News Details
In The Pitlane: Lawrence Stroll F1's rainmaker
Lawrence Stroll once again proves to be the consummate dealmaker with the announcement last week that Mercedes-AMG was involved in a new £1.3-billion refinancing package for Aston Martin. Lawrence who had previously put together his Yew Tree consortium to purchase Aston Martin knew the company did not have enough cash to survive the next 12 months. With a falling share price, he needed to act fast after the pandemic sent losses north of £227-million in the first half of 2020, as Aston Martin sold only 1,770 cars. Stroll has put together a deal that includes issuing £1.2-billion in new debt and bringing onboard new shareholders Zelon Holdings and Permian Investment Partners with an...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Stroll: Mercedes investment in Aston Martin ‘a...
Mercedes-Benz has announced it will make a major investment in Aston...
5y ago from MotorsportWeek.com
Mercedes-Benz raise Aston Martin stake to up to 20% by...
Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin...
5y ago from GrandPrix247.com
In the Pitlane: Haas desperate enough to go with two...
Last week Kevin Magnussen and Romain Grosjean learned their services are...
5y ago from GrandPrix247.com
Ecclestone 'pressured' Lawrence Stroll to sign up...
Former F1 supremo Bernie Ecclestone says he intervened to convince Racing...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Honda signs David Alonso for 2027 without confirming...
No description available...
15m ago from Motorsport.com
Alex Marquez explains why he couldn't turn down KTM...
No description available...
22h ago from Motorsport.com
Marc Marquez prefers decade-old MotoGP bikes, labels...
Marc Marquez has explained why he believes MotoGP bikes from the...
2d ago from MotorsportWeek.c...
Who has been MotoGP’s highest points scorer in the...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Nashville – Race Results
On Monday afternoon, following a delay due to inclement weather on...
9h ago from MotorsportWeek.c...
Josef Newgarden denied home repeat victory, finishes...
No description available...
9h ago from Motorsport.com
Alex Palou takes victory in delayed Music City Grand...
The NTT IndyCar Series completed its race around Nashville Superspeedway...
10h ago from MotorsportWeek.c...
Popular On TotalWRC.com
The important lesson Oliver Solberg put into practice...
No description available...
20h ago from Motorsport.com
What a maiden WRC win in Estonia means to Sami Pajari
No description available...
1d ago from Motorsport.com
Sami Pajari and Marko Salminen triumph on Rally Estonia
The next generation of WRC stars continued to shine in Estonia as Sami...
1d ago from MotorsportWeek.c...
WRC Estonia: Sami Pajari claims sensational maiden WRC...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal, Chelsea and Man Utd target Scott rejects new...
Alex Scott has turned down a new Bournemouth contract amid strong interest...
1h ago from SkySports.com
Sources: Transfer supremo Berta holds ‘direct...
Arsenal may have been presented with a rare opportunity to complete one of...
2h ago from CaughtOffside.com
Raising the level
Good morning everyone. Now that this pesky World Cup thing is over, we can...
1h ago from Arseblog.com
Man United and Arsenal handed surprise opportunity to...
Jorrel Hato has been linked with a move away from Chelsea this summer....
12h ago from CaughtOffside.com
Comments
Hottest News
Sky F1 pundit urges Red Bull to contact FIA over Toto Wolff...
One Sky F1 pundit has suggested that Red Bull... Read More »
1h ago from GPFans.com
Wolff's ‘most powerful' engine claim fuels FIA row
Jul.21 Toto Wolff may have intensified the... Read More »
25m ago from OneStopStrategy.com
Red Bull provide latest 'Macarena' wing update after Max...
Red Bull removed its 'Macarena' rear wing for the... Read More »
1h ago from RacingNews365.com
