![Spirit CEO: "[m0NESY] is an incredible player and I’d love to work with him, but right now we have someone just as good"](https://img-cdn.hltv.org/gallerypicture/wMemh1NUMeyhdnS2OiK0MQ.jpg?auto=compress&ixlib=java-2.1.0&m=/m.png&mw=107&mx=20&my=473&q=75&w=800&s=8cac8af50bb8fc83d0314e59a6cb6f2f#)
.jpg)
Aston Martin to Offload Its F1 Team Stake
Aston Martin is selling its stake in the Aston Martin Formula One team to focus on revitalizing its core automotive business, while team owner Lawrence Stroll has doubled down on his commitment with a fresh round of investment.The decision comes as Aston Martin Lagonda seeks to offset mounting debts — reportedly exceeding $1 billion — and follows the recent elimination of 170 jobs. The company stated that the share sale aims to “realise a premium” above the $95,712,345 USD book value of its investments, all while reaffirming its long-term sponsorship of the F1 outfit.Despite the divestment, the F1 team will continue to bear the iconic Aston Martin name and signature British racing green livery. "These moves demonstrate that Aston Martin's place on the Formula 1 grid is as secure as ever," said Stroll. "AML recently recommitted to its long-term sponsorship and licensing agreement with AMF1."Stroll, who first acquired a stake in the team over five years ago, has increased his ownership in Aston Martin to 33 percent through his Yew Tree Consortium. "Since 2020, my partners and I have invested around £600 million into the company," he said, adding that the latest investment ensures a stronger platform for long-term value.Read more at Hypebeast
Aston Martin is selling its stake in the Aston Martin Formula One team to focus on revitalizing its core automotive business, while team owner Lawrence Stroll has doubled down on his commitment with a fresh round of investment.
The decision comes as Aston Martin Lagonda seeks to offset mounting debts — reportedly exceeding $1 billion — and follows the recent elimination of 170 jobs. The company stated that the share sale aims to “realise a premium” above the $95,712,345 USD book value of its investments, all while reaffirming its long-term sponsorship of the F1 outfit.
Despite the divestment, the F1 team will continue to bear the iconic Aston Martin name and signature British racing green livery. "These moves demonstrate that Aston Martin's place on the Formula 1 grid is as secure as ever," said Stroll. "AML recently recommitted to its long-term sponsorship and licensing agreement with AMF1."
Stroll, who first acquired a stake in the team over five years ago, has increased his ownership in Aston Martin to 33 percent through his Yew Tree Consortium. "Since 2020, my partners and I have invested around £600 million into the company," he said, adding that the latest investment ensures a stronger platform for long-term value.
