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
Jorge Martin defends Yamaha switch: ‘They said going...
No description available...
18h ago from Motorsport.com
Pedro Acosta: “I’ve never had friends in the...
No description available...
22h ago from Motorsport.com
Pedro Acosta: “Marc Marquez is in the final stages...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from the IndyCar race in Markham
No description available...
1d ago from Motorsport.com
Red Bull driver set for potential shock IndyCar switch...
Yuki Tsunoda has been out of Formula 1 since being demoted by Red Bull at...
1d ago from MotorsportWeek.c...
F1 veteran Yuki Tsunoda in talks for 2027 IndyCar seat...
No description available...
2d ago from Motorsport.com
Will Power thought reaching the podium in Markham was...
Will Power finished IndyCar’s inaugural Markham event on the final step...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi to rejoin Hyundai for WRC Rally Chile
No description available...
1d ago from Motorsport.com
Champion rally driver Alex Fiorio dies aged 61
No description available...
2d ago from Motorsport.com
What to expect from WRC Rally Scotland after FIA test...
No description available...
1w ago from Motorsport.com
Thierry Neuville claims WRC Rally Finland was...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Al-Hilal include Arsenal star in transfer shortlist...
Saudi Pro League giants Al-Hilal have included Arsenal winger Gabriel...
38m ago from SportsKeeda.com
Update: Arsenal plot double Man United raid for winger...
Arsenal are looking to turn the tables on Manchester United by targeting...
1h ago from CaughtOffside.com
How does Arteta deliver step five of his Arsenal plan?
When Mikel Arteta arrived at Arsenal, he presented a five-step plan to go...
1h ago from SkySports.com
Rio Ferdinand names Arsenal signing that he believes...
Manchester United legend Rio Ferdinand believes Arsenal signing Ezri Konsa...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 Driver Salaries: Updated list including Hamilton and...
It's official, Carlos Sainz now earns 'a... Read More »
1h ago from GPFans.com
Breaking: Max Verstappen signs new F1 contract
Max Verstappen has signed a new deal with Red... Read More »
1h ago from RacingNews365.com
Verstappen signs new Red Bull contract
Max Verstappen has signed a new long-term Red... Read More »
1h ago from SkySports.com
