agreed to sponsor Vern Schuppan in Formula 5000. This led to Yip backing Schuppan in Formula One with Ensign in 1974. There followed further involvement in America with Schuppan and then support of Alan Jones in the US F5000 series in 1976. In Australia, Schuppan won the Rothmans International Series for Yip driving a Lola T332-Chevrolet in 1976. That year Yip established Theodore Racing. It was run by Taylor and entered an Ensign for Patrick Tambay in F1. After a difficult year in 1977, Yip commissioned Ron Tauranac to build him an F1 car. The car, called the Theodore TR1, was difficult and Eddie Cheever failed to qualify in both Brazil and Argentina but then Keke Rosberg took over and won the International Trophy at Silverstone in the wet, although he qualified for only one GP in South Africa. The car was abandoned in the mid-season. In the US, Yip supported Dan Gurney's Eagle team. In 1979, Yip helped to fund Ensign but the car was not a success. The car was driven by Derek Daly, Patrick Gaillard, and Marc Surer but there were no points scored. At the end of the year Teddy also funded a British F1 programme with a Wolf WR6 for David Kennedy and helped Desiré Wilson to become the first woman to win a Formula 1 race – albeit a national event. Yip bought the Shadow team at the beginning of 1980, and Kennedy also moved to it, but the results were poor, the team was by then on its last legs, and in the mid-summer, Yip decided