Aston Martin to Sell F1 Stake but Will Keep Its Name on the Grid

Aston Martin Lagonda has announced plans to sell its 16.7% stake in the Aston Martin F1 team, with investment bank Raine Group tasked with finding a buyer. This move is part of a broader restructuring of Aston Martin’s finances, allowing the automaker to refocus its resources while securing a long-term branding agreement with the F1 team.

Despite the sale, the Aston Martin name will remain in Formula 1, thanks to an extended licensing deal between the road car and F1 operations. The sale could fetch a premium on the estimated £74 million book value, benefiting from F1’s increasing global popularity.

🔊 Lawrence Stroll, Aston Martin Executive Chairman: “These moves demonstrate that Aston Martin’s place on the Formula 1 grid is as secure as ever.”
Stroll’s Yew Tree Investments is set to increase its stake in the road car business to 33%, injecting an estimated AUD $268 million into the company.