Aston Martin's F1 future "as secure as ever" as carmaker sells stake in team · RaceFans

Aston Martin owner Lawrence Stroll says the F1 team’s future remains secure after the carmaker sold its stake in the Silverstone-based squad.

The company confirmed today it has appointed the investment bank Raine Group to find a buyer for its minority stake in the team.

Aston Martin Lagonda is selling its stake in the team as Stroll seeks to raise money for the carmaker. He is also increasing his shareholding in the carmaker to 33%.

The carmaker said in a statement its managing director for commercial and marketing, Jefferson Slack, will work with Raine “to secure a strategic investor who can add long-term value to the team and the brand.”

Stroll also confirmed Aston Martin Lagonda has extended its deal to brand the F1 team. “These moves demonstrate that Aston Martin’s place on the Formula 1 grid is as secure as ever,” he said.

“AML recently re-committed to its long-term sponsorship and licensing agreement with AMF1, confirming that the legendary Aston Martin brand and its British racing green colours will compete in Formula One for decades to come.”

Stroll took over the team, previously known as Force India, in 2018. He rebranded it as Aston Martin in 2021 after purchasing the luxury car brand.

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Since taking over the team, Stroll has invested heavily in it with the goal of competing for the world championship when F1 introduces new technical regulations next year. It completed a massive expansion of its facilities at Silverstone, which includes a new wind tunnel and simulator. The team has also secured a works engine deal with Honda beginning next year, to replace its customer Mercedes units.

Aston Martin has made a series of signings from top rivals to boost its technical division. Adrian Newey, who until last year was Red Bull’s star designer, began work for Aston Martin at the beginning of the month.