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| Full name | Theodore Racing |
|---|---|
| Base | Hong Kong |
| Team principal(s) | Teddy Yip Jr. |
| Founder(s) | Teddy Yip |
| Noted staff | Sid Taylor Julian Randles Tony Southgate Jo Ramírez |
| Noted drivers |  Patrick Tambay Keke Rosberg |
| Formula One World Championship career | |
| First entry | 1977 British Grand Prix |
| Races entered | 63 (44 starts) |
| Engines | Ford |
| Constructors' Championships | 0 |
| Drivers' Championships | 0 |
| Race victories | 0 |
| Podiums | 0 |
| Pole positions | 0 |
| Fastest laps | 0 |
| Final entry | 1983 European Grand Prix |
Theodore Racing (Chinese: 徳利賽車隊香港) 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.[citation needed] 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.