News Details
Racing Point set to become Aston Martin F1 team as Stroll buys into British manufacturer
Lawrence Stroll has paid £182 million for a 16.7% stake in Aston Martin in a bid to revamp the firms future, meaning that Racing Point F1 Team will become the Aston Martin F1 team. The deal that was revealed last month by Autocar, was confirmed this morning with London Stock exchange and includes a £318 million cash infusion through a new rights issue which will give Aston Martin a £500 million gain. In addition, the Racing Point F1 team currently owned by Stroll will be re-branded as the Aston Martin F1 team from 2021 under the terms of the new deal. Stroll was the first to the deal over Chinese car maker Geeley, the owner of Lotus and Volvo, with the deal being agreed at a board...
Full Story »
Full Story »
4y ago from TheCheckeredFlag.co.uk
0
You May Also Be Interested In...
Racing Point to become works Aston Martin team in 2021!
Lawrence Stroll's Racing Point F1 outfit will become the works Aston...
4y ago from F1i.com
Racing Point and Aston Martin set to work together in...
Racing Point will become Aston Martin's Formula 1 team at the start of...
4y ago from GPBlog.com
Will Mercedes remain in Formula 1 now Aston Martin is...
It was announced today that Aston Martin and Racing Point will partner up...
4y ago from GPBlog.com
Racing Point to become Aston Martin F1 Team
Lawrence Stroll buys stake in Aston Martin, as his F1 team, Racing Point,...
4y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia needs "better bike" to be stronger...
No description available...
1h ago from Motorsport.com
Pramac's Morbidelli still "missing freedom"...
No description available...
21h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
1d ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
The good, bad, and ugly of IndyCar's half-baked...
No description available...
20h ago from Motorsport.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
1d ago from Motorsport.com
Rising concerns in IndyCar over PFC’s braking system
No description available...
2d ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Disaster for Hyundai as Lappi and Tänak retire from...
Esapekka Lappi retired his Hyundai i20 N with a broken gearbox in stage...
57m ago from MotorsportWeek.c...
Neuville reveals “MacGyver” style WRC Safari Rally...
No description available...
3h ago from Motorsport.com
WRC Safari Rally: Rovanpera stuns rivals to lead as...
No description available...
4h ago from Motorsport.com
How WRC Rally1 teams embraced the return of the...
No description available...
20h ago from Motorsport.com
Popular On GunnersToday.com
Tactics Video: How Kiwior and Jorginho improved...
All of this article is better shown and communicated by video, so I put...
17m ago from FreshArsenal.com
‘I'm telling you' – Roy Keane makes...
Roy Keane is certain that Arsenal's loss to title rivals Manchester City...
47m ago from CaughtOffside.com
Who are Mark Sears' parents, Chad and Lameka? All we...
No description available...
1h ago from SportsKeeda.com
“Can be hurt on transition” - Gael Clichy delivers...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Verstappen and Red Bull see key member suddenly leave with...
Red Bull Racing and Max Verstappen are saying... Read More »
5h ago from GPBlog.com
Who is Lee Stevenson, Verstappen's chief mechanic leaving...
Lee Stevenson announced his departure from Red... Read More »
2h ago from GPBlog.com
Max Verstappen poised to join new team in 2025
Max Verstappen's dominance in Formula 1 may not... Read More »
2h ago from Formula1News.co.uk