I think, aside from Ferrari and perhaps McLaren, the current "Mercedes" team probably hold the "longest running team in QoT's mind" award. They were, of course, originally Tyrell.
As an aside:
Before the signing of the Concorde Agreement, the sale of an F1 team consisted of a purchase of engineering assets. If your team had no engineering assets, it was just as simple for the prospective purchaser to start from scratch. The "going nowhere" teams of the mid-90's have a lot to thank Bernie and the FIA for. Upon signing the Concorde Agreement and the FIA imposing a �40m bond for new entries, as well as the maximum of 24 cars on the grid, the teams value became its F1 entry. Essentially overnight, an F1 team, regardless of quality, became an extremely valuable asset.
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