Lawrence Stroll is claimed to be in “initial talks” to sell a minority stake of up to 25 per cent in the Aston Martin F1 team.
Stroll has overseen a remarkable transformation of the Silverstone-based team since rescuing the then Force India from the regime in the summer of 2018.
Lawrence Stroll sells minority stake in Aston Martin F1 team?
Since rebranding the team as Aston Martin (a car company that Stroll owns independently of the F1 team) ahead of the 2021 season, the team has become one of the most competitive forces on the grid. The team solidified its position and took 5th place in the constructors' championship. In 2023.
Aston Martin announced in May last year that the team would form a technical partnership with Honda, the engine supplier to current world champion Red Bull, in preparation for F1's next major regulation changes in 2026.
Stroll recently announced that two-time world champion Fernando Alonso has committed his future to Aston Martin, signing a new multi-year contract until at least the end of the 2026 season as the team chases title glory. I received support.
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Lawrence Stroll: How the Aston Martin F1 owner built his $3.6 billion fortune
And it has become clear that Mr Stroll is keen to capitalize on the team's success and F1's growing popularity, with prominent business media outlet Bloomberg reporting that the Canadian billionaire “plans to sell as much as 25 per cent on the race”. According to a person familiar with the situation, it was a “business''.
Anonymous sources said Stroll “wants to improve on the £1 billion ($1.3 billion) valuation he received in a deal last November to sell a minority stake to US private equity firm Arktos Partners. It is said that
“From time to time, and most recently following our investment in Arktos Partners, the team has been contacted by interested parties,” Bloomberg quoted a spokesperson as saying.
The spokesperson added that any talks were confidential and there was nothing to announce yet.
The suggestion that Stroll is open to selling his stake in the team comes as Aston Martin is heavily linked with the move for Adrian Newey, who is reportedly interested in leaving Red Bull.
It was reported last month that Stroll had made a lucrative contract offer to Newey at the Saudi Arabian Grand Prix, and F1 commentator Peter Windsor, who previously worked with Newey at Williams, said Stroll, 65, had offered Newey a lucrative contract. claimed to have declined the offer.
He said: “Of course they'll all want to get Adrian Newey. That's a point you have to make.
“Ferrari, Mercedes and Aston Martin will all definitely want Adrian Newey.
“My understanding is that there has already been significant funding from Aramco.” [Aston Martin title sponsors] So Aston turned it down. That's my understanding of the Aston situation.
“And I don't think he needs the money, so I'm not surprised. I don't think money is a motivator for Adrian.
“I think it's a race and whether he enjoys it and whether it's in line with what he wants to do in life. And even if you throw a billion pounds at him now, it makes a big difference. It does not produce.
“I think 10 years ago, maybe eight years ago. But now? I don't think so, I think he's past that point, and he's basically doing whatever he wants. can do anything.
“My understanding is that I think he's already turned it down, so I'd be surprised if he went to Aston. Of course, that's still a possibility.”
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