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Stroll may sell up to a quarter of Aston Martin F1, sources claim.

Carl Smith by Carl Smith
April 27, 2024
in Motorsports
Reading Time: 1 min read
0
Stroll pode vender até um quarto da Aston Martin F1, afirmam fontes.
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Lawrence Stroll, an investor in the Aston Martin F1 Team, is reportedly involved in early discussions about the possible sale of a minority stake in the team. Recent reports suggest that Stroll is looking to capitalize on the sport’s significant growth by selling up to 25% of the business. Bloomberg reported that the Canadian billionaire is open to the idea of selling a quarter of the team. However, it is important to note that Stroll’s ownership in the team is separate from his majority stake in the luxury car division Aston Martin Lagonda. Stroll’s goal is to increase the team’s valuation, which is currently at $1 billion, after selling a minority stake to the American private equity firm Arctos Partners in November. A team spokesperson confirmed that they have been contacted by interested parties, especially after the investment from Arctos Partners. While interest in existing F1 teams on the track is increasing, Aston Martin Lagonda’s shares continue to decline. The luxury car brand has seen a 33% drop in its value since the beginning of the year and is currently 80% below the value when Stroll took over as CEO. Two-time F1 champion Fernando Alonso recently announced that he has signed a multi-year extension with Aston Martin, ensuring his presence during the next rule reset. Aston Martin, currently ranked fifth in the Constructors’ Championship, aims to partner with Honda in 2026, with the goal of becoming a title contender.

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